Uganda Revenue Authority has turned its focus on small traders and VAT law enforcement after the World Bank funding freeze.
Articles on World Bank loans
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Since the 1990s, transnational corporations have once again become the dominant force as owners and managers of major mining projects.
The World Bank’s funding freeze reflects a shift from policy imposition to indirect ways of controlling client nations.
It’s a crucial time for the World Bank, with growing calls for reform and sky-high expectations of what one leader needs to do. A former World Bank official explains the challenges ahead.
Thirty years ago the World Bank recognised that its position was untenable. It put in place mechanisms to make the bank more accountable to ordinary people.
The biggest issues at COP27 involve financing for low-income countries hit hard by climate change. A former World Bank official describes some promising signs she’s starting to see.
Ghana’s sovereign risk has been downgraded to near junk status by ratings agencies in recent times.
The World Bank board operates on the basis of reaching decisions by consensus. This means that any executive director must earn the respect of their colleagues to affect change.
Top contributors
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Professor of Practice in Climate Policy, University of Oxford
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Reader in International Development, University of Bath
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Associate Lecturer, University of Aberdeen
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Extraordinary lecturer at the Centre for Human Rights, University of Pretoria
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Research Professor, Norwegian Institute of International Affairs
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Research Associate, World Institute for Development Economics Research (UNU-WIDER), United Nations University