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Bretton Woods Update No.45 March/April 2005

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Wolfowitz era begins: Realpolitik 1, Democracy 0

News|1 April 2005

Illustration by Robin Heighway-Bury/

Paul Wolfowitz' nomination as World Bank president was approved by the board 31 March. Observers from across the political spectrum have denounced the selection process. read article...

IMF and World Bank use of conditions under the microscope

News|10 April 2005

Responding to stinging criticism from civil society and the Commission for Africa, the IMF and the Bank are under pressure for a fundamental rethinking of the use of conditionality. The results of a series of ongoing evaluations will be critical. read article...

People’s assembly demands justice from World Bank

by Mustafa Talpur

Comment|10 April 2005

Villagers of Badin district in southeastern Pakistan are demanding compensation from the World Bank for a drainage infrastructure project that has wrought environmental devastation and led to the loss of lives. read article...

Further violations at IFC-backed mine

News|10 April 2005

A summary of anti-mining activity in Guatemala and an update on the Marlin mine investigation by the CAO. read article...

Donors finalise commitments to Bank’s low-income arm

News|10 April 2005

In return for agreed changes from the World Bank to allocation procedures, results-based monitoring, transparency and harmonisation, donor countries have finalised their commitments to the International Development Association. read article...

World Bank gets failing grade on ‘results’

News|10 April 2005

The annual report of the Operations Evaluation Department of the World Bank released in March is scathing in its critique of the institution's failure to become more focused on results on the ground. read article...

The World Bank board of executive directors

Inside the inst|10 April 2005

A summary of the structure and workings of the World Bank Group's board of executive directors. read article...

World Bank disclosure: disappointing progress

News|10 April 2005

In early March the World Bank board approved an updated disclosure policy, bringing to a disappointing end a secretive two-year long review. read article...

Board approves Nam Theun 2 dam in Lao PDR

News|1 April 2005

Bank approves support for Nam Theun 2 dam in Lao PDR despite controversy and strength of international opposition read article...

Bank facilitates illegal logging in Cambodia

News|10 April 2005

According to NGOs, the World Bank has facilitated illegal logging in Cambodia, violating its own operational policies in the process. read article...

IFC safeguard review integrity in question

News|10 April 2005

Summary of concerns on process and substance of the IFC's on-going review of its safeguard policies read article...

IFC oil field in Kazakhstan flouts disclosure, safeguards policies

News|10 April 2005

Summary of environmental health problems and human rights violations related to the Karachaganak oil and gas condensate field read article...

IFIs on trade: “enormous investment” but to what end?

News|10 April 2005

The World Bank's international trade unit presented a progress report to the board in early March describing an enormous increase in investment in trade-related analysis which it is now looking to translate in to new lending - a serious concern for analysts who feel the Bank and Fund have got it wrong on trade. read article...

World Bank/IMF spring meetings schedule

News|10 April 2005

Members of the staff of the Bank and Fund, board members, development and finance ministers are gathered in Washington 15 - 17 April. read article...

Kept in the dark: The World Bank, the IMF and parliaments

by Olivia McDonald

At Issue|10 April 2005

Parliamentarians from across the globe have signed on to the International Parliamentarians' Petition. They believe that parliamentarians should be the final arbiters of economic decisions. Current practice, however, means they are not. The World Bank and IMF continue to pressure developing country governments to overrule or sideline their legislatures; a far cry from the principles of good governance which the institutions themselves espouse. read article...

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