Bank president Paul Wolfowitz initiated an external review of Bank systems of transparency, accountability, ethics and integrity at the end of July. The man chosen for the job is Robert Pozen, current chair of MFS investment and previously a visiting professor of economics at Harvard University. He will review the Bank’s systems in this area and advise Wolfowitz whether he believes any changes are needed to “improve effectiveness and ensure proper coordination”. The purpose of the review is to “clarify roles, ensure an efficient use of resources, and ascertain that there are no gaps”. Bank watchers worry that new gaps may be exactly what results after Pozen presents his report at the end of September.
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Bretton Woods Project briefing on MDBs' fossil fuel investments and exposure to the carbon bubble
The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, and the Bretton Woods Bulletin, an online update of news and action on the institutions.
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