The seventh annual conference of the Parliamentary Network on the World Bank was held in Cape Town in March. Discussion topics included extractive industries revenue transparency, health, agriculture, illegitimate debt, climate change, anti-corruption and strengthening parliamentary oversight of the IFIs. UK NGO World Development Movement presented their toolkit for parliamentarians wishing to better scrutinise the role of the IFIs in their budgeting processes. The South African National NGO Coalition held parallel workshops, teach-ins and demonstrations to highlight the “socioeconomic and political crisis engineered by the World Bank”.
World Bank & IMF in the news
From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.