Ugandan MP Sheila Mishembi Kawamara, at a 5 June meeting of East African legislative members, said that countries such as China, Mauritius, Vietnam and Thailand had refused to take World Bank and IMF prescriptions and their economies were thriving. “It is a pity that our leaders are always on the footsteps of these two institutions wherever they go,” she added. Kawamara said that the Bank and IMF were to blame for the increasing poverty in East Africa owing to their “nonsensical prescriptions.”
World Bank & IMF in the news
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.