The World Bank’s Bolivia office has decided to get into the propaganda game, producing tens of thousands of copies of a 22-page booklet titled Ten things they never told you about the World Bank in Bolivia. According to NGO the Democracy Center, the booklet, distributed in three major Bolivian daily newspapers, is rather liberal with the truth. Particularly amusing is the claim that the Bank’s arm for investment arbitration helped resolve the dispute over water privatisation to the benefit of Bolivian citizens. Of course, this ignores that the Bank required the botched water privatisation as a loan condition in the first place. The Bank also tries to claim credit for debt relief. Despite an invitation to respond, no World Bank official has participated in the debate on the Democracy Center’s website.
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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).