The changing face of global development finance
In 2007 Brazil’s Development Bank issued loans worth more than double the entire World Bank portfolio. More than half of the increase in aid since 2002 comes from debt relief, rather than new funding commitments. What’s more, from 1995-2005, Africa saw no net increase in its development aid despite a 35% increase in commitments to global aid over that period. In 2007, China financed more infrastructure projects in Africa than all multilateral and bilateral donors combined. The Gates Foundation provides more funding for neglected developing country diseases than all of the Group of Seven. These were some of the facts that emerged at an HI conference on “The Changing Face of Global Development Finance - Impacts and implications for aid, development, the South and the Bretton Woods Institutions.”

February 29, 2008
The Honorable Ban Ki-Moon
Secretary General
United Nations
New York, NY

Dear Secretary General:

At the end of this year, governments of the world will meet in Doha, Qatar to evaluate progress in implementing the Monterrey Consensus. One of the critical elements of this consensus is the issue of external debt and its role in financing for development.

Corruption back on the Bank’s agenda?
Evidence of serious fraud and corruption has emerged in five Bank-funded health projects in Orissa, India. The $570 million for malaria, tuberculosis and HIV-AIDS control was implemented from 1997 to 2003. The charges emerged from a Detailed Implementation Review (DIR) of projects in India begun in 2006, a process itself triggered by evidence of corrupt practices by two pharmaceutical companies involved in another Bank health scheme. The Indian government has pledged to take “exemplary punishment” of the parties involved.
 

November 5, 2007

Ms. Karyn Keenan
Program Officer
Halifax Initiative
104-153 Chapel Street
Ottawa ON KIN 1H5

Dear Ms. Keenan:

This is in response to your letter of September 17. Your letter contains many questions and comments which I will answer by focusing on the key issues that you raise.

The first issue raised refers to Export Development Canada’s practices related to public consultations and whether this is a requirement of our environmental review process.

Members of the Export Credit Group
OECD
2, rue André Pascal
F-75775 Paris Cedex 16
Fax: c/o 01 44 30 61 58
Email: c/o Xcred.Secretariat@oecd.org

Paris, 5 November 2007

Dear Sir/Madam,

People’s Tribunal Examines World Bank Influence in India
Over sixty social movements, unions, academics, and local NGOs gathered for four days in New Delhi to examine how decades of World Bank policies and projects have affected the country’s economic and social landscape. Testimony, evidence, and research were heard by a 15 member jury of prominent activists, community leaders, retired justices, and academics in an effort to comprehensively assess the costs and benefits of World Bank assistance.

Beyond Wolfowitz: merit and leadership at the World Bank

Paris, 20 April 2007

For pdf version, click here.

Office of the High Commissioner for Human Rights,
in Cooperation with the Special Representative of the Secretary-General for Human Rights and Transnational Corporations and other Business Enterprises

Consultation on Human Rights and the Financial Sector

February 16, 2007, Geneva