The International Development Association (IDA), the World Bank’s low-income country arm, appeared at the top of NGO Publish What You Fund’s 2011 Aid Transparency Index. IDA’s transparency is, however, only rated as “fair” by the assessment, published in November 2011. The transparency policies of the Bank (see Update 68) and other international financial institutions have been criticised by a December report of the NGO network Global Transparency Initiative (GTI). The report, Openness policies of the international financial institutions singles out the exceptions given for protecting the commercial interests of third parties and internal deliberations. These “serious problems” can be resolved by adopting the best practices applied at the national level, and “applying a strong public interest override”, said the report.
20 November 2009
7 January 2012
20 November 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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