The Fourth Preparatory Committee (PrepCom) meeting for the UN international Financing for Development (FfD) conference (to be held in March in Monterrey, Mexico) has just concluded in New York, with the endorsement of the so-called “Monterrey Consensus” document by all participants. This document “Confronting the Challenges of Financing for Development: A Global Response”, covers the issues acknowledged in the Zedillo report.
The proposal by seven African countries that the World Trade Organisation (WTO study the impacts of trade liberalisation measures imposed by structural adjustment programmes (SAPs) before launching another round of tariff-cutting negotiations has been ignored.
As the World Bank and the IMF inch closer towards streamlining their policies with those of the WTO, and vice-versa, a Bretton Woods Briefing discusses why Bank and Fund watchers should keep a close eye on the WTO negotiations (November 2001) .
The draft Ministerial Declaration for the World Trade Organisation’s Doha Meeting in November calls for the WTO to cooperate more closely with the World Bank and IMF.
In the aftermath of the tragic events in the United States on 11 September, civil society groups have been discussing their causes and likely impacts.
A major policy report has been produced with proposals for the Financing for Development summit to be held next March 2002 in Monterrey, Mexico.
Whilst the World Bank continues to develop its strategy to emphasise “global public goods” and its role as a “knowledge bank”, an increasing number of people are questioning its premises.
Summary of key points in “Leveraging Trade for Development: World Bank Role”
Activists and NGOs in Washington marked the first anniversary of the Seattle-WTO protests by holding a counter-reception outside the IMF’s headquarters during the formal opening of its new visitor center.
Developing countries’ exports, particularly agriculture and textiles, should have comprehensive and predictable duty-and quota-free access to rich countries markets if they are to benefit from outward-oriented reforms, concluded the Development Committee.
The first full-length study of relations between social movements and the IMF, the World Bank and the WTO has just been published.
It has been agreed that a high level United Nations meeting on Finance for Development will be held in 2001 involving political decision-makers at least at the ministerial level.