Controversy over a $6 million claim against the Ethiopian government by food giant Nestlé continues. The World Bank, which is mediating on behalf of the Ethiopian government, has called Nestlé’s charges “laughable when you consider who the debtor is”. However, a Nestlé spokesperson said that the claim was only taken up as a result of the Bank’s requirement that the government pay all outstanding claims against it. “According to WB‘s internal regulation, a country, which had not cleared existing claims against it would not have access to loans and other facilities provided by the Bank.”
Review maintains inadequate and inconsistent approach to economic and gender inequality, as well as climate change.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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