IFI governance

Background

World Bank executive directors roundtable with CSOs

8 October 2013 | Minutes

Tuesday 8 October 2013

Panelists:

•    Merza Hassan (WB Executive Director for Kuwait and Dean of the Board of Executive Directors),
•    Satu Santala (WB Executive Director for Sweden),
•    Victoria Tauli Corpuz  (Director, Tebtebba: Indigenous Peoples’ International Centre for Policy Research and Education)

This was a roundtable discussion between WBG Executive Directors and civil society representatives attending the Annual Meetings. The purpose of this event was to promote an exchange of views and discussion on key policy issues such as the Bank’s new development strategy, citizen’s voices, safeguards review, and climate change.

Presentations

Victoria Tauli Corpuz, Tebtebba
–    actively engaged in safeguards for indigenous peoples
–    crucial to have dialogue directly with the Bank, which we have been pushing for
–    have read new strategy, there are lacks that needs to be discussed, question how participation of stakeholders will be enhanced in this process
–    CSOs have a lot to contribute for solutions
–    The new framework of partnerships speaks to the importance of this

Merza Hassan
–    safeguards review will not dilute the safeguards, but look at the new generation of safeguards
–    you are becoming our partner, but we want partners at the country level too

Satu Santala
–    at the spring meetings goals were agreed, now a full strategy to deliver on this
–    real change in the making, potentially to change the way the WB is focusing on poverty, WB in world of reality and links to post 2015 framework
–    ambitious agenda, requires many things from the Bank and its partners
–    economic growth that creates jobs, inclusion, benefits, sustainability
–    strengths strong emphasis on environment, climate, gender and social inclusion
–    will help Bank to deliver better results
–    new strategy all about impact and results
–    implementation will be the proof of if its any good
–    quite a lot of emphasis on how the Bank works, modernising the institution, more efficient, accountable – necessary and difficult
–    would like feedback on science of deliver and new ways of engaging at the country level
–    science of delivery, new approach to focus on success, more than collect and circulate knowledge, about accountability, lot  of work already ongoing, eg social media, open data
–    engagement at the country level, new approach three components, more systematic analytical phase, new country level phase, incl voices of poor and communities – greatest challenge and opportunity, how to go for further selectivity, with greatest potential to produce results.

Cesar Gamboa, DAR
–    Peru, have a good conversation and experience but need to improve the dialogue, need transparency and access to information
–    How to engage on how the Bank will work, corporate strategy, eg agree on focus on climate change, also need to work on sustainability of societies
–    Safeguard policies should apply to all WB tools

Discussion

Themes to focus on WB new strategy and citizen voice and feedback

Q WB strategy document , has been annual affair on these conversations, why WB doesn’t have more proactive and strategic dialogue (in countries?)

Q Re safeguards review, Indonesia’s forests are under threat from corruption, military involvement, as well as climate projects such as FIP. IEG forest report, mentions failure to achieve poverty reduction – need safeguards and standards for forestry sector

Q economic case for climate session earlier, how will the WB strategy address this, links to energy directions paper, in particular with ref to colleagues from countries affected by WB fossil fuel projects in the room (Kosovo, India, Indonesia) – how will the WB respond to these countries

Gwen Hines, UK ED
–    EDs have individual views, can only speak for myself
–    In countries I’ve worked in I’ve always made a point of talking with communities, if this is not happening then need to take up with teams on the ground – on the ground engagement very important
–    Very difficult to do these kind of meetings, always meet with UK NGOs, encourage others to do the same
–    Individual responses would be a full time job

Sundaran Annamalai, Malaysia ED
–    on Indonesia, can’t respond directly, not enough information
–    waiting on the second round of discussion on safeguards

Ingrid Hoven, Germany ED
–    two days ago new IPCC report, confirms urgency of climate change – has been picked up by president and board
–    can’t do poverty eradication and shared prosperity without dealing with climate change
–    engaged a lot in analytical work, including adaptation and smart technology
–    resilience main focus, pursuing five work streams: price on carbon, subsidies on energy, cities, climate smart agriculture and modern energy supply and access to energy
–    energy paper says specifically only coal in exceptional cases, to be defined on a country by country basis – have to accept if a country says only fossil fuels
–    need to go from carbon dependent reliance, but takes time and investment and funding, should be humble, need to strike a balance

Q MENA region is in transition, need to understand that things have gone wrong in past few decades, poverty rising, economic indicators are not enough for the next period, means move away from usual indicators for wealth and prosperity, to incorporate environmental and social indicators. On 2015 agenda, important Bank makes itself accountability, but not without integrating a human rights approach – what is the Bank’s position on this?

Q Infrastructure investment, social and environmental considerations

Q Water privatisation in Philippines, have experienced problems with affordability and access – what would it take to stop the Bank supporting water privatisation since it is not working, and to secure the right to water for poor and marginalised.

Jörg Frieden, Switzerland ED
–    strategy not economic piece of work, comes from consultation, social and environmental dimension large part
–    not necessarily all projects get the result expected
–    stakeholder engagement is a requirement, but like the human rights, WB cannot enforce this dimension
–    the presence of the Bank opens opportunities for dialogue
–    don’t expect that the Bank will solve the human rights, environmental social issues – is a minor player that comes into the country because the governments asks for it, its an actor – issue if you want the Bank there as a partner, or to stay away
–    should we refuse CAS where human rights is not fully considered. Need to engage in sectors and countries where human rights conditions are not fulfilled
–    our engagement is a way to open spaces, not a solution for development, not here to judge human rights policies, to work with governments who accepts our presence – it’s a shared responsibility, cannot assume responsibility for human rights

Piero Cipollone, Italy ED
–    on infrastructure, development needs USD 1.5 billion a year to fill the gap
–    problem why the private sector is not stepping in, trying to create an instrument for private sector coming in to finance infrastructure
–    how is this going to play out is up for negotiation, no agreement on final shape yet

Jean-Paul Julia, France alt ED
–    on water, important what you said, we have to see what works and what doesn’t work and the different environments
–    don’t have to say there is a rule
–    the Bank cannot do everything, regarding the current situation in MENA, try to include other than GDP

Q Open spaces for development, Palestine occupied country, rights and genuine needs, links to ending poverty and shared prosperity

Q Uganda org for disabled people, vulnerable, many not going to school and accessing services. In the safeguards review, whether disability is going to be a concern

Q From Yemen, understand WB not only financial source, but play a role, because you care for the civil society and also the obligations towards human rights. You cannot do everything, but will the WB in the future have a bigger role in asserting pressure on our governments to implement human rights, we cannot separate human rights from development. You have open policies towards civil society, we would like to be with you from the first step, starting from the CPF, so when we talk about a project we can help you.

ED
–    more attention needed to disability, one challenge for the safeguards review, so many areas for greater involvement, how to not overwhelm the system
–    need balance to retain strong safeguards and not overburdening the system, disability is one that is emerging strongly
–    several governments working on the themes, scope to do more, but challenge

Ricardo Rainero, Argentina ED
–    in the process of changing a bit how we engage with the countries, on country strategies
–    on the goals sharing prosperity is very wide, including sustainable development, human rights cannot be separate from development is an increasing concern in the Bank

Merza Hassan
–    many types of engagement with countries, eg technical assistance, budget support
–    pushing for Palestine through technical assistance, put many resources there, trying to help through NGOs
–    access trade, developing SMEs, developing a Bank – we are there to address challenges, but we are there

Gwen Hines
–    not everything is about safeguards, safeguards are about doing no harm – policy and technical issue, often the most poor are people with disability
–    talking about shared prosperity,
–    lots of things can be done, eg WB best practice

Merza Hassan
–    agree on disability, shouldn’t leave anybody behind

Q Against new coal power plant in Kosovo and in the region, consultation process not substantive, will you move forward to a more substantial discussion and consider the real policy proposition they provide and experience.

Q Shared prosperity, how is the Bank thinking to address this from fiscal policies, eg taxing systems, tax evasion, better role from the state to providing health for the common good

Q Climate summit in Warsaw, do you plan to present any official statement on the WB’s climate policy, could be helpful for NGOs taking part

Q Why did you join the WB, what is your dream

Jörg Frieden
–    we know your position, your government is presenting a proposal, not because we don’t listen
–    we don’t exercise any pressure, that time is over
–    almost no country in the world need the WB money, there is plenty of money out there, have liberated us from the conditions
–    we need to convince them, we can come with proposals that they can take or not – can’t imagine a better situation
–    can’t put pressure on governments, not on coal, not on human rights, not on anything – we would of course not engage in anything that does harm

Piero Cipollone
–    creating jobs important, recognise where you come from, if you look at income distribution before intervention of the state
–    we are not going to impose anything on anybody
–    can provide financial resources, depend on the country

Ingrid Hoven
–    report again this year on climate change for Warsaw, to illustrate impacts
–    conference of parties, so CSOs need to put pressure on your delegation
–    WB simply observer and can give advice
–    Glad you want the WB to do more, a few years ago CSOs were sceptical about WB
–    See gender equality as part of human rights, WB promoting this, speaking to decision makers etc

Merza Hassan
–    looking at the economic aspect of human rights, where we can make a difference, and equal opportunity

Ricardo Raineri
–    should measure if we are really sharing prosperity or not
–    if this is not happening could increase inequality
–    fairness, sufficiency and efficiency – tax regimes that are progressive, office of revenue, and evasion
–    fossil fuels subsidies, large subsidies in many countries generally support rich people

Satu Santala
–    on human rights, how the Bank can integrate HR perspectives better, WB can do a lot and the new strategy gives us a good platform
–    whole sustainability brings us to these kind of questions
–    clearly this is on the agenda and a lot can be done
–    no such things as external pressure, but can give advice and propose solutions
–    very lucky to be selected by the Finnish government, reason for applying, having been engaged in development for many years – WB critical role in development
–    dream that the goals are fulfilled before I reach retirement

Ricardo Raineri
–    country partnerships, new strategy not the Bank telling countries what to do, the client will decide what the priorities are and aligning this to the two goals
–    joined the Bank, come from a constituency of 11 countries, before coming here, see a tremendous collection of knowledge and experience within the Bank – new strategy pushes this even further,
–    coming from a developing country that used to borrow from the WB, seen it can make a significant difference

ED
–    used to work in civil society
–    the WB is no longer central development player, given flows of private finance, appreciate you pushing us
–    188 countries coming together to reach goals, working with governments have all the limitations of this.

Victoria Tauli Corpuz
–     would need half a day rather than 1 1/2h
–    WB different animal now, not with the power of the past
–    EDs are also government representative, all have ratified the HR conventions – encouraging responses, hope for more dialogue on this
–    indigenous peoples has not been explored fully, governments cannot do it alone, they have messed up – need for all of us to work together
–    strategy says want to be a knowledge and solutions institutions, would like to see this done in a broader and deeper way – what are the obstacles and actions needed
–    solutions also lie in our hands

More background on this issue

IFI governance

Background

2 February 2017 | Resource

Recommended resources on the World Bank and IMF 2016

The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2016.

IFI governance

Background

4 October 2016 | Minutes

CSO roundtable with World Bank Group Executive Directors

Notes from a CSO roundtable with World Bank Group Executive Directors at the IMF/World Bank 2016 annual meetings.

IFI governance

Background

17 April 2016 | Minutes

World Bank EDs and CSOs roundtable

Notes from a meeting at the IMF/World Bank CSO Forum at the 2016 spring meetings between World Bank executive directors and CSOs.

IFI governance

Background

25 September 2015 | Inside the institutions

World Bank global practices and cross-cutting solution areas

This Inside the Institutions looks at the World Bank's new global practices and cross-cutting solutions areas that were established to improve how staff share knowledge internally and externally.

IFI governance

Background

10 February 2016 | Resource

Recommended resources on the World Bank and IMF 2015

The best books and papers on the World Bank and IMF from 2015.

IFI governance

Background

7 February 2016 | Inside the institutions

World Bank’s country engagement approach

This Inside the Institutions looks at the World Bank's new country engagement model, including the systematic country diagnostic and country partnership framework.

Gender

Background

16 April 2015 | Minutes

Gender and development: What is happening now?

Notes from a meeting on gender and development during the World Bank spring meetings.

IFI governance

Background

11 October 2014

The impact of the BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB)

Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014

IFI governance

Background

10 October 2014 | Minutes

UK civil society meeting with UK World Bank Executive Director Gwen Hines

Notes of a meeting with World Bank executive director Gwen Hines in October 2014.

IFI governance

Background

1 July 2014 | Minutes

UK civil society meeting with UK World Bank Executive Director Gwen Hines

IFI governance

Background

5 June 2014 | Minutes

UK civil society meeting with UK World Bank Executive Director Gwen Hines

IFI governance

Background

12 April 2014

An overview of the World Bank Group's new country engagement model

IFI governance

Background

8 April 2014

CSO roundtable with World Bank Group executive directors

IFI governance

Background

3 February 2014 | Minutes

UK civil society meeting with UK World Bank Executive Director Gwen Hines

IFI governance

Background

13 October 2013 | Minutes

World Bank Group strategy and reform process

Minutes from a World Bank sponsored event on the new World Bank Group strategy during the 2013 WB/IMF annual meetings.

IFI governance

Background

8 October 2013 | Minutes

World Bank executive directors roundtable with CSOs

IFI governance

Background

4 October 2013 | Minutes

UK civil society meeting with UK World Bank Executive Director Gwen Hines

The Bretton Woods Project convenes meetings with World Bank and IMF executive directors (EDs) several times a year. On 17 September the Project and civil society representatives met with Gwen Hines, the UK World Bank ED. Here are the notes from the meeting.

IFI governance

Background

26 June 2013 | Resource

Leaked documents: World Bank strategy draft recommendations

Web links for the leaked documents about the World Bank's strategy.

Finance

Background

30 May 2013 | Minutes

Notes of a meeting with World Bank Managing Director Caroline Anstey

Notes of a meeting with World Bank Managing Director Caroline Anstey

IFI governance

Background

30 May 2013 | Minutes

Civil society meeting with Steve Field, UK IMF Executive Director

Minutes of CSO meeting with Steve Field UK IMF Executive Director, 9 April 2013

Infrastructure

Background

23 April 2013 | Minutes

Colombia case study: results measurement and poverty eradication

This session examined Colombia's private sector partnerships and poverty eradication programme.

IFI governance

Background

23 April 2013 | Minutes

The private sector and poverty eradication

This session gave an overview on the links between private sector and healthcare provision in tackling poverty.

IFI governance

Background

22 April 2013 | Minutes

Bending the arc of poverty

The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.

IFI governance

Background

22 April 2013 | Minutes

Financial and housing crises, the Bank's safeguards and the right to adequate housing

This session featured a presentation from UN special rapporteur on the links between financial and housing crises, safeguards and the right to adequate housing.

IFI governance

Background

22 April 2013 | Minutes

The challenges of advancing sustainability at the World Bank

This panel discussion reflected on the major sustainability challenges facing the World Bank through exploring two World Resources Institute areas - a portfolio analysis on 2012 projects, and the interaction between country systems and World Bank safeguard approaches.

IFI governance

Background

22 April 2013 | Minutes

From the Arab revolutions to global austerity trends

This session examined issues thrown up by the Arab revolutions, including the fiscal, monetary, tax and investment policies being considered by governments facilitating, or hindering countries in the Arab and other regions in building an inclusive economy and supporting socioeconomic recovery, the impact on public expenditure for the strengthening of education, health, and other social sectors as well as the management of chronic and high unemployment and high food and fuel prices.

Land

Background

19 April 2013 | Minutes

An update and briefing on the global agriculture and food security program (GAFSP)

World Bank briefing on the Global Agriculture and Food Security Program (GAFSP) with a particular focus on recent private sector window projects.

Finance

Background

19 April 2013 | Minutes

IDA results and replenishment

Minutes of an event at the 2013 spring meetings

Social services

Background

19 April 2013 | Minutes

Leveraging private finance with public money: Positive Innovation? Corporate Welfare?

This event explored how modalities to "leverage" the private sector are beginning to appear in different ways in the World Bank and donors' agenda, and the challenges they pose.

Environment

Background

18 April 2013 | Minutes

CSO meeting with Ms. Ksenia Yudaeva, G20 sherpa, Russian Federation

This event featured a discussion between CSOs and the Russian Federation G20 sherpa covering topics including food & nutrition security, jobs and the post-2015 development agenda.

IFI governance

Background

18 April 2013 | Minutes

After recent court decisions: how can sovereign debt workouts become fair, comprehensive and account

This session examines the challenges which recent court decisions pose to sovereign debt workouts that allow for burden-sharing and take into account the social development needs of debtor countries.

Private Sector

Background

18 April 2013 | Minutes

Discussion on IMF jobs and growth policies

Center for Economic and Policy Research (CEPR) sponsored discussion on macroeconomic policy in the Eurozone, and the challenges to restoring employment and growth.

Private Sector

Background

18 April 2013 | Minutes

What next for the eurozone? Macroeconomic policy and the recession

Center for Economic and Policy Research (CEPR) sponsored discussion on macroeconomic policy in the Eurozone, and the challenges to restoring employment and growth.

Knowledge

Background

18 April 2013 | Minutes

Frameworks to support IMF policy advice to low-income countries

This event examined financial Sector Surveillance in Low Income Countries - Financial Deepening and Macro-stability Financial Deepening and Macro-Stability

IFI governance

Background

8 April 2013 | Inside the institutions

World Bank staff incentives

The World Bank Group's staff incentives and compensation schemes are considered important drivers of the Bank institution's successes and failures.

IFI governance

Background

18 February 2013 | Minutes

UK Civil Society Meeting with Minister of State Rt Hon Alan Duncan MP

This was a meeting on 1 October 2012, between the Minister of State of the UK's Department for International Development (DFID) and civil society representatives, focusing on the World Bank.

IFI governance

Background

13 February 2013 | Inside the institutions

World Bank Group's sub-national lending

The World Bank and the International Finance Corporation (IFC, the Bank's private sector arm) are jointly encouraging sub-national lending to states or provinces, aimed at boosting direct engagement at the state or municipal level.

IFI governance

Background

13 October 2012 | Minutes

World Bank Inspection Panel at 19: Some Lessons for Safeguard Policy

This panel discussion centered on the possible policy lessons for the Safeguard Review of learning from the emblematic or most frequently registered cases of non-compliance with Bank safeguard policies, particularly project supervision, environmental assessment, and involuntary resettlement.

IFI governance

Background

13 October 2012 | Minutes

Think tanks: promoting local solutions, influencing global thinking

This session brought together representatives of three leading policy research organizations from Bangladesh, Tanzania and Ecuador, to share their experiences and analysis of the potential of think tanks to promote local solutions and influence global thinking.

IFI governance

Background

12 October 2012 | Minutes

Citizen-Led Accountability at the World Bank Group: experiences of independent recourse mechanisms

This session aimed to gather CSO views, suggestions, and concerns on how to improve the current guidelines, including IMF consultation processes on policies, strategies, and Art. IV consultations.

IFI governance

Background

12 October 2012 | Minutes

Facilitating international adjustment through timely debt resolution

This session highlighted the perspectives of finance ministers, policy makers, and academics on the need to ensure timely, effective international adjustment in a manner consistent with sustained global growth and continued adherence to the system of open, dynamic international trade and payments constructed over the past 65 years.

IFI governance

Background

11 October 2012 | Minutes

The Role of the Independent Evaluation Group (IEG)

This session provided CSOs with the opportunity to have an exchange with IEG's Director-General and Senior Vice President on the role of the IEG.

Land

Background

11 October 2012 | Minutes

Halting the global land rush: protecting land rights and promoting food security

This event discussed how to invest in agriculture in a responsible way, including research on the scale of the global rush for land, and explored potential solutions to the problem, including the role that the World Bank can and must play.

IFI governance

Background

11 October 2012 | Minutes

CSO Townhall with Jim Yong Kim and Christine Lagarde

This townhall was for CSO representatives accredited to the Annual Meetings. The CSO Discussants made initial remarks on Fund and Bank policies and were followed by comments from Mr. Kim and Ms. Lagarde. This was then followed by a general discussion on issues of concern to CSO representatives.

IFI governance

Background

11 October 2012 | Minutes

From country systems to DPLs: understanding the World Bank's approach to social and environmental ri

This session will discuss the strengths and weaknesses of the Bank’s approaches with respect to different financial instruments and evaluate the challenges of ensuring coherence in environmental and social sustainability outcomes across instruments.

IFI governance

Background

3 October 2012 | Inside the institutions

World Bank lending facilities

The World Bank's investment lending (ILs) have been joined in recent years by new lending instruments, whilst IL itself faces an overhaul, as the Bank's operational policies come under review and pilots for the use of 'country systems' mature. The Bank is presently using four lending instruments: investment lending, development policy lending (DPL), Program-for-Results, and the World Bank guarantee program.

IFI governance

Background

3 August 2012 | Minutes

IFI re-engagement in Burma

Minutes of Burma and IFIs meeting, Washington DC, 18 April 2012

IFI governance

Background

3 July 2012 | Inside the institutions

Revolving doors: staff turnover between IFIs and African governments

The term 'revolving doors' refers to frequent staff turnover between institutions, usually relevant when these represent different interests working on the same policy issues. This serves to foster cross-institutional networks, practices and alliances. The staff turnover between international financial institutions (IFIs) and borrowing governments works as a mechanism through which specific ideas and practices learnt and promoted in IFIs are translated into policies in borrowing countries

IFI governance

Background

23 April 2012 | Minutes

EIR + 10

Minutes of afternoon sessions of extractives conference, Washington DC, 23 April 2012

IFI governance

Background

23 April 2012 | Minutes

2012 Tokyo Annual Meeting Planning Session

2012 Tokyo Annual Meeting Planning Session held on Saturday, 21 April.

IFI governance

Background

21 April 2012 | Minutes

Lessons from IEG's Cluster Review of IFC-supported Extractive Industries Projects

Minutes of IFC and extractives meeting, Washington DC, 21 April 2012

IFI governance

Background

21 April 2012 | Minutes

Safeguards in a Changing Landscape

Minutes of safeguards meeting, Washington DC, 21 April 2012

Finance

Background

20 April 2012 | Minutes

How can the IMF enhance its focus on growth and poverty reduction in LICS?

A civil society meeting held at the World Bank and the IMF hold their 2012 spring meetings in Washington DC on Friday 20th April.

IFI governance

Background

20 April 2012 | Minutes

Seminar - Time for a New Consensus: Regulating Financial Flows for Stability and Development

As the World Bank and the IMF hold their 2012 spring meetings in Washington DC this week, Latindadd and the Bretton Woods Project organised a seminar about regulating financial flows on Thursday 19 April.

IFI governance

Background

20 April 2012 | Minutes

Austerity in the Eurozone

Seminar at the Spring meetings 2012, 19 April 12

Infrastructure

Background

20 April 2012 | Minutes

Kosovo's options for a sustainable energy future

Minutes of presentation and discussion on Kosovo's options to develop a sustainable energy future, Washington DC, 20 April 2012.

Infrastructure

Background

20 April 2012 | Minutes

World Bank's Climate Investment Funds 4 years later

Minutes of meeting on the World Bank-housed Climate Investment Funds and the Green Climate Fund, Washington DC, 19 April 2012

Land

Background

20 April 2012 | Minutes

Agriculture and Food Security

Minutes of agriculture and food security meeting, Washington DC, 19 April 2012

Infrastructure

Background

20 April 2012 | Minutes

Climate change, energy access and sustainable development

Minutes of climate change and energy access meeting, Washington DC, 18 April 2012

IFI governance

Background

19 April 2012 | Minutes

Supporting Social Accountability for Better Results

Minutes of World Bank Social accountability plenary, Washington DC, 19 April 2012

Land

Background

5 April 2012 | Inside the institutions

The World Bank and agriculture

Agriculture re-emerged in the last decade as a focus of World Bank Group lending, with the Bank claiming that "improving agricultural performance is the most powerful tool we have available to reduce global poverty and hunger."

IFI governance

Background

23 September 2011 | Minutes

CSO Townhall with Robert Zoellick and Christine Lagarde

Notes of meeting, Washington DC, September 22, 2011

IFI governance

Background

14 September 2011 | Inside the institutions

China and the World Bank

China joined the World Bank in April 1980, and since then has been one of its largest borrowers and recipients of technical assistance. In recent years, China has gone beyond the only role of recipient country and has increased its influence on the Bank.

Finance

Background

13 June 2011 | Inside the institutions

The IFC's approach to international trade finance

Trade finance refers to financing arrangements that support international trade transactions. It is one of the central parts of a new ten-year strategy paper on international trade currently being developed by the World Bank for the period between 2011 and 2021.

Accountability

Background

17 February 2011 | Inside the institutions

The IFI's approach to tax avoidance and evasion

The World Bank and the IMF formally recognise tax avoidance and evasion as a critical problem for developing countries' domestic resource mobilisation. The Bank's public position on tax evasion and tax havens does not however identify concrete measures to stop investing in companies practicing tax avoidance. The IMF addresses tax policy under its surveillance mandate and in its technical assistance, but does not have an explicit framework to deal with tax evasion.

Environment

Background

29 November 2010 | Inside the institutions

The role of the World Bank in carbon markets: The Carbon Finance Unit

The World Bank's engagement in carbon finance has expanded from its "pioneering" Prototype Carbon Fund in 1999, which provided the groundwork for the continuously popular market-based approach to emission reductions.

IFI governance

Background

25 June 2010 | Inside the institutions

The IMF's policy advisory role to the G20

The G20 has turned to the IMF to operate as a research and advisory body on their behalf since those governments’ leaders first met in November 2008. The IMF’s work in this area has mainly fallen in three areas: technical advice, surveillance, and research.

Environment

Background

20 November 2009 | Inside the institutions

The role of the World Bank in climate finance

The World Bank currently plays four different roles in arrangements to distribute finance for mitigation and adaptation to climate change in developing countries. In addition, its overall lending portfolio can have significant environmental impacts.

IFI governance

Background

10 July 2009 | Inside the institutions

The International Center for the Settlement of Investment Disputes (ICSID)

The International Center for the Settlement of Investment Disputes (ICSID), part of the World Bank Group, is an arbitration forum between governments and foreign investors to settle investment disputes. Two thirds of international investment disputes go through ICSID.

IFI governance

Background

1 April 2009 | Inside the institutions

The IMF's special drawing rights (SDRs)

The special drawing right (SDR) is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries.

Environment

Background

27 November 2008 | Inside the institutions

International financial architecture

National and international financial bodies frequently overlap both in function and membership. Below are some of the main regulatory or influential bodies within the financial system. In most, the IMF is a participant, and in some, a central player.

Accountability

Background

26 September 2008 | Inside the institutions

IFC advisory services

The advisory services (AS) department of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, has grown rapidly since its establishment in 1986 and is seen by the IFC as one factor that distinguishes them from other financiers.

Environment

Background

25 July 2008 | Minutes

Highlights: Meeting of UK NGOs with UK Alternate Executive Director to the World Bank

Meeting between UK NGOs and UK Alternate Execituve Director to the World Bank -Caroline Sergeant- on July 22, 2008.

Infrastructure

Background

17 June 2008 | Inside the institutions

The World Bank and transport

Given that the World Bank's primary activity in its first decades of operation was financing infrastructure projects, the fact that the transport sector is the single largest sector for Bank lending should come as no surprise. However with the prevalence of concerns about underinvestment in social sectors, transport lending was on the decline in the late 90s and early part of this century. Now the pendulum is swinging back and transport sector lending is on the rise in both the public and privat

Social services

Background

1 April 2008 | Inside the institutions

The World Bank and health

In the last five years the global system for channelling development finance to the health sector has changed radically, causing the Bank to seriously re-examine its role in health finance. This article covers the who, what, where and how much of the World Bank's work with in the health sector.

Environment

Background

18 February 2008 | Minutes

Highlights of BWI-UK network meeting with Caroline Sergeant, 7 February 2008

Highlights of NGO meeting with alternative executive director to the World Bank, Caroline Sergeant

IFI governance

Background

1 February 2008 | Inside the institutions

The IFIs and Islamic finance

The World Bank Group and the IMF have become more involved in assistance to and oversight of Islamic financial institutions.

IFI governance

Background

31 January 2007 | Inside the institutions

The IMF programme cycle

The IMF has regular, systematic engagement with government representatives at many levels. Implementation of the IMF’s programme cycle varies from one country to the next, depending on the situation and need of the country in question. The nature of the programme cycle is highlighted by looking at the cases of Uruguay and Mozambique.

Accountability

Background

5 October 2005 | Minutes

Highlights of meeting with UK Secretary of State for International Development, Hilary Benn

Highlights of meeting with UK Secretary of State for International Development, Hilary Benn

IFI governance

Commentary

12 September 2005 | Guest comment

Giant taming: 10 years of the Bretton Woods Project

Director, European Network on Debt and Development; Coordinator, Bretton Woods Project, 1995-2004

IFI governance

Background

13 June 2005 | Inside the institutions

The executive boards of the World Bank and International Monetary Fund

contribution from Tom Scholar, UK executive director to the World Bank and IMF

Environment

Background

26 January 2005 | Inside the institutions

IMF and World Bank emergency response

The role of the IMF and World Bank in responding to emergencies and coordinating with relief efforts.

IFI governance

Background

26 July 2004 | Inside the institutions

The World Bank’s project cycle explained

The World Bank's public-lending institutions (IDA and IBRD) lend about US$ 15-20 billion annually to 100 countries to Projects ranging from infrastructure, education, health and government financial management.

Latest articles on this issue

IFI governance

Analysis

The Bank and IMF in 2017: Year in Review

While the Fund and Bank defended trade and globalisation, their rhetoric focused on the perils of inequality and need for inclusive growth

26 January 2018
The Coalition for Human and Rights and Development and #RaiseTheMic protested outside the World Bank Headquarters in Washington, DC April 2016. Credit: International Accountability Project

IFI governance

Analysis

The Bank and the IMF in 2016: year in review

The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.

17 February 2017

IFI governance

Background

Recommended resources on the World Bank and IMF 2016

The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2016.

2 February 2017 | Resource

IFI governance

Background

CSO roundtable with World Bank Group Executive Directors

Notes from a CSO roundtable with World Bank Group Executive Directors at the IMF/World Bank 2016 annual meetings.

4 October 2016 | Minutes

IFI governance

Analysis

One man, one vote, one option: World Bank set to coronate Kim for second term

The World Bank is set to reappoint president Jim Yong Kim for another five year term, despite persistent concerns from Bank staff and renewed calls for a merit-based process based on principles of transparency and diversity.

23 September 2016

Environment

News

World Bank’s new Forest Action Plan questioned

The World Bank has released its Forest Action Plan, but civil society raised concerns, including regarding lack of impact in light of the outcomes of the safeguards review and the links to the Forest Carbon Partnership Facility.

29 June 2016

IFI governance

Analysis

The Bank and the IMF in 2015: year in review

The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2015.

29 April 2016

IFI governance

Background

World Bank EDs and CSOs roundtable

Notes from a meeting at the IMF/World Bank CSO Forum at the 2016 spring meetings between World Bank executive directors and CSOs.

17 April 2016 | Minutes

IFI governance

Background

Recommended resources on the World Bank and IMF 2015

The best books and papers on the World Bank and IMF from 2015.

10 February 2016 | Resource

IFI governance

Background

World Bank’s country engagement approach

This Inside the Institutions looks at the World Bank's new country engagement model, including the systematic country diagnostic and country partnership framework.

7 February 2016 | Inside the institutions