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 background...

Briefings

Helping farmers weather risks? Assessing the World Bank's work on index insurance

Briefing|23 September 2009|url

The World Bank has published several papers on its pilot programmes for index-related insurance in developing countries to hedge against weather-related risks. They vary from support for local insurance companies to weather derivatives sold in international financial markets. According the Bank, private insurance should be seen as supplemental to public intervention and other forms of support such as cooperatives. A September briefing from the Bretton Woods Project, however, faults the Bank for failing to assess the broader implications of partly relying on private insurance and unregulated international financial markets to manage weather risks. read article...

The International Center for the Settlement of Investment Disputes (ICSID)

Inside the inst|10 July 2009|update 66|url

The International Center for the Settlement of Investment Disputes (ICSID), part of the World Bank Group, is an arbitration forum between governments and foreign investors to settle investment disputes. Two thirds of international investment disputes go through ICSID. read article...

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...

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The World Bank and climate negotiations: updates from Copenhagen

News|Bretton Woods Project|11 December 2009|url

News and analysis from in and around the UN climate talks in Copenhagen - frequently updated. read article...

Human rights landmark in ICSID tribunal

News|Bretton Woods Project|20 November 2009|update 68|url

For the first time ever, a tribunal of the World Bank's International Centre for Settlement of Investment Disputes (ICSID) will hear human rights arguments. read article...

Leopard about to change its spots? IFIs debate role of financial sector

News|Bretton Woods Project|20 November 2009|update 68|url

The financial crisis has divided perceptions within the IFIs about the role of the financial sector in development. While some parts of the World Bank and IMF highlight the merits of small banks, others continue to push globalised finance. read article...

CSO Townhall meeting Istanbul, 2 October 2009

Minutes|Bretton Woods Project|8 October 2009|url

Notes from the CSO townhall meeting with Dominique Strauss-Kahn and Robert Zoellick read article...

Future of the Global Financial System Panel debate chaired by Martin Wolf, Istanbul, 4 October 2009

Minutes|Bretton Woods Project|5 October 2009|url

Notes of part of a panel debate chaired by Martin Wolf of the Financial Times, Istanbul, 4 October 2009. read article...

World Bank-IMF annual meetings 2009

News|Bretton Woods Project|4 October 2009|url

Analysis, news, and about the events inside and around the World bank/IMF annual meetings 2009. This page is being updated regularly. read article...

Helping farmers weather risks? Assessing the World Bank's work on index insurance

Briefing|Bretton Woods Project|23 September 2009|url

The World Bank has published several papers on its pilot programmes for index-related insurance in developing countries to hedge against weather-related risks. They vary from support for local insurance companies to weather derivatives sold in international financial markets. According the Bank, private insurance should be seen as supplemental to public intervention and other forms of support such as cooperatives. A September briefing from the Bretton Woods Project, however, faults the Bank for failing to assess the broader implications of partly relying on private insurance and unregulated international financial markets to manage weather risks. read article...

IFC deceptions on Doing Business

News|Eurodad|22 September 2009|update 67|url

Excitement caused by the International Finance Corporation´s (IFC) April announcement that it was changing how it scored countries in its controversial Doing Business publication (see Update 66) turned to dismay as the 2010 edition of this report, released in September, shows that very little has actually changed. read article...

Bank's approach to agriculture under fire

News|Rachel Whitworth|22 September 2009|update 67|url

The World Bank and the IFC have committed to increase funding to agriculture to help tackle the food crisis, but their enthusiasm for agribusiness has been questioned by academics who suggest the benefits will not reach the hungry. read article...

Concerns over IFC's upcoming performance standards review

News|Ben Natkin|22 September 2009|update 67|url

The IFC has launched the three year review of their performance standards on social and environmental sustainability but civil society has raised concerns about the review and critiques remain with regard to the content of the standards. read article...

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