The Evian Group held its annual meeting in Montreux, Switzerland, last month inviting a select group of business executives, policy makers, academics and opinion makers. Notable invitees were Nick Stern, Chief Economist of the World Bank, and Pascal Lamy, EC Trade Commissioner. First convened in 1995, the Group’s objective is to consolidate Asian-European business relations and “provide solid support and stimulation to the WTO“. Funding comes from participating TNCs, the EC and the Swiss Federal Government. Perhaps not surprisingly the Chair of the Evian Council is held by a Vice-President of Nestle, Michael Garrett.
World Bank & IMF in the news
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.