In 2007, the Volcker Panel was convened to review the World Bank’s anti-corruption Department of Institutional Integrity (see Update 57). US NGO the Governance Accountability Project (GAP) alleges that accounts published by the Bank’s internal court, the administrative tribunal, show that the head of the department, Suzanne Rich Folsom, was “systematically informed about which of her staff members spoke to reviewers and what they said”. GAP alleges that Folsom “doctored documents, altered practices and intimidated witnesses”, leading staff members to sue the Bank. Bank management has reportedly done nothing to re-examine the panel’s recommendations.
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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).