Most of the Bushmen of a Kalahari reserve in Botswana have been evicted to make way for exploitation of diamonds. Now the International Finance Corporation (IFC) is funding further exploration. The IFC told campaign group Survival, who had complained about the total lack of consultation, that they were “not involved in the discussions” between the authorities and the communities. The project documents state that the impact of exploration will be minimal. It is unclear whether there will be any Bushmen left if an extraction phase is triggered, which could make consultations unnecessary.
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.
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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