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.
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.
