The World Bank has published a new strategy on governance. It recognizes that the Bank’s record is weak in this area and that reforming public institutions is technically and politically complex. The paper outlines the new types of governance work the Bank is engaged in. For example not directly supplying infrastructure or services but “helping build institutions to encourage public and private actors to provide services”. The report proposes new survey techniques and studies, new staff and continued discussions with outsiders.
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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).