Meanwhile Joseph Stiglitz has accepted a post as chairman of Wall Street investment firm Brookdale which specialises in emerging markets. This calls into question the Bank’s failure to implement a quarantine policy to guide staff considering moves to other jobs. Stiglitz will also remain a special advisor to Bank President James Wolfensohn.
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.
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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