The World Bank has sacked three staff members after an investigation revealed they had accepted bribes from several Swedish companies in return for steering contracts worth US$900,000 to the firms.
The Multilateral Investment Guarantee Agency (MIGA), a private sector arm of the World Bank Group announced that it is collaborating with the European Union to provide a $23.
The International Finance Corporation is to press companies in which it invests to improve the rights of their minority shareholders and make their financial statements more transparent.
In June the World Bank agreed to back the Chad Cameroon oil pipeline, despite serious reservations from civil society groups in Chad and around the world.
Bretton Woods Project contribution to compilation of analysis and case studies by a range of NGOs. (September 2000).
The IMF looks set to repeat mistakes which led to the demise of Mozambique’s cashew processing industry.
The new buzz word in the global architecture debate is PSI - Private Sector Involvement.
Leaflets with sharply contrasting views about the International Finance Corporation (IFC) were distributed at the Spring meetings.
The IFC, in consultation with a number of private sector companies, NGOs, foundations and others, has compiled a draft guide for its clients on carrying out community development activities.
The World Bank has again delayed a decision on the Chad-Cameroon oil pipeline after further criticism from NGOs in Chad, Cameroon, Europe and the USA.