Despite its failure to improve forest management, the World Bank has released further funding to the Cambodian government. NGOs argue that this shows that the Bank is not serious about social and environmental issues. The Bank's anti-corruption credentials are also in doubt as it has awarded a contract for forest monitoring to a company with convictions for bribery.
East Asia & Pacific
IMF Managing Director Horst Koehler was reported as backing an independent Asian Monetary Fund when…
The World Bank is caught in a new political storm in Cambodia for cancelling $6.3 out of an $18 million loan for the demobilisation and reintegration of Cambodian soldiers. Meanwhile the Bank is criticized for refusing to directly back disarmament.
Civil society groups walked out of the Asia-Pacific meeting of the World Bank Extractive Industries Review (EIR) at the end of April. Coming after many other complaints about the process this raises major questions about whether the results of the Review - due to be released in December - can be portrayed as the result of a fair multi-stakeholder engagement.
Donors failed to carry out their threats to suspend financing as the Indonesian government does a u-turn on IMF imposed increases in fuel and electricity prices.
The IMF is replacing the head of its Manila mission, Joshua Felman, after he was linked to leaks of confidential information.
Civil society groups in Sri Lanka reject claims that the PRSP represents a comprehensive consultation process.
Civil society groups in Cambodia and Papua New Guinea call on the Bank to exert its influence to curb violations of forestry codes.
An Indonesian NGO complains that the Bank’s Department of Institutional Integrity has not been sufficiently transparent and achieved limited results.
The Thai government announced on 15 January that it is going to open the gates of the World Bank-supported Pak Mun dam for four months of the year.
The World Bank is considering withholding funds from Cambodia in response to government moves against Global Witness, an independent monitor of the forestry sector.