The Nairobi-based African Economic Research Consortium (AERC) has been awarded the contract by the sub-saharan African Executive Directors at the Bank and Fund to act as the commissioning agent for the Analytical Trust Fund (ATF). The ATF is a £660,000 initiative to support the analytical capacity of African EDs by funding research and policy dialogues. It will be administered by DFID on behalf of donors France, Netherlands, Norway, Sweden and the UK. AERC will be responsible for coming up with a roster of experts by country and issue specialisation to respond to the requests of African EDs.
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.