Friends of the Earth Slovakia has complained about the World Bank’s requirement that the government agree a programme with the IMF before it can access Bank loans. “This illustrates how the two institutions work as a team to push their own agenda, regardless of whether the government and the public want it,” commented Juraj Zamkovsky of Friends of the Earth Slovakia. The government aims to establish a formal relationship with the IMF, although some officials feel this could hurt Slovakia’s standing on the international capital markets.
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).