2 November 2001
In June a conference was held at Chatham House in London to discuss “Increasing the Contribution of International Financial Institutions to Sustainable Development in the run up to Rio+10”. Speakers from the World Bank, NGOs, bilateral NGOs and academia discussed the World Bank’s record and potential, as well as newer institutional arrangements such as the Global Environment Facility and the Montreal Protocol.
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.
