Environmental Defense and Halifax Initiative have collaborated on a critique of the first ten years of the Global Environmental Facility which finds that the World Bank, in its role as manager of the Facility, “actively pursues policies which contravene the spirit of the environmental conventions it was charged with implementing.”
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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