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”.
Dams Commission workplan nears completion
The World Commission on Dams has nearly completed its workplan and selected consultants to lead work on the thematic reviews.
Corporate lobbying at the Bank exposed
A recent article in the Legal Times alleges that there is significant corporate lobbying of the World Bank.
Thanks for support
The Bretton Woods Project thanks the CS Mott Foundation and Christian Aid for their continued support.
Bank approach to social capital criticised
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.
Post-crisis social code diluted to weak Bank principles
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.
Last ditch attempt to save Inspection Panel
On March 24 the World Bank Board will hold a special consultation session about likely changes to the Bank’s Independent Inspection Panel.
New credit line means more IMF conditionality
The G7 proposal to establish a Contingency Credit Facility has met with opposition from some European and developing countries.
Bank participation in carbon fund in doubt
The World Bank may have failed to secure European financial support for the Prototype Carbon Fund, one of the controversial carbon-trading schemes devised to implement the Kyoto climate change protocol.
Bank seeks balanced development strategies
Bank President James Wolfensohn has announced a new initiative which aims to balance economic with non-economic analysis and enable real participation and transparency in drawing up country strategies.
Financial Stability Forum agreed
The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.
IMF “serious” about improving NGOs relations