The Bank has recently begun to recognise evidence of links between peoples’ empowerment, growth and improved project performance. However, it recognises that “there remain many questions about what empowerment means, how it applies to the Bank’s work, and what actions should be undertaken”. It has published an Empowerment and Poverty Reduction Sourcebook to start to define its approach in more detail. This sourcebook will also inform the World Bank’s social development strategy which is now under production.
In the news
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).