At a conference in Penang, Malaysia in August, officials, academic and members of civil society from the Asian region sought to chart a way towards greater regional cooperation that would insulate them from the IMF and financial crises.
East Asia & Pacific
In May, the World Bank was forced to defend the salaries paid to its consultants in East Timor after they were leaked to the press. The salaries, paid by the Bank and donors, ranged from $100,000 to more than $500,000 in a country where half the population live below the poverty line.
An article in the Economist highlights that no market has been formalised for trading carbon credits generated by programmes for reducing emissions from deforestation and forest degradation (REDD)
Two new World Bank working papers have rekindled the debate over how to count the poor, with the Bank asserting that even more people have been brought out of poverty in China than had previously been estimated.
Recent reports have raised new questions about the impacts of World Bank-funded dams in Uganda and Laos, while in Mozambique the World Bank will likely be approached to fund another controversial project likely to be spearheaded by China
The Philippine finance ministry asked for technical assistance from the both the IMF and the World Bank on the design of sin taxes.
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.
The World Bank-funded Nam Theun 2 (NT2) dam in Lao PDR is under scrutiny once again from NGOs, UN representatives and 'international experts' for its violation of human and indigenous peoples' rights, and its failure to achieve the development and environment goals it has promised
Lin Yifu, or Justin Lin, was expected to be appointed as the Bank's chief economist, after the post had lain vacant for nearly four months.
Highlights of a seminar on the new aid architecture in health as part of the Programme of Seminars on 19 October at the World Bank-IMF annual meetings 2007.
Guteriano Nicolau S. Neves of the La'o Hamutuk Institute in Dili argues for a critical appraisal of the World Bank's role in the reconstruction of Timor Leste.
Bankspeak of the year for 2006.