The worst fears of massive increases in poverty in Indonesia are “unfounded” according to a report by the World Bank, which draws on 3 new surveys on the social implications of the financial crisis.
Both ENDS and the Bretton Woods Project co-organised a roundtable meeting in early March to discuss the World Bank and IMF’s core economic models.
A major new Policy Research Report by the Bank argues that it is pointless to provide aid money to countries unless they have certain economic policies and a good institutional environment.
For about a decade the World Bank has made occasional statements that countries should move away from orthodox national accounts and integrate environmental and social costs and benefits.
The World Bank’s World Development Report for next year will tackle the thorny questions of which institutions can direct economic, social and environmental policies in an age of globalization.
In September the World Bank organised an electronic consultation on its planned poverty World Development Report, due out October 2000.
Drafting the 1998 World Development Report has proved so controversial that one of its co-authors resigned and the Board asked for changes which delayed its print schedule.
A new report, commissioned by the Government of Norway, reveals that the World Bank has a long way to go in clarifying and operationalising its poverty reduction objectives.
The Bretton Woods Project has been working with Both ENDS and other organisations to discuss a possible meeting to discuss the fundamental way that the World Bank/IMF measure development: economic growth.
The 2000 Report will tackle poverty and be led by Ravi Kanbur, of Cornell University in the USA, working with a team of Bank staff including Michael Walton, Director, Poverty Reduction.