2008 Spring Meetings WB- IMF (April) | News and updates

Article

The IMF's historic transition: is less better?

by Mark Weisbrot

"The IMF is back"; declared the International Monetary Fund's managing director, Dominique Strauss-Kahn, at its annual spring meeting earlier this month in Washington. And not a moment too soon either. To hear the organization's economists tell it (as they mingled in five-star hotels, long black limos and posh restaurants with bankers, businessmen and finance ministers from around the globe), they've arrived on the scene just in time to help solve the world's financial crisis. But despite the bravado, the reality is that today's IMF is not what it once was


News

G24 Ministers on finance crisis, IMF reform and climate change

by Martin Khor

Ministers of the Group of 24 issued a communique during the Spring Meetings which called on developed countries to help developing countries cope with the spillover effects of the credit crisis.


News

NGOs warn of World Bank's climate fund


The World Bank is holding a key two-day meeting in Washington DC (14-15 April 2008) to move forward plans to establish its proposed portfolio of climate investment funds (CIFs). The Washington meeting is expected to be followed by another session in May, with approval for establishment of the new funds by the World Bank’s Board of Executive Directors expected in early July in time for the G8 summit in Japan in July.


Report

Turning the Tables: Aid and accountability under the Paris framework

by Eurodad

2008 is a critical year for evaluating how aid is helping tackle global poverty and inequality. Three years ago aid donors and recipients signed up to the Paris Declaration on Aid Effectiveness - An historic agreement to improve aid quality. It is time to review progress. Have donors performed on their pledges? And is aid becoming more effective and accountable for impoverished people?

 


News

World Bank to meet as rising food prices spark unrest


The World Bank meets here Sunday as rising food prices spark deadly unrest in developing countries, underscoring the urgency of getting food aid to desperate people. Policymakers of the anti-poverty bank are due to discuss a massive, coordinated international plan to reduce hunger announced less than two weeks ago by the head of the bank, Robert Zoellick.


Report

World Bank's climate funds will undermine global climate action

by Celine Tan

The World Bank will be holding a key two-day meeting in Washington DC next week to move forward plans to establish its proposed portfolio of climate investment funds (CIFs) projected at in time for the G8 summit in Japan in July. According to a statement on the Bank’s website by Kathy Sierra, the Bank’s vice-president of Sustainable Development, the aim of next week’s meeting ‘is to work out details of how, when, and where to funnel new donor financing to projects that will have a transformational impact, at scale, in developing countries struggling with climate change.'


News

World Bank "Playing Both Sides of Climate Crisis"

by Haider Rizvi

A new study released by an independent policy think tank casts further doubts on the World Bank's ability to stay neutral in the global politics of climate change.


News

The World Bank's Carbon Deals

by Janet Redman

It was the first day in a long week of the consultations, PowerPoint presentations and high-level cocktail parties that accompany the World Bank’s Spring Meetings in Washington, D.C. Already tensions were running high in a tightly-packed conference room downtown. Bank staff huddled on one side and non-profit groups on the other. The topic that drew so much attention first thing Monday morning: Climate change and the Bank’s plans for plunging its fingers deeper into the expanding multi-billion-dollar carbon-trading pie.


Article

World Bank: Climate Profiteer

by Janet Redman

'World Bank: Climate Profiteer' outlines ten key problems with the World Bank’s role as a carbon credit trader in the international offset market.


Briefing

Briefing on Climate Investment Funds, by Warren Evans, Director of Environment, Sustainable Development Network World Bank

by Warren Evans

Power point presentation given by Warren Evans of the World Bank on the proposed climate investment funds at the climate talks in Bangkok and at the World Bank spring meetings April 2008