In May, the World Bank was forced to defend the salaries paid to its consultants in East Timor after they were leaked to the press. The salaries, paid by the Bank and donors, ranged from $100,000 to more than $500,000 in a country where half the population live below the poverty line. The Bank insisted that the salaries are in line with internationally accepted market rates. The general secretary of the opposition party, Fretilin, has also accused the Bank of being complicit in covering up allegations of misconduct.
27 July 2009
27 July 2009
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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