The World Bank’s president made interesting statements on human rights and climate change. But he was not specific and he asserted brashly that his institution has not harmed indigenous people since he has been in charge.
Recent involvement in countries such as Afghanistan and Iraq has put World Bank and IMF post-conflict operations in the spotlight. While some believe multilateral finance is essential, others argue that the Bank and the Fund are acting primarily as pawns of powerful diplomatic and economic interests.
The World Bank has recently faced increasing pressure to adopt strong policies on human rights and climate change. NGOs have been joined by parliamentarians, nobel laureates for peace and a group of religious leaders in advocating for the Bank to adopt the recommendations of the Extractive Industries Review.
The IMF's capacity and legitimacy to address poverty have been debated by many analysts within…
Over 100,000 participants were drawn to this year's World Social Forum (WSF) in Mumbai, 16 - 21 January. Held on an enormous industrial complex in the north of the city, the panels, workshops, and cultural displays were held in hangars previously used as stage sets and ad-hoc tents. Innumerable marches poured through the streets outside, powerfully illustrating the depth of grassroots organising in India.
Many observers were sceptical when a few years ago the IMF embarked on a mission to respond to the "cries of the poor", in the words of its then head Michel Camdessus
Concerns have been raised about a new high-level initiative involving the World Bank and selected civil society groups.
A new book challenges global institutions and anti-globalisation activists with proposals for stronger but radically…
The World Bank President has pledged that the Bank will revive its support for megaprojects and a new report expresses serious concerns about the Bank's track record in this area.
A US Government Accounting Office (GAO) report finds serious shortcomings to recent IMF efforts to improve its capacity to predict and prevent financial crises, which is at the core of its mandate.