Who assesses the coherence between poverty reduction and the macroeconomic framework?
This is done through JSAs. Whilst the IMF still leads the dialogue on the macroeconomic framework it is the Bank’s responsibility to assess what impact it has have on poverty reduction. This would suggest that the Bank should have the final say on whether a framework is acceptable or not (currently the IMF has the ultimate authority to judge the macro policy content). Apparently no institution has the final word; instead there is now a clear dispute resolution procedure, which means that any differences between the two institutions are ironed out.
