On 30 May, the Spanish parliament approved a motion requiring the executive to report annually on Spanish positions adopted at the World Bank and IMF. The government will also have to report on the decisions taken by these institutions with regards to foreign debt, the “fight against poverty” and the Millennium Development Goals. The motion asks for: greater transparency on the financial resources allocated to the Bank and Fund; a strengthened presence of development experts and professionals in the IFIs; and promotion of research on the socio-economic impact of IFI actions undertaken at the initiative of Spain.
Market-led policy approaches increasingly used to deal with both climate and health emergencies are failing to protect those most vulnerable.
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).