In April the Independent Evaluation Group (IEG), the Bank’s arms-length evaluation body, released a critical report assessing Bank operations in East Timor from 2000 to 2010. It asserts that the Bank partly failed to relaunch Timorese education and medical sectors and also reveals that it urged the fragile post-conflict country to save a large part of its petroleum revenues rather than spend them on social projects. The report states that poverty “rose significantly through most of the evaluation period and declined only after 2007, when the government, against bank advice, increased its spending using petroleum resources.”
21 April 2011
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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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