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.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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