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”.
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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