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The Washington Consensus is a set of ten economic policy prescriptions considered in the 1980s and 1990s to constitute the "standard" reform package promoted for crisis-wracked developing countries by the Washington, D.C.-based institutions the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. [1]
Policymakers around the globe should not react in haste to announcements by U.S. President Donald Trump's administration, and be prepared to argue their case, World Bank President Ajay Banga told ...
The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
On 19 January, the Gaza war ceasefire was implemented, halting fighting in the Gaza Strip. On 20 January, American president Donald Trump was inaugurated for the second time and later issued an executive order rescinding sanctions against some Israeli settlers and settler groups accused of anti-Palestinian violence in the West Bank. That same ...
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
The World Bank strongly disputes that its money supported the mass evictions in western Ethiopia. Even as Anuak refugees and human rights groups have publicly charged that World Bank money has been used to bankroll brutal evictions, the bank has continued to send hundreds of millions of dollars into the same health and education program.
World Bank policies explicitly state that residents without title still qualify for compensation and resettlement assistance. Planning for Sardar Sarovar began with an “elaborate Government pantomime of conducting studies to estimate the actual project costs and the impact it would have on people and the environment,” the famed Indian ...
Once the Panel has received and registered a request for inspection, the eligibility phase of the Inspection Process commences. Beginning on the day of registration the World Bank's management has 21 days to provide the Panel with evidence that it complied or intended to comply with the Bank's relevant policies and procedures.