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Bretton Woods Update No.12 March 1999

Bank seeks balanced development strategies

News|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. read article...

Bolivian NGOs angry at misrepresentation

News|15 March 1999

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. read article...

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

News|15 March 1999

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. read article...

Post-crisis social code diluted to weak Bank principles

News|15 March 1999

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. read article...

Bank suggests hedge funds for developing country commodities

News|15 March 1999

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. read article...

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