IFIs Latin American Monitor - July, 2008


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-> Third High Level Forum on Aid Effectiveness: 2-4 September 2008, Accra, Ghana
In September 2008, ministers from over 100 countries, heads of bilateral and multilateral development agencies, donor organisations, and civil society organisations from around the world will gather in Accra for the Third High-Level Forum on Aid Effectiveness (2-4 September). Their common objective is to help developing countries and marginalised people in their fight against poverty by making aid more transparent, accountable and results-oriented.

-> G8 Summit 2008: 7-9 July, Hokkaido, Japan
The leaders of the world's most industrialised nations gathered in Japan for the Group of Eight (G8) Summit, an international forum for the governments of Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States. The discussions held topics such as climate change, food shortage, rising global fuel prices, nuclear proliferation and development, especially in Africa. Each year, CSOs launch a counter-summit to analyze hot topics and official reports.

*** All events


-> Southern Bank: An alternative to the IFIs?
This special coverage includes information and analysis on the constitution process of the Southern Bank: official documents, civil society initiatives and analysis on the negotiations to set out the Bank guidelines.

-> World Trade Organization - WTO
Trade at the service of people, or people subjected to trade? The WTO makes the difference.


-> World Bank funding in Latin America 2008-09
At the beginning of Robert Zoellick's World Bank presidency, the institution included middle-income countries as one of its six strategic themes. Recently, Pamela Cox, World Bank vice president for Latin America and the Caribbean released preliminary figures at the close of fiscal year 2008 and forecasts for 2009. The announcement includes loans by 5,000 million dollars for next year.
Source: IFIs Latin American Monitor

-> World Bank Group announced a Sustainable Infrastructure Action Plan
The Sustainable Infrastructure Action Plan (SIAP), to be implemented over the next three years, will focus on financing and advisory services in energy, transport, water and information and communications technologies. This plan suposes a significantly increase of resources compared to the previous four-year period. It is estimated to reach US$59-72 billion in fiscal years 2008-2011, while in the latest period this amount was US$41 billion.
Source: IFIs Latin American Monitor

-> Evaluation of IDB Action in the Initiative for Integration of Regional Infrastructure in South America (IIRSA)
The IDB recently published the document Evaluation of IDB Action in the Initiative for Integration of Regional Infrastructure in South America (IIRSA) carried out by the Office of Evaluation and Oversight (OVE) for the period 2000-2008. This evaluation approved by the Board after three months of debate, includes strong criticism of the Bank activity and the inability to prove its aggregate value in the 8 years it has joined the IIRSA initiative.
Source: IFIs Latin American Monitor

-> World Bank criticizes its own policy of environmental sustainability
The Independent Evaluation Group (IEG), the World Bank’s internal watchdog, released its newest assessment of the Bank’s record on the environment. The evaluation analyzes the effectiveness of the World Bank Group in addressing the environmental sustainability of its programs in developing countries. The review examined some of the $400 billion in investments in nearly 7,000 projects from 1990 to 2007. According to Environmental Defense Fund, the news is not good.
Source: IFIs Latin American Monitor


* Public debt: Who ows who?
The announcement of Brazil’s upgrade to the net external creditor position was very welcome by the Brazilian Government’s financial authorities as a triumph of our economic policy. According to the government, for the first time and thanks to the high level of our international reserves, we have sufficient resources to pay off the external public and private debt if we wished to do so. That joy, however, is justified only from a strictly political perspective, since from a financial point of view the external debt is today a minor problem, compared to the internal debt, and the payment of both still represents an obstacle to progress on pressing social needs for the country. (pdf format)
Author: Gabriel Strautman
Source: Rede Brasil - Jubilee South


* Internal review says World Bank must reform its approach to the environment, by Environmental Defense

* UN Human Rights Council appointed a new Independent Expert on the effects of foreign debt on the full enjoyment of human rights

*** All Statements

7. NGOs

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*** NGOs directory


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