In May, Paul Volcker announced the formation of his team that will review the operations of the Bank’s controversial anti-corruption unit, the department of institutional integrity, or INT. Members include John Githongo, former anti-corruption chief in Kenya, and John Vereker, the governor of Bermuda. Originally scheduled for completion in July, the report is now expected in September. Concerned about “the objectivity of the panel” (Volcker employed four INT staff in his recent investigations of the UN oil-for-food scandal, see Update 55) US NGO Government Accountability Project will conduct a parallel partial review.
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
Donate to the Bretton Woods Project
Established in 1995, the Bretton Woods Project (BWP) is a civil society watchdog of the International Monetary Fund and World Bank. By monitoring the work of these institutions, supporting and connecting critical civil society communities, and advocating for transformational change, the Project challenges their power and fights for the development of policies that are gender transformative, equitable, environmentally sustainable and consistent with international human rights norms.