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

Rethinking Bretton Woods | Sat, Jul 4, 2015

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

Rethinking Bretton Woods | Thu, Jun 25, 2015

Infrastructure finance: Can democracy prevail in the global policy debate?

Developing and upgrading high quality, sustainable and resilient infrastructure is at the center of one of the 17 Sustainable Development Goals, which the international community is expected to adopt at a UN-convened Summit in September. Infrastructure is also seen as a sort of cross-cutting issue, since goals that deal with health, education, jobs and agriculture, to name a few, will hardly be achieved without being able to meet the attendant infrastructure requirements.

But the debate of a proposed infrastructure initiative within the United Nations proves to be a revealing case study of how the Group of 20, an informal entity with restricted membership, has been able to influence and pre-empt outcomes in a formal, universal membership institution such as the UN. 

In an article appeared in the Heinrich Boell Foundation’s newsletter G20 Update (Issue # 23, page 14), RBW Project Director Aldo Caliari tells how this is happening in the debate occurring in the context of negotiating the outcome document of the UN Financing for Development Conference which will take place in Addis Ababa in July 2015. (Photo credit: CC/Flickr/Rod with additional graphic work: Heinrich Boell Foundation)