A closed-door meeting between CEOs of leading pesticide/biotech companies and World Bank President James Wolfensohn in early December received strong opposition from Pesticide Action Network North America and 14 other NGOs. NGOs criticized the Bank’s decision to exclude public observers and to explore partnership opportunities with companies which have notoriously poor track records on environmental issues.
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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