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Trade Unions and campaigners around the world accuse the World Bank of encouraging dangerous hidden debts, boycott consultation on Public Private Partnerships (PPPs)

• The boycott was launched after the World Bank ignored repeated calls for the Bank to stop promoting PPPs that contain dangerous hidden debts. • Most governments leave these costs out of the accounting books, which can lead to crippling hidden debt – especially damaging for world’s poorest countries. • See ‘Notes to Editors’ for examples of disastrous PPPs. 27 February 2017 Trade unions and campaigners from around the world are boycotting the latest World Bank consultation on PPPs, ...
Eleven years ago, the international community adopted the Paris Declaration on Aid Effectiveness that led to the adoption of several principles to improve the effectiveness of international aid. Reflecting on the widely criticised fact that creditors ...
In a submission this week, Eurodad together with more than 50 members and partners from the North and South commented on the draft framework suggested by the World Bank Group on disclosure in public-private partnerships (PPPs).  Read the full submission ...
The watchdog of the International Finance Corporation (IFC), the World Bank’s private sector lending arm, has released a new report into the IFC’s lending to banks and equity funds, prompting civil society to renew calls for urgent reforms. ...
This year’s annual meeting of the World Bank (WB) and the International Monetary Fund (IMF), on October 10-12, coincided with the 70th anniversary of both institutions. But it was not a happy party with global economic storm clouds looming, a growing ...

press
MEDIA RELEASE-Reforms to World Bank’s flagship Doing Business report are off track and undermine World Bank’s credibility

MEDIA RELEASE Reforms to World Bank’s flagship Doing Business report are off track and undermine World Bank’s credibility Campaigners demand urgent action from World Bank President Dr Jim Yong Kim Tuesday 26th August A global coalition of Civil society organisations (CSOs) are demanding World Bank president Dr Jim Yong Kim implements significant changes to the Bank’s flagship Doing Business report, as recommended by independent experts. The report ranks nations on the quality of their ...

blog
World Bank ‘s investment ratings still at odds with human rights and poverty reduction

Eurodad

28 May 2014 14:51:13

This article is a reproduction from www.rightingfinance.org By Sharan Burrow Every year the World Bank issues its Doing Business Report, which contains a ranking of each country’s business environment. In 2012, the President of the World Bank, Dr. Jim Yong Kim, appointed an Independent Panel of experts to review the report. The panel, chaired by South Africa’s Minister of Planning Mr. Trevor Manuel, appeared to be an opportunity to change the report for the better. The Panel, indeed, came up with substantive recommendations for an overhaul of the Doing Business. But most of them have been ignored. Those who understand the power of this report and its associated rankings to drive governments and give them the cover to put the interest of private companies ahead of the rights of working people ...

blog
World Bank’s content-free report shows need for a rethink of its policy on tax havens

Mathieu Vervynckt

08 May 2014 10:50:07

On 7 April, the World Bank Group published a report on the first year of implementation of its policy on the use of Offshore Financial Centres (OFCs) – commonly known as tax havens – in its private sector operations. The report, which comes after repeated calls from civil society organisations for a stronger policy, fails to include the necessary information to make a proper assessment of the Bank’s implementation efforts. Once again, it exposes the inadequacies of the current policy in terms of tackling tax evasion and avoidance.  The World Bank Group’s current policy, which was adopted in November 2011, requires its private sector lending arm, the International Finance Corporation (IFC), to report to its Board of Directors on the implementation of its policy towards OFCs. This ...
Ahead of the World Bank and IMF spring meetings next month, more than 20 CSOs, including Eurodad and its members, have sent a letter to the Executive Vice President of the International Finance Corporation (IFC), Jin-Yong Cai. The letter calls for a comprehensive ...