Heads of the IFIs were in Geneva in November for a World Trade Organization conference to take stock of its aid for trade taskforce. Two years since its launch, there is still no accepted definition of ‘aid for trade’, no effective monitoring and evaluation mechanisms, and little or no additional money. Bank president Zoellick announced more of the same for the Bank: resources for infrastructure, private sector support and work on tools to analyse trade obstacles. Trade NGOs have developed aid for trade principles demanding that it: be provided without detrimental conditions; not serve as a quid pro quo for concessions in negotiations; and be additional to existing aid.
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New Bretton Woods Project report reveals World Bank Group channelling crucial development resources to banks instead of directly investing in pro-poor projects.
In December 2013, the German Development Institute, Friedrich-Ebert-Stiftung and Bretton Woods Project, in collaboration with the G-24, hosted a high-level workshop in Berlin to foster an open exchange on the profound changes in the global economy and the implications for global economic governance and its constituent institutions and members.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).