Bretton Woods Project - Critical voices on the World Bank and IMF

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Private sector

World Bank private sector work; the privatisation of state-owned enterprises, and Involvement of transnational corporations in IFI projects. Includes: Work of the International Finance Corporation (IFC) / Multilateral Investment Guarantee Agency (MIGA) / International Court for the Settlement of Investment Disputes (ICSID), Private sector development strategy, privatisation of services, corporate social responsibility, TNC involvement. read more...

Briefings

The World Bank, the IFC and the antecedents of the financial crisis

At Issue|Paulo dos Santos|27 November 2008|update 63|url

The financial crisis seemed to come out of the blue, but Paulo dos Santos of the University of London argues that the ground was laid by financial sector privatisation, liberalisation and deregulation. Far from these trends being confined to the rich world, the World Bank and the IFC have played a key role in pushing these policies throughout emerging markets, exposing them to the fallout of the financial crisis. read article...

Inside the institutions: IFC advisory services

Inside the inst|26 September 2008|update 62|url

The advisory services (AS) department of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, has grown rapidly since its establishment in 1986 and is seen by the IFC as one factor that distinguishes them from other financiers. read article...

The World Bank and transport

Inside the inst|17 June 2008|update 61|url

Given that the World Bank's primary activity in its first decades of operation was financing infrastructure projects, the fact that the transport sector is the single largest sector for Bank lending should come as no surprise. However with the prevalence of concerns about underinvestment in social sectors, transport lending was on the decline in the late 90s and early part of this century. Now the pendulum is swinging back and transport sector lending is on the rise in both the public and private sector arms of the Bank. read article...

Items 1 to 10 of 299

The World Bank, the IFC and the antecedents of the financial crisis

At Issue|Paulo dos Santos|27 November 2008|update 63|url

The financial crisis seemed to come out of the blue, but Paulo dos Santos of the University of London argues that the ground was laid by financial sector privatisation, liberalisation and deregulation. Far from these trends being confined to the rich world, the World Bank and the IFC have played a key role in pushing these policies throughout emerging markets, exposing them to the fallout of the financial crisis. read article...

World Bank-IMF annual meetings 2008

News|Bretton Woods Project|12 October 2008|url

At this year's annual meetings, the focus will of course be on the financial crisis gripping the rich countries of the world. Questions remain as to whether important issues around the World Banks role in climate change and its even governance structure will get the attention they deserve. read article...

Doing Business' persistent blind spots

News|Bretton Woods Project|26 September 2008|update 62|url

The latest Doing Business report fails to address key points of an independent evaluation read article...

The World Bank and water privatisation: public money down the drain

News|Nuria Molina and Peter Chowla|26 September 2008|update 62|url

Though the World Bank may be changing its formerly dogmatic approach to full privatisation of the water sector, key cases in Tanzania, Armenia, Zambia and India highlight that the Bank may not be learning quickly enough and that the poor may be left both without improved water and paying for botched privatisations. read article...

Inside the institutions: IFC advisory services

Inside the inst|Bretton Woods Project|26 September 2008|update 62|url

The advisory services (AS) department of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, has grown rapidly since its establishment in 1986 and is seen by the IFC as one factor that distinguishes them from other financiers. read article...

World Bank and IMF get a dose of health criticism

News|Bretton Woods Project|26 September 2008|update 62|url

While falling short of claiming that the World Bank and the IMF cause people to die, a massive study on the social determinants of health by the World Health Organisation and another on tuberculosis treatment in Eastern Europe each fault the IFIs for exacerbating inequality in access to health care. read article...

Evaluation asks what value the IFC adds

News|Bretton Woods Project|11 August 2008|update 62|url

An evaluation of the World Bank's private sector lending finds that amidst overall high development outcomes, poor environmental and social performance continues to plague projects in Africa. For the first time, the evaluators look at the sensitive question of 'additionality'. read article...

UN calls for human rights accountability Community appeals in Kazakhstan and Nicaragua

News|Bretton Woods Project|17 June 2008|update 61|url

A UN report says the World Bank's investment arbitration facility is at odds with the protection of human rights. read article...

IFC's intermediaries neglect environment: evaluation

News|Bretton Woods Project|17 June 2008|update 61|url

The Independent Evaluation Group found 'high development outcomes' in approximately two-thirds of projects funded by IFC-financed financial intermediaries (FI) which serve micro, small and medium enterprises. read article...

The World Bank and transport

Inside the inst|Bretton Woods Project|17 June 2008|update 61|url

Given that the World Bank's primary activity in its first decades of operation was financing infrastructure projects, the fact that the transport sector is the single largest sector for Bank lending should come as no surprise. However with the prevalence of concerns about underinvestment in social sectors, transport lending was on the decline in the late 90s and early part of this century. Now the pendulum is swinging back and transport sector lending is on the rise in both the public and private sector arms of the Bank. read article...

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