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.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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