African governance has been “polluted by western intrusion,” James Wolfensohn, World Bank president said at the United Nations African Development Forum in Addis Ababa in October. He told politicians and delegates they must tap their own traditional systems and values. In recognition of this new insight, observers wonder if structural adjustment lending will be renamed ‘traditional systems and value lending’.
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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).