East Asia and PacificBrunei Darussalam, Cambodia, China, Fiji, Indonesia, Japan, Kiribati, North Korea, South Korea, Lao PDR, Malaysia, Marshall Islands, Micronesia, Fed. States of, Mongolia, Myanmar, Palau, Papua New Guinea, Philippines, Samoa (Independent), Singapore, Solomon Islands, Thailand, East Timor, Tonga, Vanuatu, Viet Nam, Taiwan, Australia, Cook Islands, Nauru, New Zealand, Niue, Tuvalu. read more background... Items 1 to 10 of 96Hastily introduced World Bank projects threaten to undermine peace process in BurmaIn late 2012 the World Bank announced its first lending to Burma in over 20 years. The concern among many grassroots activists, however, is that the areas to which this money will be funnelled are still in the earliest stages of the peace process, and that huge influxes of money will undermine efforts for sustainable peace. read article... Bangladesh to raise VAT under IMF pressureThe Bangladeshi government is being pressured by the IMF's Asia and Pacific department officials to implement its recommendations, including raising the VAT rate, despite opposition from local civil society organizations. read article... Chinese investment banker takes post as head of IFCChinese national Jin-Yong Cai will become the International Finance Corporation's (IFC, the World Bank's private sector arm) executive vice president and chief executive officer, it was announced in August. read article... World Bank returns to Burma amid criticismAfter leaving over suspended debt repayment in the late 1980s, the Bank officially returned to Burma, also known as Myanmar, in early August. read article... IMF steps into debate over monetary policy, independence at Bank of ThailandThe challenge of maintaining growth amid a global slowdown has sparked fierce debates over Thailand’s monetary policy. read article... IFI re-engagement in Burma Challenges and opportunitiesMinutes of Burma and IFIs meeting, Washington DC, 18 April 2012 read article... IMF pushes for fully convertible yuanAfter high-level talks in May, Chinese vice premier Wang Qishan announced US support for the inclusion of the yuan in the currency basket for the IMF's special drawing rights, the international reserve assets issued by the Fund. While this supports Chinese plans to make the yuan an alternative reserve currency alongside the US dollar and the euro, IMF recommendations for China to speed up the move to convertibility and fully open its capital account have attracted domestic criticism. read article... An easy call: IFC should quit MRL mining projectThe IFC should terminate its support to MRL's Philippine mining venture for not following their guidelines, and more than that, for ignoring the Philippine law concerning indigenous peoples. read article... Accountability squandered? World Bank should wait for justice in CambodiaDespite a 2011 victory in Cambodia, where a mass eviction in the centre of Phnom Penh was halted and remaining affected families finally gained legal title to the land they had been wrongly denied under a World Bank project, recent arrests have put justice in jeopardy and led to calls for a continued lending freeze by the Bank. read article... Supporting Social Accountability for Better ResultsMinutes of World Bank Social accountability plenary, Washington DC, 19 April 2012 read article... |
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