The positive impact of trade unions on economic development, and evidence indicating their ability to reduce discrimination and inequality, are among the findings of a new World Bank report: ‘Unions and Collective Bargaining’. ICFTU General Secretary Guy Ryder cautioned however, “the Bank must now translate these important findings into policy, which may involve a significant shift in its organisational culture. In contrast to worker-friendly statements at the global level, country-level Bank staff still routinely advise governments to, in effect, violate core labour standards by making access to unionisation and collective bargaining more difficult.”
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.