The IMF and World Bank will participate in a commission of eminent economists chaired by Jeffrey Sachs on Macroeconomics and Health. The commission, set up by Dr Gro Harlem Bruntland, Director General of the World Health Organisation, has been given two years to consolidate the evidence and provide practical recommendations on how investment in health can promote economic growth and reduce poverty and inequality. Nine of the 15-member committee come from developing countries.
In the news
In December 2013, the German Development Institute, Friedrich-Ebert-Stiftung and Bretton Woods Project, in collaboration with the G-24, hosted a high-level workshop in Berlin to foster an open exchange on the profound changes in the global economy and the implications for global economic governance and its constituent institutions and members.
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).