Bretton Woods Project and Oxfam are pleased to invite you to a meeting with leading activists including from Cameroon, India, and Argentina who are visiting London as part of a European lobby tour. 11 March 2014 at 14:30.
Troika mulls new loan while Greek government touts economic success story but economic, health and human rights conditions deteriorate. Lagarde admits “miscalculations” occurred in Greek loan, while European parliamentary committee blasts Troika as unaccountable and illegitimate.
As emerging markets suffer renewed bout of financial volatility, risk of worse to come as IMF struggles to provide even-handed global policy coordination.
The World Bank and IFC continue push for controversial hydropower, with projects in Guatemala, Democratic Republic of Congo, East Africa, Niger, Pakistan and Macedonia. The Bank warned on long term viability of hydropower, as Uruguay’s state hydro company agreed insurance with the Bank.
The World Bank’s push for ‘climate-smart agriculture’, including a new joint initiative, was criticised by CSOs. An Inspection Panel case on forced labour in Uzbekistan cotton fields was postponed for up to 12 months.
The World Bank has announced big spending programmes in health, electricity and telecoms in Burma, however, critics point to its failure to protect human rights or consult properly with civil society.
The World Bank is promoting a “billion dollar map” of minerals in Africa, and continues to invest in fossil fuel extraction. Controversy is tainting Bank-funded mines in Colombia and Haiti as locals resist the extractive projects.
IFC investments in luxury hotels and shopping malls highlight projects with weak development outcomes.