Bretton Woods Project
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The Bretton Woods Project works as a networker, information-provider, media informant and watchdog to scrutinise and influence the
World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
and
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
(IMF). Through briefings, reports and the bimonthly diges
''Bretton Woods Update''
it monitors projects, policy reforms and the overall management of the
Bretton Woods institutions The Bretton Woods system of Monetary system, monetary management established the rules for commercial relations among 44 countries, including the United States, Canada, Western European countries, and Australia, after the 1944 Bretton Woods Agr ...
with special emphasis on environmental and social concerns. Created as an independent initiative by a group of British
non-governmental organisation A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...
s (NGOs), it works with an extensive network to press for increased transparency and civil society participation in World Bank and IMF policies and interventions. This includes over, 7000
non-governmental organisations A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...
, policy-makers, journalists, researchers and parliamentarians worldwide. By encouraging information exchange and debate, it seeks to move the Bretton Woods institutions away from simplistic approaches to development. Priority areas include: * World Bank and IMF Roles * structural adjustment and poverty reduction strategies (PRS) * the environment * social issues * the World Bank as knowledge bank * governance and
accountability In ethics and governance, accountability is equated with answerability, culpability, liability, and the expectation of account-giving. As in an aspect of governance, it has been central to discussions related to problems in the public secto ...


Publications and services


''Bretton Woods Update''
is a bimonthly digest of key World Bank and IMF initiatives, controversial policy trends, projects and debate. The Update is read by around 6000 key officials, journalists, NGOs and researchers and is respected as a reliable source of information on the Bretton Woods institutions. It is available on the web, in print or can be emailed as plain text. Th
results of the 2006 survey
of ''Update'' readers is also available.
Briefings and reports
are produced to clarify issues in-depth in non-technical language.


Networking

Networking and
information exchange Information exchange or information sharing means that people or other entities pass information from one to another. This could be done electronically or through certain systems. These are terms that can either refer to bidirectional '' inform ...
among the wide range of people and organisations interested in the World Bank and IMF is one of the key functions of the Bretton Woods Project. It is currently involved in discussions to improve the communication strategies of
international financial institution An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, alt ...
(IFI) watchers, including through networking critical video on the IFIs. In addition to NGOs, academics, parliamentarians, journalists and activists worldwide, the Project facilitates contacts with staff of the Bretton Woods institutions and decision-makers in bilateral aid ministries. It is often asked to advise NGOs in Europe, USA and the
Global South Global North and Global South are terms that denote a method of grouping countries based on their defining characteristics with regard to socioeconomics and politics. According to UN Trade and Development (UNCTAD), the Global South broadly com ...
planning meetings, reports and campaigns. Many members of governmental and intergovernmental organisations also contact the Bretton Woods Project for briefings or to find out about NGOs working on particular issues.


Organisational structure and origins

The Bretton Woods Project was established in 1995 by the Development and Environment Group (DEG), a network of UK-based NGOs, to facilitate monitoring of the social and environmental impacts of World Bank and IMF policies and projects. The Project coordinates and consults with the UK BWI network, over 40 organisations working in development, environment and human rights. The Bretton Woods Projec
Steering Group
made up of some members of the DEG, meets on a regular basis to advise and review Project activities. The Project is funded by CS Mott Foundation and the Swedish Society for Nature Conservation and receives in-kind and other support from members of the Development and Environment Group. At present, ActionAid is hosting the Bretton Woods Project.


See also

*
Bretton Woods system The Bretton Woods system of monetary management established the rules for commercial relations among 44 countries, including the United States, Canada, Western European countries, and Australia, after the 1944 Bretton Woods Agreement until the ...
*
Global financial system The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal agent (economics), economic action that together facilitate international flows of financial capital for purposes of investme ...
* ActionAid


External links


Bretton Woods Project


Similar organisations

*
Bank Information Centre (website)World Bank Campaign Europe (website)Global Transparency Initiative (website)
{{Authority control World Bank International Monetary Fund Organisations based in London