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.
18 February 2008
17 June 2008
14 December 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.
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).