UK parliamentarians have reprimanded the Department for International Development for its decision to hand over a 50 per cent increase in funding for the World Bank without sufficient analysis of whether or not this is good value for money.
The UK's International Development Committee has sharply reprimanded the Department for International Development for its decision to hand over a fifty per cent increase in funding for the World Bank without sufficient analysis of whether or not this is good value for money.
Highlights of a 4 October meeting between NGOs in the BWI-UK network and secretary of state for international development, Douglas Alexander, addressing IFI strategic reviews, aid effectiveness, clean energy/climate change and a number of other issues.
The World Bank released a paper on 'odious debt' in September following months of silence, adding to a growing number of initiatives examining the concept.
The board of the Parliamentary Network on the World Bank met in France in June to elect their new chair, Betty McCollum, Democratic Congresswoman from the United States.
An act of the Italian Senate on participation in replenishment of international funds and banks, approved by the Foreign Affairs Committee in July, commits the government review to credit mechanisms to include indicators of a country's capacity to achieve the MDGs, end support for water privatisation, advocate an end for fossil fuel support, and report on positions taken by the Italian representatives at the IFIs.
In its annual report to parliament about the UK and the IMF, the UK Treasury's most ambitious goal for 2007 is a revision of the IMF's surveillance framework.
On 30 May, the Spanish parliament approved a motion requiring the executive to report annually on Spanish positions adopted at the World Bank and IMF.
The seventh annual conference of the Parliamentary Network on the World Bank was held in Cape Town in March.
This is a summary of the Global Transparency Initiative (GTI) regional launch held at Westminster on the 2nd of November 2006.