As the UK government reviews its funding and relationships with multilateral organisations, we argue that the World Bank Group's poor performance, lack of country ownership and accountability, and tendency to 'mission creep', require a focus on institutional and policy change at the Bank, and no increase in funding.
Analysis
Submission on the World Bank and IFC to DFID's multilateral aid review
posted by Bretton Woods Project highlights | Thu, 02/09/2010 - 00:00Country by country reporting hailed by World Bank, but can it practice what it preaches?
posted by Eurodad News | Tue, 31/08/2010 - 15:26On the International Accounting Standards Board’s (IASB’s) website, many CSOs including Eurodad have contributed to the IASB Discussion Paper on extractive activities, arguing in favor of a comprehensive country by country reporting standard for the extractive industries, a standard currently being reviewed. There are also contributions from other stakeholders that are openly opposed to such a standard.Interestingly, the World Bank also made a very assertive contribution, which strongly supp...
Wither development finance?(2)
posted by Eurodad News | Tue, 27/07/2010 - 11:51Whither development finance?After the great recession of 2008, are we facing epochal change? To what extent is development finance (flows, policies, and architecture) evolving? What are the opportunities opening ahead for making development finance more transformative? Seeking answers to these questions, Eurodad commissioned the report Whither development finance, authored by Elisa Van Waeyenberge and Jeff Powell, to carefully assess current trends and changes in development finance and to hel...
Alternatives to negotiating sovereign debt
posted by Eurodad News | Wed, 21/07/2010 - 14:30Although not all Heavily Indebted Poor countries (HIPC 1999) have benefited from the debt relief initiative and the subsequent Multilateral Debt Relief Initiative (MDRI 2005), these processes have left us with many enduring lessons. These lessons include the fundamental fact that such relief initiatives are not sustainable. The following might explain why: firstly they were creditor led, with decisions about who can and cannot get debt relief being made by creditors on premises that are sometim...
Reaching the millennium goals: The European Parliament calls on EU member states to make progress on aid and capital flight
posted by Eurodad News | Wed, 14/07/2010 - 17:06On 15th June the European Parliament passed a resolution on progress towards the achievement of the Millennium Development Goals (MDGs): mid-term review in preparation for the UN high-level meeting in September 2010. This resolution sets out a number of recommendations for EU Member States ahead of the summit. It acknowledges that “all eight MDGs are currently off-target” and asks member states to adopt a leading, ambitious and united position to meet the MDGs before the 2015 deadline. Ove...
Simply Collateral Damage? - The Financial Crisis and the Developing Countries
posted by weed-online.org | Tue, 13/07/2010 - 13:52The report makes an analysis of the effects of the financial crisis on the developing countries, describes the channels of contagion of the crisis and its economic and social consequences. It highlights specific countries, among them China, India, Nigeria, Kenya and Brazil, looks into the systemic causes of the crisis and makes proposals for alternatives.
G20 leaders turn their backs on development commitments
posted by Eurodad News | Thu, 01/07/2010 - 16:03Last week, the G20 leaders met in Toronto, Canada, but unfortunately they were strongly divided on the policies that are needed to ensure a global economic recovery. Most concerning is the G20 return to business as usual, of prioritising fiscal consolidation at a time when global recovery is still weak, and failing to deliver on key measures to regulate the global financial system. Ninety million additional people will fall into poverty in 2010 as a result of the global crisis. The G20 Summit i...
Newsletter on EU Financial Reforms (No 2)
posted by weed-online.org | Wed, 30/06/2010 - 17:27The second newsletter issue analyses the latest and ongoing EU financial reforms and their impact on development. It covers the directive on alternative investment funds (hedge funds, private equity funds), derivatives, the role of the G20, tax, and supervision.
Debt crisis in Europe: Beware IMF bearing gifts
posted by Bretton Woods Project highlights | Thu, 17/06/2010 - 17:51The descent of Greece into a sovereign debt crisis marks the first time a country that uses the euro has gone to the IMF. The fear of adverse market reaction has now moved Europe towards greater coordination and the G20 to argue against continued fiscal stimulus.
Governments agree $86.2 billion boost to World Bank capital
posted by Bretton Woods Project highlights | Thu, 17/06/2010 - 15:47Shareholder governments have agreed an $86.2 billion boost to the capital that guarantees the lending of the International Bank for Reconstruction and Development (IBRD, the World Bank's middle-income country lending arm).
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