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The IFC's lessons of experience & the Chad-Cameroon oil and pipeline project (Bretton Woods Project)

To Lend or Not To Lend:

This Article will use the Chad/Cameroon project to illustrate why the World Bank should adopt a realistic and pro-active approach to human rights problems. Part II will examine the evolving interpretation of the Bank’s mandate and the historical inconsistencies in its policy toward human rights issues. This examination will show that there are no theoretical obstacles preventing the Bank from interpreting its mandate liberally to include human rights considerations. Part III will draw on the development of the Chad/Cameroon pipeline controversy in order to highlight the importance of human rights considerations for the project’s success. Part IV will argue in favor of the adoption of a more open and consistent human rights policy as an essential condition to improving the credibility of the Bank’s operations. This reformulation is essential if the Bank aims to serve as the guardian of fairness in private investment and to improve the economic well-being of countries like Chad.

Tags: chad, cameroon, petroleum, human, rights, harvard, international, development, world, bank, industry on 2008-07-15 -All Annotations (0) -About

more fromwww.law.harvard.edu

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Facilitating whose power? WB and IMF policy influence in Nigeria's energy sector (Bretton Woods Project)

Though the volume of donor financing to Nigeria is much less than to other sub-Saharan African countries, at a policy level the World Bank, the IMF and DFID are highly influential in the country's macro-economy.

Tags: international, development, world, bank, nigeria, africa, petroleum, industry, electricity, obasanjo, PSI, paris, club, privatization, nedp on 2008-07-15 -All Annotations (0) -About

in list: IMF policy approaches

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Poverty Reduction Strategies - Macroeconomic Issues

The fact that solutions to poverty therefore cannot be based exclusively on economic policies, but require a comprehensive set of coordinated measures lies at the heart of the rationale underlying comprehensive poverty reduction strategies. Economic growth, however, remains the single most important factor influencing poverty, and macroeconomic stability is essential for high and sustainable rates of growth. Macroeconomic stability must therefore be a key component of any poverty reduction strategy.

Tags: world, bank, cdf, prsps, poverty, reduction, strategy, papers, ownership, participation, empowerment on 2008-07-08 -All Annotations (0) -About

more fromweb.worldbank.org

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Africa's Unnatural Disaster

The strategies of the World Bank and IMF have successfully applied shock doctrine methods to plunder the globe, causing widespread hardship and suffering, for the benefit of the few and creating millions of victims. They are the embodiment of psychopathy on a global scale, and from that perspective, they are not 'failed', but actually a devastating and horrific success.

Tags: agriculture, economics, africa, world, bank, imf, international, development on 2008-07-06 and saved by2 people -All Annotations (7) -About

more fromwww.fpif.org

Secret report: biofuel caused food crisis | Environment | The Guardian

Supporters of biofuels argue that they are a greener alternative to relying on oil and other fossil fuels, but even that claim has been disputed by some experts, who argue that it does not apply to US production of ethanol from plants. "It is clear that some biofuels have huge impacts on food prices," said Dr David King, the government's former chief scientific adviser, last night. "All we are doing by supporting these is subsidising higher food prices, while doing nothing to tackle climate change."

Tags: biofuel, food, security, crisis, international, development, world, bank on 2008-07-06 and saved by10 people -All Annotations (0) -About

more fromwww.guardian.co.uk

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Colin Bruce named to #2 post in World Bank's Africa department | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions

Bruce came under fire from critics of the Kenyan government during his tenure for presiding over a nearly twofold increase in Bank disbursements to the country despite what the FT termed "persistent evidence of high-level graft." In March 2008, the Wall Street Journal (WSJ) made available on its website a leaked report by the World Bank's Department of Institutional Integrity (INT) on evidence of corruption in Bank-funded projects in Kenya.

Tags: kenya, bicusa, colin, bruce, world, bank, kibake, development, africa, organizations, international, news on 2008-07-05 -All Annotations (0) -About

more fromwww.bicusa.org

Halifax Initiative

Our mission is to fundamentally transform the international financial system, and its institutions, namely the World Bank, the International Monetary Fund, and Export Credit Agencies. By doing so, we hope to achieve poverty eradication, environmental sustainability and the full realization of human rights.

Tags: world, bank, imf, export, credit, progressive, social, movement, organization, environment, human, rights, labor on 2008-07-01 -All Annotations (0) -About

more fromwww.halifaxinitiative.org

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