A proposed agreement on investment negotiated between OECD countries with the aim of facilitating unrestricted capital investment flows between member countries. The proposed agreement which was supposed to take effect in 1998 has now been shelved but proposals are underfoot to incorporate the agreement into the WTO (see WTO) agreement.
World Bank & IMF in the news
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.