The World Bank legal department held a meeting in May in New York in response to long-standing calls from indigenous groups for a roundtable discussion between indigenous legal experts and the WB legal department. Indigenous leaders have said it amounted to an “informal meeting” and not the legal roundtable called for. Participants received the new draft indigenous peoples policy only hours before the meeting. The long overdue policy was scheduled to go to the Board for approval on 7 June, but has now been postponed indefinitely.
In the news
In December 2013, the German Development Institute, Friedrich-Ebert-Stiftung and Bretton Woods Project, in collaboration with the G-24, hosted a high-level workshop in Berlin to foster an open exchange on the profound changes in the global economy and the implications for global economic governance and its constituent institutions and members.
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).