The Analytical Trust Fund (ATF) for sub-Saharan executive directors at the Bank and Fund will hold its inaugural steering committee meeting in Nairobi in September. A majority of donors (the UK, Sweden, France, Norway and the Netherlands have backed the ATF) have now made their financial contribution. The African Economic Research Consortium (AERC) won the contract to assist the two sub-Saharan Executive Directors with research to support them in their roles. The ATF is the only concrete result of calls to strengthen the voices of developing countries at the Boards of the IFIs made at the Monterrey financing for development conference in March 2002. Dr. Domininque Njinkeu has been chosen by the EDs to act as their adviser, lending technical expertise to the consideration of concept proposals and work received from the AERC, and bringing to their attention issues of relevance to development in Africa.
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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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