The World Bank’s proposed new private sector development strategy is criticised in a response from Public Services International Research Unit (PSIRU). PSIRU argues that it “effectively erodes the position of the state in developing countries in favour of the global private sector”. PSIRU fears that “World Bank loans for public service infrastructure would effectively be tied to compulsory privatisation” favouring financing for multinationals in sectors such as water and electricity. The Bank is due to agree its new strategy in mid-November.
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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