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Spanish parliamentary oversight of IFIs

News|Bretton Woods Project|2 July 2007|update 56|url
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versión en español

On 30 May, the Spanish parliament approved a motion requiring the executive to report annually on Spanish positions adopted at the World Bank and IMF. The government will also have to report on the decisions taken by these institutions with regards to foreign debt, the "fight against poverty" and the Millennium Development Goals. The motion asks for: greater transparency on the financial resources allocated to the Bank and Fund; a strengthened presence of development experts and professionals in the IFIs; and promotion of research on the socio-economic impact of IFI actions undertaken at the initiative of Spain.

Published: 2 July 2007 , last edited: 16 July 2007

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CounterBalance, a new European coalition of development and environmental non-governmental organisations formed specifically to challenge the European Investment Bank (EIB), has launched its website. The EIB is the world's largest public lender. Find out more about it from CounterBalance.

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