The World Bank’s draft framework for investment in the palm oil sector was met with dismay from civil society groups, who said that it failed to offer a credible strategy to address manifold social and environmental problems.
Logistical information for the "The private sector turn" conference in London, 22 November 2010.
A one day conference on 22 November in London. It will focus on the recent expansion of private sector lending within development finance. Looking particularly at the private sector portfolio of international financial institutions and the role of private equity funds and financial intermediaries. The conference will be followed by a strategy day to coordinate future work and action.
The agenda for the "The Private Sector Turn: Private equity, financial intermediaries and what they mean for development" conference in London, 22 November 2010.
The World Bank is currently undertaking a major review of its controversial engagement in palm oil production, but critics warn that consultation has been inadequate and that the Bank seems to have already decided to continue investment in the sector.
The city of Washington has agreed to pay $13.7 million to 700 protestors and bystanders mistreated by police during demonstrations against the World Bank and International Monetary Fund in 2000.
Civil society representatives from Bangladesh, India and Pakistan met at a December workshop in Dhaka on international financial institutions and debt, and said that it was time to free the region from the IFIs.
The Bank's approach to development in Palestine hinges on the full acceptance of the status quo - e.g. continued occupation and the presence of the settlements and the wall - as well as joint projects that impose PNA-Israeli cooperation, often with a third international partner. Politically, these development projects threaten to legitimise Israeli claims in regards to the wall, Jerusalem, land annexation and settlements that have resulted in the fragmentation and ghettoisation of the West Bank
A recent roundtable meeting shows that some progress has been made in official understanding of odious debt, but that the World Bank is remaining very cautious on the topic.
Despite the political victory of transformative forces in South America, differences of opinion over the direction of the Bank of the South, a new regional development bank, may slow progress towards developing an autonomous alternative to the World Bank and IMF-dominated international financial architecture.