According to the 2008 Global Accountability Report, written by UK NGO the One World Trust, the International Finance Corporation (IFC) scores well compared to other international institutions on its accountability policies. Overall the IFC, the World Bank’s private sector arm, gets a grade of 76 per cent, doing particularly well on transparency, evaluation, and complaints and response, but falling down on participation. The report looks purely at the institution’s stated policies, and has been criticised for giving a rosy tint to organisations whose accountability has been found wanting in practice. The 2007 report drew fierce criticism from the NGO Forum on the Asian Development Bank (ADB), who called its figures “highly questionable” and its assessment of the ADB “greenwash”.
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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).