The World Bank’s 2005 Africa Action Plan (AAP) is up for review and the Bank is rolling out consultations. Phase one consultations will extend through June, and will take place in a number of cities in Africa. A draft strategy will be unveiled in August with phase two consultations extending through October. The AAP consultation note argues that “Africa’s fundamental problem [is] weak governance and public-sector capacity,” but makes no reference to the contributions many have argued the IFIs made to this through their structural adjustment programmes of the 1980s and 1990s (see Update 62).
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.
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