A new IMF working paper on the New Partnership for Africa’s Development (NEPAD), calls the agreement “visionary”. The paper urges “the active selling of reforms”, saying that “efforts underway to establish national and regional communication centers are steps in the right direction.” The Fund’s response to NEPAD includes the HIPC debt-relief initiative, increasing work on transparency/accountability and intensified support for capacity building – highlighting the opening of the African Regional Technical Assistance Centre in Dar es Salaam. For their part, African governments will need to “use PRSPs to translate NEPAD’s framework into operational blueprints.”
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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).