Respondents to two recent surveys revealed widespread continuing mistrust of Bank and Fund approaches.
Peter Woicke, new Executive Vice President of IFC (the World Bank’s private finance investment arm) told IFC magazine Impact why he left J.P. Morgan Securities after 29 years.
The Bank’s new Vice President for Europe, Jean-Francois Rischard aims to increase the Bank’s engagement with European NGOs and academics.
Construction has restarted on the Sardar Sarovar (Narmada) dam, Western India, after a decision by the Supreme Court.
Government officials who negotiated contributions to the Bank’s IDA 12 lending window agreed with the Bank that “a clear private sector development strategy should be established for the World bank Group during the course of 1999 to guide the work of the IBRD, IDA, IFC and MIGA”.
The World Commission on Dams has nearly completed its workplan and selected consultants to lead work on the thematic reviews.
A recent article in the Legal Times alleges that there is significant corporate lobbying of the World Bank.
The Bretton Woods Project thanks the CS Mott Foundation and Christian Aid for their continued support.
Ben Fine, Professor of Economics at SOAS, University of London, has produced a 30,000 word paper which reviews and severely critiques the World Bank’s approach to social capital.
There is danger that the aims and scope of the social principles (formerly the Social Code), which was proposed by Gordon Brown as a fourth pillar of the new international architecure, will be watered down to become simply a framework for the Bank’s social policy.
On March 24 the World Bank Board will hold a special consultation session about likely changes to the Bank’s Independent Inspection Panel.
The G7 proposal to establish a Contingency Credit Facility has met with opposition from some European and developing countries.