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Bretton Woods Update No.46 May/June 2005

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Which way the World Bank?

News|13 June 2005

Illustration by Robin Heighway-Bury/Thorogood.net

A report from the Bank's evaluation department assessing its contribution to growth and poverty reduction has provoked renewed debates over what development means and what the Bank's role in it should be. As Paul Wolfowitz begins his presidency, a dividing line is being drawn between advocates of economic growth driven by big infrastructure and those defending re-distribution through the provision of social services. read article...

G8 cancellation of World Bank, IMF debt: "step forward"

News|13 June 2005

Finance ministers of the world's richest countries agreed to write off $40 to $55 billion of debts owed to the World Bank, IMF and African Development Bank. Statements on aid effectiveness and trade in the final communiqué may signal an important change in donor attitudes. read article...

Setbacks to privatisations across Africa

News|13 June 2005

The collapse of a flagship water privatisation in Tanzania, and opposition to both a planned privatisation of the state cotton board and the completed privatisation of the state railway in Mali, highlight the continuing struggle over pressure from the Bretton Woods institutions to privatise in Africa. read article...

Evaluation of IMF and capital account liberalisation

News|13 June 2005

A report by the IMF's Independent Evaluation Office released in May concludes that the Fund's "cheerleading" on capital account liberalisation in the early 90s was unbalanced and inconsistent. read article...

World Bank and civil society engagement: a new direction?

by Moreblessings Chidaushe

Comment|13 June 2005

A civil society perspective on the World Bank global civil society forum and the future of civil society and World Bank engagement, by Moreblessings Chidaushe, Afrodad read article...

Fund legitimacy under question

News|13 June 2005

A summary of IMF gold sale deadlock. A summary of the new Turkish loan agreement and Krueger's comments on a flexible labour market. Re-emergence of the idea of an Asian Monetary Fund read article...

Ecuador stands ground

Resource|13 June 2005

Ecuador's new president has claimed he will not back down on oil revenues read article...

The executive boards of the World Bank and International Monetary Fund From the UK executive director to the Bank and IMF, Tom Scholar

by Tom Scholar

Inside the inst|13 June 2005

contribution from Tom Scholar, UK executive director to the World Bank and IMF read article...

Secretive World Bank tribunal confronts calls to open up

by Asociacion civil por la igualdad y la justicia

Briefing|13 June 2005

Civil society groups are backing official calls for reform of the World Bank's International Centre for the Settlement of Investment Disputes - however, the future of the reforms looks uncertain due to resistance from developing countries. read article...

Slow progress on World Bank’s oil, gas and mining commitments

News|13 June 2005

Update on the World Bank Group’s progress on the management response to the Extractive Industries Review. Problems relating to the BTC pipeline on its inauguration. Summary of the book The risks we run, on political risk insurance and the mining industry. read article...

World Bank breaks promises on forests

News|13 June 2005

The Bank has failed to comply with its own operational policy on forests. An inspectional panel request was authorised by the Bank regarding a forest project in Cambodia. NGOs are disappointed at the Bank's draft principles for a code of conduct for mangrove management read article...

From bad to worse: IFC safeguards

News|13 June 2005

The serious inadequacies of the IFC's environmental and social safeguards in light of a number of IFC-supported projects read article...

IFIwatchnet moves to Montevideo

News|13 June 2005

IFIwatchnet - formerly based at the Bretton Woods Project in London - has moved to the Instituto del Tercer Mundo (ITeM), in Uruguay, as part of a strategic plan to strengthen southern networks of IFIwatchers. read article...

Other stories in this issue

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The UK's role in the World Bank and IMF: Department for International Development and HM Treasury  13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

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The World Bank and human rights abuse in Honduras 7 August, Social Justice Committee of Montreal

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