Local farmers and agriculture activists in Sri Lanka have slammed World Bank intervention in the agricultural sector, saying it has caused the eradication of small-scale cultivation and resulted in high food prices, in particular rice and wheat. The Movement for National Agriculture and Land Reform (MONLAR) held a gathering for concerned parties to discuss possible solutions to the problem. Former minister Indika Gunewardena stated that tenant farmers will never be able to rise out of poverty as long the government retains ownership of the land they work on. Small-scale farmers state that the Bank has been encouraging companies to invest only in large-scale farms.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
The Bretton Woods Project has published a new briefing providing a critical analysis of the IMF's latest work on gender equality. The briefing questions the sustainability of the Fund's new approach to gender equality and reveals that the Fund's analysis so far is limited and inconsistent with the full achievement of women's economic empowerment.
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