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rbw/bank-funds-role-financing-development-july-2015

The Bank & Fund's role in Financing for Development (July 2015)

Rethinking Bretton Woods | Sat, Jul 4, 2015

In a briefing authored by Center of Concern team member Aldo Caliari,“UN Financing for Development: the Fund and Bank’s role & influence,” he reflects upon the often problematic role played by the IMF and World Bank in the negotiations leading up to the UN's Financing for Development (FFD), to be held later in July in Addis Ababa. The briefing was published by the UK-based Bretton Woods Project on its “At Issue” edition of its bulletin “The Observer.”

“CSOs see FFD as a potential lever to secure better policies from the World Bank and IMF and for their overall positioning within the architecture of international organizations,” Caliari says. Kicking off three critical UN summits held in 2015, the FFD summit has the potential to shape positive reforms for years to come, but that prospect still hangs in the balance.