The Indian ministry of environment and forests rejected the World Bank's recently finalised climate investment funds (CIFs), a snub that may prove damaging, since India would have been a significant client.
This September's Independent Evaluation Group (IEG) Annual Review of Development Effectiveness (ARDE) highlights weaknesses in Bank monitoring and evaluation systems and provides worrying evidence that the Bank is not structured to work effectively on global public goods.
National and international financial bodies frequently overlap both in function and membership. Below are some of the main regulatory or influential bodies within the financial system. In most, the IMF is a participant, and in some, a central player.
With the system of global economic governance in crisis, there has never been a more crucial time for the Bretton Woods Project to work for change that puts poverty, human rights and the environment at its heart.
A forthcoming World Bank commissioned book on large dams stresses their purported economic benefits whilst inadequately addressing serious social and environmental costs. The book is a further indicator of the Bank's preference for large dams.
Annual Bretton Woods Project award for the most incomprehensible or absurd use of language in a Bank or Fund document or speech.
The financial crisis has shrunk credit availability to the private sector, including in developing countries. The International Finance Corporation (IFC) plans to step into the gap, but there are questions about the likely development impact and implementation of environmental and social safeguards.
Norway, Germany, IMF, WOrld Bank and experts discuss tackling tax evasion and capital flight.
Minutes of a meeting between Douglas Alexander, Secretary of State for International Development, and UK NGOs, 21 April 2009
Tentative schedule of the World Bank-IMF spring meetings in Washington, April 25 - 26, 2009.
Once again the World Bank is lending money to Brazil, but without adequate transparency or participation of civil society.
Despite promising rhetoric, new IMF loans show no greater flexibility in fiscal and monetary policies because of the current crisis. The Fund is still pushing tighter fiscal policy and single-digit inflation.
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.
