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
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.