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Peter Chowla, policy analyst for the Bretton Woods Project, which monitors the World Bank and the IMF, says: 'Part of the reason the fund doesn't have the ability to analyse the crisis well is because the major shareholders haven't wanted it to have a role in overseeing financial markets in their countries. According to the Bretton Woods Project, (BWP) a watchdog and critical think-tank on the World Bank and IMF, "a confidential World Bank memo dated September 2005 and leaked to the Financial Times [of London] in November 2006 finds that three of the Congo's biggest mining contracts over which the World Bank had oversight were approved with 'a complete lack of transparency'. au BRITAIN Bretton Woods Project c/o Action Aid, Hamlyn House, Macdonald Rd, London N19 5PG tel: +44 20 7561 7610 email: info@brettonwoodsproject. |
Bretton Woods Project |
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