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.”
New IMF gender guidance opportunity for civil society to keep its staff to account.
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).