A report produced by the Bank and Fund for their annual meetings reflects on the continuing problems with implementing the lofty goals of Poverty Reduction Strategy Papers.
The World Bank and the IMF have responded to complaints about their lack of transparency by issuing mountains of documentation and offering innumerable meetings and consultations. But critics are still not satisfied, pointing to the difficulty for people to find and interpret many of the documents produced, and to the opacity of the institutions’ key decision-making bodies.
On 14 April a high-level meeting of the UN Economic and Social Affairs Council (ECOSOC) was held with the World Bank, IMF and the WTO on "increased coherence, coordination and cooperation for the implementation of the Monterrey Consensus".
Members of the Brazilian parliament have called on their colleagues to form a parliamentary front on IFIs and the national banking system.
The fourth annual conference of the Parliamentary Network on the World Bank in Athens in early March gathered 140 Members of Parliament from 67 countries.
MPs on the International Development Select Committee questioned Clare Short on: debt, PRSPs, PSIA, Bank governance, social and environmental policies, privatisation of services, education and trade capacity building.
Around two hundred parliamentarians from Europe, Asia and Africa gathered in Switzerland.
Ugandan MP Sheila Mishembi Kawamara, at a 5 June meeting of East African legislative members, said that countries such as China, Mauritius, Vietnam and Thailand had refused to take World Bank and IMF prescriptions and their economies were thriving.
One hundred members of the Indonesian parliament wrote to the heads of the IMF and World Bank, condemning the institutions for implementing “disastrous orthodox macroeconomic policies”.
Malawi Economic Justice Network Civil Society Briefing Issue 16