The lower house of the Brazilian parliament is considering a bill which would require the appointment of posts in international organisations such as the Bank and Fund to receive confirmation by the senate. The NGO Rede Brasil has called for civil society to back the bill, saying that it is because the IFIs “remain immune from scrutiny by parliaments and society that such organisations become capable of unduly and harmfully interfering in internal policies of borrower countries.”
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New evidence from Oxfam, the Bretton Woods Project and other NGOs reveals the impact of IFC investments in financial intermediaries on global human rights.
This briefing shows that multilateral governance is at risk if long-overdue IMF quota and board reforms are not ratified.
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