IFI governance

News

Bank seeks balanced development strategies

15 March 1999

Bank President James Wolfensohn has announced a new initiative which aims to balance economic with non-economic analysis and enable real participation and transparency in drawing up country strategies.

IFI governance

News

Bolivian NGOs angry at misrepresentation

Key Bolivian NGOs feel that Wolfensohn has misrepresented the Bolivian National Dialogue (carried out in 1997) and subsequent process as a model for other countries to follow.

15 March 1999

Knowledge

News

Early fears of mass Indonesian poverty “unfounded”, says Bank

The worst fears of massive increases in poverty in Indonesia are “unfounded” according to a report by the World Bank, which draws on 3 new surveys on the social implications of the financial crisis.

15 March 1999

Accountability

News

Post-crisis social code diluted to weak Bank principles

There is danger that the aims and scope of the social principles (formerly the Social Code), which was proposed by Gordon Brown as a fourth pillar of the new international architecure, will be watered down to become simply a framework for the Bank’s social policy.

15 March 1999

Knowledge

News

Bank suggests hedge funds for developing country commodities

The World Bank has predicted that global commodity prices are unlikely to rise following the impacts of the world financial crisis, and is considering how developing countries could reduce harmful price fluctuation in these markets.

15 March 1999