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.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).