Activists from Eastern and Southern Africa gathered in Nairobi early August to discuss a civil society Economic Policy Project launched by MWENGO, a reflection and development centre for NGOs in the region. MWENGO argues that “there is a wide gap between the far reaching social implications of economic policy on the one hand and the select preserve of those able, in African civil and political society, to participate in serious debate on such policy”. The new initiative aims at exploring ways to increase “capacity for the public to understand issues of economic policy, and to petition for their own economic rights”.
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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).