The World Bank’s World Development Report for next year will tackle the thorny questions of which institutions can direct economic, social and environmental policies in an age of globalization.
For about a decade the World Bank has made occasional statements that countries should move away from orthodox national accounts and integrate environmental and social costs and benefits.
A major new Policy Research Report by the Bank argues that it is pointless to provide aid money to countries unless they have certain economic policies and a good institutional environment.
In September the World Bank organised an electronic consultation on its planned poverty World Development Report, due out October 2000.
Given the lack of clarity and satisfaction about how WDRs are produced, and the difficulty of persuading the authors to recognise and include alternative views, the Bretton Woods Project has written to the Bank asking for a formal explanation.
A new report, commissioned by the Government of Norway, reveals that the World Bank has a long way to go in clarifying and operationalising its poverty reduction objectives.
The Bretton Woods Project has been working with Both ENDS and other organisations to discuss a possible meeting to discuss the fundamental way that the World Bank/IMF measure development: economic growth.
Drafting the 1998 World Development Report has proved so controversial that one of its co-authors resigned and the Board asked for changes which delayed its print schedule.
The 2000 Report will tackle poverty and be led by Ravi Kanbur, of Cornell University in the USA, working with a team of Bank staff including Michael Walton, Director, Poverty Reduction.
The Bretton Woods Project is about to be sent the yellow cover draft of the Bank’s 1998 World Development Report.