The Bretton Woods Project convenes meetings with World Bank and IMF executive directors (EDs) several times a year. On 17 September the Project and civil society representatives met with Gwen Hines, the UK World Bank ED. Here are the notes from the meeting.
A July presentation on the safeguards review included parts of a proposed integrated framework and next steps. A July report by Human Rights Watch called on the Bank to ensure it does not contribute to human rights abuses.
A new World Bank Group strategy will be signed off at the 2013 annual meetings. It prioritises greater use of the private sector and “transformational engagements”, but criticisms continue over the Bank’s desire to tell countries what to do.
Drawing on case studies, reports and evaluations, Bruce Rich paints a picture of a Bank still inflicting suffering on vulnerable populations, and calls on Bank president Jim Yong Kim to show real leadership so that the Bank can learn from experience rather than flee from it.
Web links for the leaked documents about the World Bank's strategy.
In mid April four independent advisers to the UN urged that all of the World Bank's activities should be included in the Bank's safeguards review to ensure consistency with international human rights standards.
As the World Bank's attention moves from goal-setting to implementation of a new strategy, it is becoming clear that it intends to further prioritise the role of the private sector and adopt many practices of its private sector arm, the International Finance Corporation (IFC), as the main pillars for the whole group.
In mid April two UN special rapporteurs raised the alarm about the World Bank-led privatisation of Burundi's coffee industry and called for suspension of the policy pending a full human rights-based impact assessment.
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.
The International Finance Corporation (IFC), the private sector arm of the World Bank, is under internal scrutiny for two projects in Albania.