A World Bank infrastructure strategy update, developed because of a G20 push for more infrastructure investment, reaffirms the Bank's commitment to large-scale projects and scaled up private finance through public-private partnerships (PPPs, see Update 77), despite questions about bloated costs and development impact.
Accountability
Accountability
News
World Bank revising governance and anti-corruption strategy
The Bank has opened an online consultation on proposed revisions to its governance and anticorruption strategy, which “will redefine and re-position its governance and anti-corruption work.”
Accountability
News
Complaint against the IFC in Mozambique
The Compliance Advisor/Ombudsman (CAO), the International Finance Corporation's (IFC) accountability mechanism, has transferred a complaint over an IFC-supported project in Mozambique to its compliance function, which will assess whether the project has breached the IFC's performance standards.
Accountability
News
IMF loan to Egypt branded as "odious"
Social movement Popular Campaign to Drop Egypt's Debts has spoken out against Egypt's military government agreeing to a $3.2 billion IMF loan.
Accountability
IMF's "trusted advisor" role to be scrutinised
The IMF's Independent Evaluation Office (IEO) has released an issues paper describing how it will assess whether the IMF has strengthened its 'trusted advisor' role since 2005.
Accountability
News
Analysis in conflict WDR criticised
The World Bank's 2011 World Development Report (WDR) on Conflict, Security and Violence was challenged in a paper published in the Journal of International Development.
Accountability
News
IMF plays "second fiddle" as governments fall in the eurozone
As the eurozone debt crisis escalates and protests multiply, the IMF increasingly appears side-lined. Italy's calling in of the Fund for "verification" of implementation of its EU-agreed austerity package symbolises the limits of its influence and resources.
Accountability
News
Bank's procurement rules "rigid"
The UK House of Commons International Development Committee (IDC) has expressed concerns that “when bidding for infrastructure projects, local contractors often do not stand a chance against international bidders, partly due to rigid rules used by multilateral development banks (MDBs) such as the European Union (EU) and the World Bank. ”
Accountability
Background
UK civil society meeting with HM Treasury and UK IMF Executive Director
Notes meeting Alex Gibbs September 2011
Accountability
Background
CSO Townhall with Robert Zoellick and Christine Lagarde
Notes of meeting, Washington DC, September 22, 2011
