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 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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