While India is pushing for the World Bank’s Global Infrastructure Facility, the US voted against IFC support for a Saudi Arabian corporation linked to coal power and an Inspection Panel case was registered for a Nepal power transmission project. Concerns were also raised on infrastructure projects in India, Nepal and Burma.
The undersigned organisations hereby call on their governments in Europe to jointly put forward a progressive proposal for fundamental reform of the IMF that includes, at a minimum, ending inequality in decision making, opening leadership selection, and making governing bodies transparent.
The Climate Investment Funds (CIFs) are financing instruments designed to pilot low-carbon and climate-resilient development through the multilateral development banks (MDBs). They are comprised of two trust funds - the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).
Two new World Bank working papers have rekindled the debate over how to count the poor, with the Bank asserting that even more people have been brought out of poverty in China than had previously been estimated.
In 2004, the World Bank was responsible for the disbursement of over $3 billion through the 903 trust funds that it manages. The amount of funds being channelled through trust funds looks set to take off as increased international aid commitments chase limited spending channels. Recipients of these funds may see them as manna from heaven - but if trust fund support is not additional to other aid commitments, is this an optimum use of resources or just a cacophony of voices all trying to pull t
The UK all-party committee on international development held its evidence session on the annual meetings of the World Bank and IMF in October, with evidence heard from the Bretton Woods Project and the Rainforest Foundation, secretary of state for international development Hilary Benn, and representatives of the Treasury.
Bajo los auspicios de la décimo tercera revisión de cuotas en el Fondo Monetario Internacional, se ha producido una creciente discusión acerca de la modificación al régimen de gobernabilidad de la institución. Organizaciones de la sociedad civil europea suscriben una declaración exhortando a que sus gobiernos presenten conjuntamente una propuesta progresista para una reforma fundamental del FMI.
Im Rahmen der 13.
La 13a revisione delle quote del Fondo Monetario Internazionale ha generato un forte dibattito sulla necessit
The IMF should implement a double majority voting system that requires the achievement of two separate majorities - one based on one-country one-vote and the other on economically weighted quotas - for any decision to be made. This paper describes this system as a state-weight double majority, reflecting the two components of the suggested approach.
Minutes of a consultation between UK NGOs and HM Treasury on IMF governance, 4 April 2007
Highlights of a civil society dialogue on Bank/Fund governance during the spring meetings 2007
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.
