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.
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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