'Development' has become synonymous with destruction in Bangladesh as many of the so-called development projects, financed mainly by the International Financial Institutions (IFIs), have huge negative impacts on the ground. They have added to the global north's 'ecological debt', which must now be repaid.
Notes from the CSO townhall meeting with Dominique Strauss-Kahn and Robert Zoellick
Summary of the first consultation on their new environment strategy, which they will develop next year.
The World Bank has published several papers on its pilot programmes for index-related insurance in developing countries to hedge against weather-related risks. They vary from support for local insurance companies to weather derivatives sold in international financial markets. According the Bank, private insurance should be seen as supplemental to public intervention and other forms of support such as cooperatives. A September briefing from the Bretton Woods Project, however, faults the Bank for
The World Bank and the IFC have committed to increase funding to agriculture to help tackle the food crisis, but their enthusiasm for agribusiness has been questioned by academics who suggest the benefits will not reach the hungry.
The World Bank has published several papers on its pilot programmes for index-related insurance in developing countries to hedge against weather-related risks. A September briefing from the Bretton Woods Project, however, faults the Bank for failure to assess the broader implications of partly relying on private insurance and unregulated international financial markets to manage weather-related risks.
A chorus of voices are celebrating the news that the International Finance Corporation (IFC) the private sector arm of the World Bank, has withdrawn a $90 million loan to the Brazilian cattle farming company Bertin
In February the UK Department for International Development (DFID) belatedly released its latest annual report on its relationship with the World Bank. This continues a tradition which sees these reports appear at irregular intervals. As with previous annual reports there is a marked absence of the critiques heard from the Banks Independent Evaluation Group, the Parliament's International Development Committee or civil society for the period reviewed.
While food commodity prices have dropped from their peaks earlier in the year, the role financial liberalisation played in causing the crisis and whether it can help resolve it are still being debated.
Meeting between UK NGOs and UK Alternate Execituve Director to the World Bank Caroline Sergeant on 5 September 2008.