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Bretton Woods Update No.49 January/February 2006

PDF version | At Issue PDF | text version | versión en español

Bank and Fund in-roads into Iraq

News|23 January 2006

Illustration by Robin Heighway-Bury/

The Bank approves the first development loan to Iraq at the same time as the IMF signs a stand-by agreement, leading to a dramatic increase in fuel prices. read article...

Internal accountability creates “institutional discomfort”

News|23 January 2006

Discussion of the CAO's internal accountability role and the difficulties it faces in light of the IFC/MIGA's disregard and criticisms from affected communities and civil society. read article...

Bank freezes pipeline funds to Chad

Resource|20 January 2006

Bank freezes Chad's funds following government violation of agreement with Bank over the Chad-Cameroon oil pipeline read article...

Using human rights tribunal to force Bank compliance: Uruguayan paper mill

by Jorge Daniel Taillant

Comment|23 January 2006

The recent filing of two international complaints against a planned Bank-financed world's-largest paper mill in Uruguay is a unique experiment in bringing World Bank projects under the scrutiny of international human rights tribunals. read article...

Both arsonist and fire-fighter: the World Bank on school fees

by Katarina Tomasevski

Comment|23 January 2006

A former UN special rapporteur on the right to education questions the World Bank's claim to have relinquished its support for user fees in education. read article...

The World Bank and education

Inside the inst|23 January 2006

brief summary of the World Bank's work and priorities in education read article...

World Bank “pushing big dams” across Asia

News|20 January 2006

Bank upscales its funding for large scale hydro in Pakistan and Inda, fails to adequately assess resettlement in China, and tries to take credit for increased investment in renewable energy and energy investment merely by increasing its funding for large high risk dam projects. read article...

Aid for trade: “distraction” from a bad deal

News|23 January 2006

The consensus among civil society observers was that the agreement struck at the December Hong Kong WTOtrade ministerial was a bad deal for developing countries, with IFI-backed 'aid for trade' used as a "major distraction". read article...

IMF debt deal 'a victory'

News|23 January 2006

In December, the IMF board approved 100 per cent debt relief to 19 countries under the Multilateral Debt Relief Initiative amounting to $3.3 billion. read article...

Latin America sends IMF packing

News|23 January 2006

The IMF's role and financial health have been brought into further question as a result of the early repayment of two of its largest debtors. read article...

Recommended resources of the year 2005

News|23 January 2006

BWP staff picks for books, official papers, websites and civil society briefings which made an impact in 2005. read article...

BWP thanks readers for support

News|23 January 2006

thank you to all readers who made financial contributions to the project read article...

The IMF and capital flight: Redesigning the international financial architecture By David Spencer, Senior Adviser, Tax Justice Network

by David Spencer

At Issue|25 January 2006

The international financial system facilitates trillions of dollars of capital flight from developing and developed countries to onshore and offshore financial centres, with the active participation of banks and other financial institutions. The consequences are massive tax evasion, a resultant erosion of state budgets, and rising disrespect for the law. The relevant international organisations that, working together, can change this situation are the IMF, the OECD, and the UN. read article...

Other stories in this issue

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You are now browsing an archive version of the Bretton Woods Project's website. This site has not been updated since September 2013, but may be used for reference material as the nbew site is being developed. However we suggest you look at the new website:

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