The Baku Tbilisi Ceyhan pipeline came under fire last month. A report by independent financial analysts found that returns would be “marginal” if everything goes according to plan. “But with considerable political risks involved,” said author Mark Mansley, “it could become a real headache for BP. Banks would be well advised to be cautious in their decisions on this”. Support from public institutions such as the International Finance Corporation has been delayed until September 2003. Meanwhile activists have filed complaints in 5 countries alleging that the project breaches the OECD’s Guidelines for Multinational Enterprises.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
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