On 17 January 150 people were arrested in Bhopal while marching against World Bank and Asian Development Bank policies. The Banks had convened for a Development Forum meeting organized by the Madhya Pradesh government. British Development Minister Clare Short was also present. The Jan Sangarsh Morcha (forum of Madhya Pradesh people’s organizations) wrote to her opposing “the anti-people policies, projects and processes that are sought to be thrust on the people of this state and indeed this country, at the behest of the multilateral institutions, but which most often reflect the interests of global corporations”.
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).