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 evidence from Oxfam, the Bretton Woods Project and other NGOs reveals the impact of IFC investments in financial intermediaries on global human rights.
This briefing shows that multilateral governance is at risk if long-overdue IMF quota and board reforms are not ratified.
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