Bank President James Wolfensohn announced in mid-July that he was taking a six week sabbatical. He told the Financial Times (14/7/00) he was “exhausted” and planned to go walking and fishing to “try to work out how I’m going to take on the challenge of the next five years.” The paper commented that among the factors which may have prompted him to take time off were the controversies over the China Western Poverty Project and the resignation of Ravi Kanbur as World Development Report lead author.
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New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
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.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).