A new briefing examining the Bank’s reassessment of the Washington Consensus and the influence of Stiglitz’s work at the Bank has just been published by the Bretton Woods Project and Public Services International.
A major beneficiary of World Bank-backed power sector reforms in India is US-based multinational company AES.
The World Bank is planning an independent review of its power sector reforms in India.
The Financial Times reported in July that World Bank East Asia Vice President Jean-Michel Severino admitted that the Bank and other organisations had been naive about the benefits of private infrastructure.
IMF policies have exacerbated corruption according to a Christian Aid briefing on new approaches to debt relief.
Several of the pilot ESAF collaboration studies between the IMF and world Bank are in trouble, and new countries may need to be selected.
In February the World Bank’s Board cleared a $210 million dollar loan to the state of Andhra Pradesh, India after the United States Government decided to stop blocking the loan.
Bulgarian NGOs are angry about the sale of a major copper smelter to a Belgian company as part of a World Bank environment project.
A country assistance strategy (CAS) identifies “high”, “base” and “low” case lending scenarios - which one a country initially receives depends on its economic prospects.