In July, as the oil in the IFC-supported Baku-Tblisi-Ceyhan (BTC) pipeline finally began flowing a year behind schedule, civil society groups from affected countries and elsewhere presented evidence of destruction, abuse and betrayal.
In an evaluation of the IMF Independent Evaluation Office's first five years of work, an external committee concluded that the IMF board may have undue influence over the body. Additionally the IEO set itself an ambitious work plan for the next year, as it plans to delve into the Fund's internal organisation and trade policy
Amidst a storm of controversy about the causes and solutions to corruption, the World Bank has announced a corruption amnesty and released an anti-corruption framework. The issue is high on the global development agenda, as the Bank pulls project finance in Indonesia and Cambodia, and the fiasco continues over oil revenues in Chad.
In a statement at the first session of the Human Rights Council in Geneva in June 2006, Joseph Ingram, special representative of the World Bank to the United Nations and the World Trade Organisation stated that the advancement of human rights is "critical" to the Bank's own poverty reduction mission, including the "global fight against corruption and the promotion of good governance.
In a statement at the first session of the Human Rights Council in Geneva in June 2006, the World Bank stated that the advancement of human rights is "critical" to its poverty reduction mission, including the "global fight against corruption and the promotion of good governance". It has been greeted with scepticism from civil society.
In April, the Ifesowapo Host Communities Forum in Nigeria requested the Inspection Panel investigate the West African Gas Pipeline project.
The IFC and MIGA have been unable to manage the international dispute created by their proposed investment in two pulp and paper mills in Uruguay, and show no signs of setting a board date for considering Bank support.
The recent filing of two international complaints against a planned Bank-financed world's-largest paper mill in Uruguay is a unique experiment in bringing World Bank projects under the scrutiny of international human rights tribunals.
Present: Meg Taylor, Compliance Advisor Ombudsman; Amar Inamdar, Senior specialist; Kate Kapiski; and other CAO…
Bank president Paul Wolfowitz initiated an external review of Bank systems of transparency, accountability, ethics and integrity at the end of July.