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.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.
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