Finance, Development & G20

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Intro

This program monitors and encourages citizens’ participation in power shifts and trends that shape economic governance. The West and the institutions it leads (e.g., the World Bank) face greater competition, and emerging market countries, their existing and new institutions (e.g., the China-led Asian Infrastructure Investment Bank) and state-owned enterprises are gaining clout. At the same time, transnational corporations exert more influence (relative to governments and citizens) over governance, especially trade and investment rules. Regional institutions and “club governance” such as the G20, G7 and the BRICS countries play bolder roles in global governance. These trends are especially evident in the race to build infrastructure (e.g., energy, transport, water) to access natural resources and markets. This program explicitly encourages citizens’ participation in developing infrastructure and investment rules that serve humanity and the planet in sustainable ways.

Submission to the World Bank Group and Summary Comments on the Draft Report on Recommended PPP Contractual Provisions

With legal counsel, the Heinrich Boell Foundation prepared this submission to the World Bank Group's consultation on its draft Report on the 2016 Edition of its "Recommended PPP Contractual Provisions". It cautions that the draft "Contractual Provisions" put an inordinate level of risk on governments (with potential fiscal consequences); obstruct the state's "right to regulate" in the public interest (for instance, to protect the environment and human rights); prefer international (rather than domestic) settlement of disputes; and fail to adequately promote contract transparency. 

By Nancy Alexander
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