5 April 2001
A week-long “listening tour” brought World Bank President James Wolfensohn and IMF Managing Director Horst K
Whilst the World Bank continues to develop its strategy to emphasise “global public goods” and its role as a “knowledge bank”, an increasing number of people are questioning its premises.
The World Bank has long failed to implement its policy on how to treat those displaced by the projects it funds, currently some 3.
Washington, DC, 26 April, 2001 - Italy and UK are taking the lead among G7 partners to set up a global trust fund of $1 billion to provide cheaper drugs for poor countries.
New US Treasury Secretary Paul O’Neill has indicated his scepticism that IMF bail-out packages can deal effectively with financial crises.
A new report summarises some of the continued challenges for participatory poverty reduction processes.
A conference on child poverty called by British Chancellor Gordon Brown and Secretary of State for International Development Clare Short received strong support from participants including non-governmental organisations.
In early March an estimated 5000 people from towns near the Yanacocha mine blockaded one of the main roads leading to the mine.
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
