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Just two examples of the Project's many achievements over the last year:

  • We have continued to play a leading role in the campaign to pressure the World Bank to phase out its funding for harmful fossil fuels and massively scale up its support for clean and renewable energy sources for poor people. Our activities have included events at the World Bank spring and annual meetings and collaborating with the UK parliament. This has resulted in key statements by both UK opposition parties and a cross-party resolution.
  • We have continued to lead the global call for an end to the democratic deficit at the IMF, which currently gives 129 developing countries a mere 31 per cent of the vote despite accounting for 70 per cent of the membership. This campaign won a commitment by the new IMF managing director Dominique Strauss-Khan to adopt a more equitable voting system at the IMF board.
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Published: Tuesday 23rd May 2006, last edited: Thursday 6th December 2007

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