International

Knowledge

News

Faith meets finance

In February World Bank President James Wolfensohn met the leaders of nine religious faiths to discuss views on development.

15 April 1998

Knowledge

News

Are the 2015 targets realistic?

A new World Bank paper asks whether and how the international development targets (formerly known as “DAC targets”) for reducing poverty and improving social and environmental indicators might be achieved.

15 April 1998

Finance

News

J2000 mobilise 70,000

An estimated 70,000 people demonstrated in Birmingham to call on G8 leaders to cancel poor countries’ unpayable debts.

15 April 1998

IFI governance

News

Bank reform: what’s new?

In April the Bank’s Board discussed a progress report on the Strategic Compact: Wolfensohn’s reform package agreed one year ago.

15 April 1998

Private Sector

News

Bank "Business Partnerships" scheme launched

The World Bank has committed $3 million to a “Business Partners for Development” initiative to undertake studies and pilot projects involving companies, NGOs and governments.

15 April 1998

Finance

News

Private flows slowdown

Private capital flows fell sharply in the latter half of 1997 after having risen in the beginning of the year, as short-term capital flowed out of emerging markets in the wake of the Asian crisis.

15 April 1998

News

International Finance Guide

A Citizen’s Guide to the Globalisation of Finance outlines current trends, and examines the recent financial crash in Southeast Asia and the potential for a similar crisis in India.

15 April 1998

Knowledge

News

Bulletin dissects Bank report on the State

The April 1998 Institute for Development Studies Bulletin critiques the Bank’s World Development Report, The State in a Changing World.

15 April 1998

IFI governance

News

Sibling rivalry: can the Fund and Bank cooperate?

UK Secretary of State for International Development Clare Short told the Financial Times in April: “We are in a very silly situation. The international institutions are meant to be complementary, but the IMF keeps charging around taking other peoples’ jobs in areas where it is not necessarily competent”.

15 April 1998

Knowledge

News

Knowledge report discussions

The Bretton Woods Project is about to be sent the yellow cover draft of the Bank’s 1998 World Development Report.

15 April 1998

IFI governance

News

Bank builds muscle to deal with crises

The Bank will spend $50m over the next two years recruiting financial sector experts for a new Special Financial Operations unit.

15 April 1998

IFI governance

News

IFC slammed by Anthropologists Association

In April Jane Hill, President of the American Anthropological Association, wrote a strong letter to Bank Group President James Wolfensohn and Carol Lee, IFC Vice President and General Counsel.

15 April 1998