Which interests are being served by World Bank and IMF operations is just one of many questions raised by observers. Others include: Are WB and IMF interventions, creating or recreating the conditions for war? What are the implications of various policy choices, as well as the pace and sequencing of reform in transition from conflict? Are Bank and IMF frameworks and instruments conflict-sensitive? Should they integrate explicitly geostrategic factors in their analysis when allocating assistance and designing their interventions? What are the limits to the Bank's role? Is the Bank the best-placed actor to facilitate and administer donor assistance in reconstruction? The jury is still out on these questions, which could have serious implications for the Bank's and the Fund's mandates and work methods. An article in the latest edition of the Bretton Woods Update explores these questions in depth, with reference to Iraq, Afghanistan and several conflicts in Africa.