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.
30 May 2007
Renewed calls for a substantial SDR allocation raise urgency of reforming the inequitable global reserve ‘non-system’.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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