World Bank transparency weak in practice
News||30 September 2010|update 72|
In July the Bank's new disclosure policy came into effect (see Update 68), but NGOs are warning that it fails to adequately cover ongoing processes and negotiations with governments. In August the Arab NGO Network for Development complained that in consulting on a new strategy for Lebanon, the Bank held only a single meeting with Bank-selected participants and failed to announce any consultation. In July, 52 South Asian civil society organisations complained about the performance standards review (see Update 72), saying the IFC's consultations were "undermining the democratic processes, lacking transparency and failing to hear the communities hitherto affected by various IFC-funded projects."
This text may be freely used providing the source is credited.
Published: 30 September 2010 , last edited: 30 September 2010
Viewings since posted: 3025
Climate Investment Funds Monitor 7: April 2013 25 April 2013
Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013
The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013
The World Bank and industrial policy: Hands off or hands on? 6 December 2012
Climate Investment Funds Monitor 6: October 2012 26 October 2012