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Join in Reviewing the World Bank’s Transparency Policy

March 18th, 2009

The World Bank is currently accepting public comments from civil society groups regarding World Bank Policy on Disclosure of Information. This public comment period will run from March 13 to May 8, 2009. The World Bank has issued a paper calling for revision of its disclosure policy titled: “TOWARD GREATER TRANSPARENCY: RETHINKING THE WORLD BANK’S DISCLOSURE POLICY.” This is available on the World Bank website. Send your comments via email to Disclosure_Consultations@worldbank.org or post comments on the Bank’s website.

The issue of transparency at the World Bank is a major concern to many Non-Governmental Organizations, especially with regard to information on projects and contracts in developing nations. The World Bank’s lending for international development projects ranges from projects in the social sphere, such as health and education, to basic infrastructure. It is a major source of funding for extractive industry projects.

Transparency is of vital importance in helping civil society hold their governments accountable for the development loans they make. A major complaint about World Bank operations in Africa has been that it has not involved parliaments and civil society in the process of negotiations with African governments. This situation has made it difficult for citizens in Africa to hold government officials accountable.

Learn more at Bank Information Center

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