The IMF has decided to hire a new public relations firm to bolster its battered image.
In October the Bank Information Center held a strategy meeting for 80 people from NGOs and foundations concerned about the World Bank.
Just two weeks after it published its “World Economic Outlook” in September the Fund admitted some of its figures were out of date and would have to be revised downward.
The 2000 Report will tackle poverty and be led by Ravi Kanbur, of Cornell University in the USA, working with a team of Bank staff including Michael Walton, Director, Poverty Reduction.
A new report, commissioned by the Government of Norway, reveals that the World Bank has a long way to go in clarifying and operationalising its poverty reduction objectives.
A World Bank conference this July in Padang, Papua New Guinea, discussed “mining and the community in South-East Asia” but many NGOs known to represent mine-affected people were not invited.
Given the lack of clarity and satisfaction about how WDRs are produced, and the difficulty of persuading the authors to recognise and include alternative views, the Bretton Woods Project has written to the Bank asking for a formal explanation.
The World Bank’s London office has transferred responsibility for providing public access to World Bank operational documents to the EMIC library at the Department of Trade and Industry, Kingsgate House, Victoria Street.
In 1997 the IFC commissioned a welcome review of its objectives following pressure from NGOs and some Executive Directors who argued that it emphasised deal-making in response to the private sector at the expense of any clear focus on poverty alleviation or environmental protection.
The World Bank is now in the advanced stages of negotiation with donor countries on funding for the next 3 years of its International Development Association soft loan funding arm.
Participation experiences in 20 Bank-assisted operations will be reviewed in an international conference co-sponsored by the World Bank, to be held in Washington in November 1998.
The IFC has just announced who will replace its Executive Vice President, Jannik Lindbaek, who is retiring because of ill health at the end of the year.