A letter from Haitian solidarity NGOs, faith groups and academics was sent to president Wolfowitz in August to protest the Bank’s mis-portrayal of the situation in the country. In late July, the Bank posted a banner headline on its website boasting that “new schools, roads, and jobs are among the achievements of the interim cooperation framework, Haiti’s economic, social and political recovery programme.” The letter’s authors pointed out that Haitian GDP declined in the year ending September 2004, living standards have plummeted and human rights violations by the state and police continue.
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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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