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World Bank, IMF and Human Rights: Conference held at Tilburg University, 11-13 October, 2001

Published online by Cambridge University Press:  06 March 2019

Extract

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The twin Bretton Woods institutions, comprising the World Bank and the International Monetary Fund (IMF), have in the past decades come under increased and intensified scrutiny, in particular as regards the social and environmental consequences of their activities. International awareness and criticism of the negative impacts of Bank and Fund projects grew during a period of time in which the concept of development has been entirely reconceptualized: Development is no longer measured in economic terms only, but understood as “a comprehensive economic, social, cultural and political process, which aims at the constant improvement of the well-being of the entire population and of all individuals.”

Type
Letter
Copyright
Copyright © 2002 by German Law Journal GbR 

References

(1) Robinson, Mary, United Nations High Commissioner for Human Rights, “Foreword” in: The World Bank, Development and Human Rights: The Role of the World Bank, 1998, p. 7.Google Scholar

(2) The World Bank Group consists of the International Bank for Reconstruction and Development (IBRD); the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement and Investment Disputes (ICSID).Google Scholar

(3) Cf., e.g., the Declaration on the Right to Development, adopted by General Assembly resolution 41/128 of 4 December 1986, see http://www.unhchr.ch/html/menu3/b/74.htm.Google Scholar

(4) See, e.g., Sub-Commission resolution 1998/12, United Nations, Economic and Social Council, Sub-Commission on Prevention of Discrimination and Protection of Minorities, Human rights as the primary objective of trade, investment and financial policy, UN Doc. E/CN.4/Sub.2/Res/1998/12, 20 August 1998.Google Scholar

(5) ‘World Bank, IMF and Human Rights', Working Document, September 2001 (unpublished).Google Scholar

(6) Globus is a center for multi-disciplinary research in the areas of globalization and sustainable development founded in 1998 as an inter-faculty institute at Tilburg University (The Netherlands). Website: http://globus.kub.nl.Google Scholar

(7) Cedar International is an International Forum for the Implementation of Economic, Social and Cultural Rights, with a facilitating Centre for Dignity and Rights.Google Scholar

(8) De Feyter has published in 2001 a book on “World development law: sharing responsibility for development”.Google Scholar

(10) Professor of Political Economy, Institute of Social Studies, The Hague, and Professor of Political Economy of Human Rights, Utrecht University.Google Scholar

(11) See also, Dollar, D., Globalisation, Inequality, and Poverty since 1980 (2001), available at http://econ.worldbank.org/files/2944_globalization-inequality-and-poverty.pdf; and the most recent study of the World Bank, Globalization, Growth and Poverty: Building an Inclusive World Economy (2001), description available at http://www.worldbank.org/developmentnews/stories/html/120601a.htm.Google Scholar

(12) For an in-depth analysis of this question, see Skogly's recently published book, Sigrun Skogly, The Human Rights Obligations of the World Bank and the International Monetary Fund, London, Cavendish, 2001.Google Scholar

(13) Professor of International Law, Leuven University.Google Scholar

(14) Prof. Perez-Bustillo refers to the recent wave of constitutional recognition of indigenous rights as “multicultural constitutionalism.”Google Scholar

(15) Caso de la Comunidad Mayagna (Sumo) Awas Tingnis vs. Nicaragua (Case of the Indigenous Mayagna Community of Awas Tingni), the full Spanish text and excerpts from the English text and an English summary are available on-line through the web-pages of the Indian Law Resource Center, at http://www.indianlaw.org/awas_tingni_sentencia_de_la_co.htm.Google Scholar