In December 2013, Gonzalo Castro de la Mata was appointed as a new member of the Inspection Panel, taking the place of Alf Jerve (see Update 86). The Inspection Panel is a complaints mechanism for people negatively affected by Bank financed projects. With a PhD in ecology Castro de la Mata, a US and Peruvian national, has previously worked at the Bank as a lead environment specialist and at the Bank-hosted Global Environment Facility. He will serve on the panel until 2018. He has been described as “a global leader in the promotion of free market solutions to environmental issues” and serves as chairman to a forest carbon credit company.
World Bank & IMF in the news
New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.
Briefing examines the shortcomings of the current SDRs allocation system and calls to reform SDRs to ensure their targeted, needs-based and equitable distribution.
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.