15 December 1999
A major beneficiary of World Bank-backed power sector reforms in India is US-based multinational company AES.
In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.
At the Seattle meeting of the World Trade Organisation (WTO) in late November, the World Bank confirmed that it will expand its work on trade.
The view that poor countries owe the rich millions of dollars in loan repayments is challenged by a Christian Aid report.
Renewed calls for a substantial SDR allocation raise urgency of reforming the inequitable global reserve ‘non-system’.
