Colombian pop sensation ‘she wolf’ Shakira ended up in a February press conference with a World Bank president, Robert Zoellick, to launch her charity’s joint initative with the Bank on early childhood development in Latin America. Perhaps she missed the 2007 sex controversy that ousted the Bank’s previous leader of the pack Paul Wolfowitz? Drafting the Bank into her education-focussed work might also backfire. The Bank’s seeming desire to ‘whenever, wherever’ privatise public services might leave Shakira feeling ‘la tortura’.
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Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).