Since March, the Bank has posted a revision of its policy on “Poverty Reduction” (previously OD 4.15 now to become – symbolically – OP 1.00). Bankwatchers are concerned by the language of the policy which they say represents a significant step backwards from the World Development Report 2000 on poverty. There is no language on participation of the poor or other stakeholders in conducting poverty assessments, which is surprising given recent Bank emphasis on Participatory Poverty Assessments. The comment period closes 15 June.
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).