The fourth annual conference of the Parliamentary Network on the World Bank in Athens in early March gathered 140 Members of Parliament from 67 countries. Speakers at the meeting included the heads of the Bank and Fund. Wolfensohn put in a plea for additional development assistance funding. He stated that as the Parliamentary Network is now constituted independently from the Bank, participants “have a hunting license to criticize the Bank at all times because we are not paying the bill”. The meeting was described in The Observer as “a refreshingly candid exchange of views”.
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.
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