ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs committee meetings.
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World-Bank hosted CIFs committee meetings.
The release of the final IDA paper in April confirmed that IDA 17 represents a 7.7 per cent decline in IDA resources. The replenishment saw a loan of $1 billion from China and less generous lending terms for IDA borrowers.
Rashad Kaldany, the International Finance Corporation's chief operating officer, is appointed to lead Caisse emerging markets investments.
In August, the IMF published data on sovereign debt restructuring cases between 1950 and 2010, detailing pitfalls in the process including creditor holdouts and litigation, communication amongst stakeholders and the scope of debt relief in past restructurings.
The Bretton Woods Project would like to sincerely thank the Honorable James M. Flaherty, Canada's finance minister, for his kind end June response to a letter we sent him about leadership selection at the IFIs.
The Bank's sanctions committee has reopened the debarment case against Acres International, a Canadian firm whose conviction for bribing an official was upheld by the Lesotho appeals court last August.
Controversy over the call for debarment of a Canadian contractor is proving a litmus test of the Bank's commitment to apply the same standards to corrupt Northern companies as it does to Southern governments.