In July, the United States Congress passed legislation aiming to bar the International Monetary Fund and the World Bank from imposing “user fees” on primary health care and education on poor countries. This is the first time the House has demanded a change in a specific IMF-World Bank “structural adjustment” policy on the ground. The likely impact of this action is unclear, however, as the IMF often argues that it only “advises” governments on how they might meet its macroeconomic conditions such reducing budget deficits.
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Bretton Woods Project briefing on MDBs' fossil fuel investments and exposure to the carbon bubble
The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, and the Bretton Woods Bulletin, an online update of news and action on the institutions.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).