Minutes of a civil society meeting on upward harmonisation of World Bank safeguards during the World Bank/IMF annual meetings 2013.
Minutes from a CAO sponsored event during the 2013 World Bank/IMF annual meetings.
Minutes from Oxfam-hosted civil society seminar at 2013 Annual meetings on European austerity and inequality
The Fund has had to conduct another embarrassing “U-turn” to warn of the growing risks to the stability of developing countries, while cautiously accepting the need for capital controls in principle, but not necessarily in practice.
In early May, World Bank managing director Sri Mulyani Indrawati answered questions from the Indonesian Corruption Eradication Commission in relation to a 6.7 trillion rupiah ($675 million) 2008 bailout of Bank Century.
This event discussed how to invest in agriculture in a responsible way, including research on the scale of the global rush for land, and explored potential solutions to the problem, including the role that the World Bank can and must play.
Early April saw the launch of the new World Bank Group strategy for engagement in the palm oil sector, which failed to resolve civil society concerns over several issues, including the rights of indigenous peoples and how performance standards will be applied across supply chains.
The World Bank’s draft framework for investment in the palm oil sector was met with dismay from civil society groups, who said that it failed to offer a credible strategy to address manifold social and environmental problems.
The World Bank is currently undertaking a major review of its controversial engagement in palm oil production, but critics warn that consultation has been inadequate and that the Bank seems to have already decided to continue investment in the sector.
Violations of the IFC's performance standards in a palm oil project in Indonesia could have far reaching effects, drawing attention to the IFC's responsibility for the impact of whole supply chains as a review of their social and environmental standards gets under way.
The World Bank developed its campaign to 'combat' climate change through curbing carbon emissions from deforestation in tropical countries, but nobody noticed that the Bank, through its lending and development policies, has been promoting deforestation in tropical countries like Indonesia.
Highlights of key civil society and official events at the World Bank - IMF annual meetings in Singapore, 17 - 20 September 2006.