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.
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 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.
The G7 will establish a Financial Stability Forum (FSF) to improve the monitoring and regulation of financial markets.
Government officials met the World Bank in March to discuss new criteria for allocating its IDA (soft loan) resources among countries.
The UK Department for International Development is funding 2 social advisors to join the IMF’s Africa department to advise on the social implications of the IMF’s ESAF programmes.