Canada, the Bank and Fund - Statements and submissions
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We provide alternative perspectives on issues relating to the World Bank, International Monetary Fund and Export credit agencies (International Financial Institutions or IFIs), and issues including international debt, IMF and World Bank conditionality, environmental standards, human rights and international finance, IFI governance and accountability, corporate accountability.
The UN Working Group on Business and Human Rights held its first forum on December 4 and 5 in Geneva. The Halifax Initiative spoke at the forum on a panel concerning public financial institutions and human rights. ECA-Watch, CIEL and BankTrack disseminated the attached document at the forum containing analysis and recommendations regarding financial institutons and human rights.
Article prepared for the 'Global Capital, Global Rights' workshop convened by SFU and UBC. The text discusses civil society efforts in support of Bill C-300, legislation that sought to create accountability mechanisms regarding the provision of government support to Canadian extractive companies that operate overseas.
The international civil society network, ECA-Watch, provides substantive input on the latest iteration of the OECD 'Common Approaches' regarding export credit agencies.
The IMF has committed itself to ending European dominance of selection of its managing director, and introducing an open, merit-based and transparent process. This paper sets out the three key elements to ensuring a successful process next time: a focus on selecting the best candidate available; a clear, fair, and transparent process; and the legitimacy gained from the backing of a majority of countries as well as IMF voting shares.