In a departure from tradition, this year’s Bankspeak marks an exemplary case of the Bank clarifying a previously fuzzy concept. At this year’s annual meetings in Singapore, just as several dozen accredited civil society participants were being refused entry, held for questioning or deported, the Bank’s PR machine trumpeted the findings from the Doing Business report that the host nation was the “most business-friendly economy in the world 2005/6”. So now we know what business-friendly means.
This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.
World Bank Enabling the Business of Agriculture rankings prescribe land privatisation at the expense of family farmers, pastoralists, and Indigenous Peoples.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).