Peace for development of the African continent
IMF promotes capacity development support to help countries build and maintain strong economies through international monetary cooperation and provides policy advice and. The World Bank promotes long-term economic development and poverty reduction by providing technical and financial support to help countries reform certain sectors or implement specific projects. The two institutions have been accused of being secretive, unaccountable and ineffective especially on their activities in Africa. Both the IMF and the World Bank are seeking to become more transparent, more participatory and more accountable. During the Annual Meetings of the Boards of Governors of the IMF and the World Bank, Governors consult and present their countries’ views on current issues in international economics and finance thereby presenting an opportunity for GLAFAD to these institutions.