A new book by two researchers at the University of Oslo describes the structure and decision-making processes of multilateral institutions. Covering the World Bank, regional banks, IMF, WTO and UNDP, they analyse how major donor governments, and increasingly NGOs, determine their directions. They also describe specific cases such as the Arun III dam, Nepal and the Samut Prakarn project, Thailand. They are very critical, but conclude: “with all their faults the World Bank and other multilateral institutions are a potential bulwark against the unilateral actions of a single powerful country”.
New report reveals IMF policy in the MENA region has remained unchanged after the 2011 Arab uprising, despite its rhetoric for change towards inclusive growth.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).