In an email sent to both his board and news agency Reuters, current Bank president…
Highlights from a meeting between Bank president Wolfensohn, Fund director Rato, South African finance minister Trevor Manuel, UK chancellor Gordon Brown, and NGOs.
The World Bank-IMF annual meetings drew to a close with little or no progress made on any of the substantive issues.
A decision has been taken to discontinue the NGO press pass for the meetings, marking a serious step backwards in relations with civil society.
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.
This year marks the 60th year of the founding of the World Bank and IMF, several activities are planned to coincide with the institutions spring meetings to highlight the devastating impact of their policies, programs and projects and to continue the campaign for global justice.
The Financing for Development (FfD) process held its first high-level follow-up to assess progress over three days in New York, 28 - 30 October.
At the Telluride Tech Festival in Boulder, Colorado, the World Bank apparently co-sponsored the participation…
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.
The World Bank was rejected as a possible agency to manage any new global funds for development at a meeting in Pocantico, New York in May.
For years, IMF staffers, some of Washington's highest-paid workers, have been enjoying haute cuisine at cut-rate prices. Frugal friends from the World Bank have also been spotted at the Fund trough since their subsidized lunch was axed in 1995. In the spirit of Labour Day solidarity, the IMF stopped subsidising the food at its cafeteria on May 1.
A report released by the Institute for Policy Studies (IPS) claims the World Bank provided over $750 million in assistance to Enron power projects in seven different countries in the 1990s.