IFTI Watch

  • 7 June 2004

    NGOs Criticize EIB on Transparency, Other Grounds

    A coalition of nongovernmental organizations June 1 issued a broad critique of the European Investment Bank, including the criticism that the EIB is "the least transparent, least accountable and least democratically controlled institution in the family of agencies entrusted with implementing EU policies and among public financial institutions." The "Public Funds for Public Benefit" was […]

  • 28 May 2004

    World Bank Board Poised for Breakthrough on Disclosing Draft Documents

    The World Bank Executive Board is poised to consider three significant improvements in its disclosure policy, including the experimental release of certain key staff documents at the same time they are sent to the board. Such a "pilot project" would begin to address a long-standing set of demands from disclosure activists dating back to 1992. […]

  • 6 May 2004

    ADB Holds First Consultation on Public Communications Policy

    JAKARTA – The Asian Development Bank (ADB) met with Indonesian organizations in Jakarta April 27 to discuss its draft Public Communication Policy. Nongovernmental organizations involved in the first of 12 planned ADB consultations came to the conclusion that they were pleased with the ADB’s proposals to release some information that used to be secret, but […]

  • 13 April 2004

    EU Parliamentary Committee Rejects Criticisms of EIB

    A committee of the European Parliament on April 6, 2004 rejected virtually all of the criticisms of the European Investment Bank by Spanish delegate Monica Ridruejo. According to supporters of Ridreujo, the Economic and Monetary Committee (EMAC) "completely watered down" the Ridruejo proposals for good governance, transparency and accountability at the EIB. Ridruejo voted against […]

  • 13 April 2004

    African Development Bank Issues New Disclosure Policy

    The African Development Bank on March 30, 2004 published a new disclosure policy going further than other international financial institutions in the release of draft documents. The new policy is available here. Perhaps the most interesting aspect of the draft AfDB policy announced in October was the flirtation with the release of draft Country Strategy […]

  • 18 March 2004

    EU Committee Defers Action on Report Critical of the EIB

    A committee of the European Parliament, to the surprise of some observers, did not flatly reject Spanish parliamentarian Monica Ridruejo’s critical report about governance and transparency at the European Investment Bank. Instead, the Committee on Economic and Monetary Affairs on March 16 opened up the door to amendments to the report and a vote on […]

  • 18 March 2004

    ADB Sets Dates, Places for Transparency Policy Consultations

    The consultation schedule for the disclosure policy review is now available on the ADB’s website. Date Location Contact Person 21 April 2004 Suva, Fiji Islands Mr. Bart W. Édes Office of External Relations, ADB Manila, Philippines Tel: +63 2 632 5293 Email: bedes@adb.org 23 April 2004 Sydney, Australia Mr. Bart W. Édes Office of External […]

  • 15 March 2004

    Spanish Member of European Parliament Criticizes European Investment Bank

    The European Investment Bank "fails to comply with good corporate governance" and does not disclose enough information to the public, according to controversial criticisms in a report prepared by a Spanish member of the European Parliament, Monica Ridruejo. After months of delay that Ridruejo considers intentional, her report will by taken up March 16 by […]

  • 10 March 2004

    World Bank Staff Backs More Disclosure by Extractive Industries

    The World Bank Group should begin requiring that extractive industries receiving Bank loans disclose what payments they make to governments, according to an internal Bank document obtained by freedominfo.org. The revenue disclosures, however, should not begin for two years for existing loans, according to Bank staff recommendations, the "draft management response" to external and internal […]

  • 10 March 2004

    ADB Offers Draft Transparency Policy, Requests More Comment

    The Asian Development Bank has issued a proposal to revise its disclosure policies and called for further public comment by May 28. Although the Feb. 28 draft does not propose dramatic changes, such as the disclosure of certain key draft documents, it does include numerous suggestions for more disclosure. The accompanying report is exuberant about […]

  • 24 February 2004

    Parliamentarians Flex Growing Organization, Make Request of Bank

    The chairman of an international group of parliamentarians has asked the World Bank to help assure a larger role for legislatures in setting the poverty-fighting strategies within their countries. The request marks one of the first times the parliamentarians have proposed a significant and specific policy change, according to persons familiar with the group’s history. […]

  • 24 February 2004

    IMF Seeks Comment on Relations with Parliamentarians

    The International Monetary Fund has asked for public comment on recommendations that the Fund staff increase their interaction with parliamentarians. While supportive of expanded IMF dialogue with parliamentarians, the recommendations of an internal working group also suggest limitations. The staff is cautioned against doing anything with legislators that would subvert the bargaining authority of government […]

  • 10 February 2004

    IFC Rejects Request to Translate Document into Hindi

    The International Finance Corporation recently rejected a request by an Indian group to translate an environmental report about a hydropower project into the local language, Hindi. The rejection means “the documents are available to the whole world, but sorry, affected people cannot be given it in the language they understand,” reacted Humanshu Thakkar Jan. 6 […]

  • 10 February 2004

    IFC Announces Disclosure Policy Review, Seeks Comments

    The International Finance Corporation, the private sector lending wing of the World Bank, said in mid-January that it would accept comments on its current disclosure policy until March 12. The call for public comments in a period of less than two months appeared on the IFC web site, but was not announced by an IFC […]

  • 10 February 2004

    World Bank Divided on Disclosure of Country Performance Ratings

    The World Bank is considering making a small step toward disclosing more information about its “country performance ratings” for the 81 poorest borrowing countries, but a minority of executive directors appears to have successfully resisted full disclosure. Derived by the Bank staff from a multi-component scoring system, these ratings influence funding levels. They are discussed […]

  • 10 February 2004

    World Bank Board to Meet in March on Disclosure Policy

    The World Bank Executive Board will return to the topic of disclosure policy at a meeting in March 2004, to again address whether to disclose more draft documents and board minutes. The board last deferred action on these topics, asking for more Bank staff research. In the intervening six months, the research appears to have […]

ABOUT IFTI WATCH

In this column, Washington, D.C.-based journalist Toby J. McIntosh reports on the latest developments in information disclosure in International Financial and Trade Institutions (IFTI).
Contact: freeinfo@gwu.edu or
1-(703) 276-7748