Rethinking Bretton Woods | Tue, Sep 28, 2004
The Center of Concern organized an effort to write to the World Bank President, Mr. James Wolfensohn, to denounce the World Bank's weighin on one side of ongoing WTO trade negotiations. As negotiations to achieve a framework agreement at the WTO were going on, a World Bank official criticized an element of a proposal by the European Union that would have exempted poor countries from having to make substantial tariff cuts. "We do not believe that it is appropriate for an institution like the Bank to formulate an assessment of a country’s trade negotiating offer, as it has happened in this case, no matter its substance." , the organizations said in the letter.