For the last 18 months, Jorge Baca Campodónico has been holed up in the five-star Sheraton hotel in Buenos Aires, while his lawyers fight his extradition to Peru where he faces various charges of high-level corruption. Campodónico was employed as a technical adviser by the IMF at the time of his arrest; he subsequently testified that the IMF knew of the charges against him when he was hired. Peruvian authorities expressed “strong discontent” with the IMF’s legal and financial support for his defence. Argentine daily Clarín has reported that the Fund continues to pay his hotel bill.
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New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
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.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).