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Public Private Partnerships (PPPs) are not transparent enough, and face criticism from civil society organisations (CSOs) and others for being too expensive, and a risky use of taxpayers’ money. On Monday (29 February) more than 50 CSOs have written ...
The IMF and World Bank spring meetings, which used to be a major forum for global economic decision making, end today with few concrete outcomes, the Bank under fire for its human rights and environmental record, and the IMF still unable to make any progress ...
As the World bank and IMF hold their annual meetings this week, María José Romero, Eurodad's Policy and Advocacy Manager on Private finance, looks at the World Bank's support for Public Private Partnerships. This article was first published in the Bretton ...

A major political move: the BRICS launch the New Development Bank and a reserve arrangement

Maria Romero

18 Jul 2014 17:07:19

By María José Romero (Eurodad) & Sargon Nissan (Bretton Woods Project) The city of Fortaleza on the north-east coast of Brazil was the selected place for a major political move by Brazil, Russia, India, China and South Africa – the so called BRICS nations - in mid July. After the 2013 fifth BRICS’s summit held in Durban, South Africa, expectations were raised for the launch of a new development bank and a reserve arrangement as alternatives to challenge the power of traditional international financial institutions dominated by northern rich countries, primarily the World Bank and the International Monetary Fund (IMF).  How new is the New Development Bank? The bank created by the five members of the BRICS is called the New Development Bank (NDB). It is set to finance “infrastructure ...
In late April, the World Bank announced several methodological changes that will appear in the 2015 Doing Business Report (DBR). This report, which is due to be released in October, will include the first round of changes after the Independent Panel Review ...

CSO letter to IFC calls for immediate review of policy on tax havens

As a response to a recently published World Bank report on the first year of implementation of its policy on the use of offshore financial centres, several civil society organisations, including Eurodad, have sent a letter to IFC Executive Vice President Jin-Yong Cai to call for far greater transparency and an immediate and fundamental review of its policy on tax havens. Signatories of this letter believe that the report, which is only one-page long, is highly inadequate, as it fails to include the ...