In March, the UK Department for International Development (DFID) released its second annual report reviewing its work with the Bank and setting priorities for 2010. The report offers strong support for the Bank, and often repeats the Bank’s self-evaluations uncritically. However, it is critical on gender, where “the Bank does not demonstrate strong commitment to addressing the inequality and discrimination faced by women and girls.” The report also says that the Bank still has “some way to go” on fragile states and demonstrated an “inadequate speed of response” to the financial crisis. DFID’s 2010 priorities focus on institutional reform, with a raft of proposals to reduce the power of the World Bank president, including strategic direction to be set by the governors, annual performance assessments of senior management, and “independent chairing” of the board.
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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