Accusations emerged in late July that the World Bank had pressured the Indian government to select Price Waterhouse Coopers (PwC) for advisory work undertaken as part of the Delhi Water Sector Project. Indian anti-corruption group Parivartan used national freedom of information laws to gain access to the correspondence between the Delhi Jal Board, which oversees water supply in the Indian capital, and World Bank officials. World Bank country director for India Michael Carter said “the insinuation that the Bank attempted to favour PwC is completely unfounded.”
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Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).