IFI governance


UK to get new Bank board post

28 January 2008

The British government announced in January that it will be ending the practice of having a single executive director (ED) for both the World Bank and the IMF. Having gifted the World Bank a record increase in financial support (see Update 59), the British want more capacity to monitor how their money is spent. They will need it judging by the quality of the latest report on UK activities at the World Bank published by the Department for International Development (DfID). The Bretton Woods Project has described the report as “weak, unaccountable and late”. The report made no mention of failed projects or lessons learned from the Bank’s evaluation and complaint bodies.