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.
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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