This session highlighted the perspectives of finance ministers, policy makers, and academics on the need to ensure timely, effective international adjustment in a manner consistent with sustained global growth and continued adherence to the system of open, dynamic international trade and payments constructed over the past 65 years.
Latin America & Caribbean
Accountability
News
IFC failed to act on "forced evictions"?
In August, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the World Bank's private sector arm), launched an audit into its $30 million investment in palm oil and food company Corporaci
Accountability
News
No IFC audit despite new Peru oil spill
In May, the Compliance Advisor/Ombudsman (CAO), the accountability mechanism of the International Finance Corporation (IFC, the Bank's private sector arm), closed the Maple Energy case, despite a new oil spill in April.
Conditionality
News
IMF and debt hold Jamaica back
A report published in May by the US-based Center for Economic and Policy Research (CEPR) found that an overwhelming debt burden and conditions on IMF loans are hindering Jamaica's economic recovery.
IFI governance
News
Building alternatives BRICS by BRICS
With the future of the World Bank up for grabs in the presidency race and the IMF facing a resource crunch, many developing countries are pursuing alternatives to the Washington-based lenders, with Brazil, Russia, India, China and South Africa even mooting a joint BRICS Bank.
Social services
Commentary
IMF from Argentina to Greece: similar but different
The economic crisis in Argentina in 2001 and Greece today share both similarities and differences, so we should be wary of stretching the comparison.
Land
News
World Bank policies "enabling" African land grab
New research claims World Bank Group's policies facilitate land grabs in Africa and favour the interests of financial markets over food security and environmental protection.
Infrastructure
News
World Bank busted over bus project in Lima
The Bank board approved in June a management response to a complaint from residents of the Barranco district in Lima, Peru, about the impacts of a bus service project that it supported.
Rights
Analysis
Debt and austerity - from the global South to Europe
In early May, more than 400 activists in Greece and campaigners and academics from across the world met in Athens to confront the current debt crisis of the European periphery and plan international solidarity and coordinated action against fiscal austerity imposed by governments.
Accountability
News
El Banco Mundial aumenta los prestamos a las industrias extractivas a pesar de los abusos a los dere
Los grupos de la sociedad civil han acusado al Banco por no haber previsto o respondido a los casos de las violaciones de los derechos humanos en el oleoducto Baku-Tbilisi-Ceyhan patrocinado por el Banco (BTC) en el Caucaso y Turquia, justo en el momento en el que el Banco anuncia un aumento en las inversiones en las industrias extractivas.
Rights
News
World Bank increases extractives lending despite human rights abuses
Civil society groups have accused the World Bank of failing to foresee or respond to human rights abuses in the Bank-sponsored Baku-Tbilisi-Ceyhan (BTC) oil pipeline in the Caucasus and Turkey, just as the Bank announces a boost in investments in extractive industries.
IFI governance
News
Brazil angrily rejects IMF fiscal warning
"The managing director of the IMF must have gone on vacation and some of the orthodox old men ... got distracted and wrote this stupid thing", said Brazil's finance minister Guido Mantega about a January IMF report on the country's fiscal situation.
