In August, the IMF published data on sovereign debt restructuring cases between 1950 and 2010, detailing pitfalls in the process including creditor holdouts and litigation, communication amongst stakeholders and the scope of debt relief in past restructurings.
Transparency-WB/IMF
Accountability
News
IFC failed to act on "forced evictions"?
In August, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the World Bank's private sector arm), launched an audit into its $30 million investment in palm oil and food company Corporaci
Social services
News
IFC to fund Nigerian shopping malls to improve food security
The Bank's private sector arm, the International Finance Corporation (IFC), announced in June that it will invest $124 million in Nigerian property development group, Persianas to construct at least four shopping malls, a "high growth" sector in Nigeria.
Accountability
News
World Bank returns to Burma amid criticism
After leaving over suspended debt repayment in the late 1980s, the Bank officially returned to Burma, also known as Myanmar, in early August.
Finance
News
World Bank urged to review Rwandan support
Human Rights Watch (HRW) has asked the World Bank to review its support for Rwanda in the light of strong evidence of its "disregard of fundamental human rights", including killings of civilians, sexual violence, forced recruitment of children and torture.
Land
Background
Notes of meeting between UK Executive Director to World Bank Susanna Moorehead and UK civil society
Civil society organisations met UK Executive Director to the World Bank Susanna Moorehead and staff from the Department for International Development to discuss IDA, education finance, infrastructure finance, fragile states, agriculture and land, Doing Business rankings, Oyu Tolgoi project in Mongolia.
Accountability
Background
IFI re-engagement in Burma
Minutes of Burma and IFIs meeting, Washington DC, 18 April 2012
Finance
News
World Bank launches procurement review
The World Bank is undertaking a review of its procurement policy and procedures between 2012 and 2014, which could have significant consequences for developing countries.
Accountability
News
Parliamentarians call World Bank and IMF policies "unfair" and "ill-intentioned"
At an assembly held in Kampala in early April, IPU delegates criticised World Bank and IMF policies for being "unfair, non-transparent and ill-intentioned," and described how minimal parliamentary oversight hinders national ownership of development.
Accountability
News
World Bank sanctions decisions now published
At end May, the World Bank Group's Sanctions Board, the Bank's independent administrative tribunal for allegations of corruption and fraud in Bank projects, published its decisions on sanction cases for the first time.
Featured briefings
6 April 2022
The Bretton Woods Observer: Spring 2022
8 December 2021
The Bretton Woods Observer: Winter 2021
8 November 2021
IMF surveillance and climate change transition risks
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.