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World Bank may invest in Belarus’ railway sector

The World Bank is considering possible avenues of investment in Belarus’ railway industry, including via public private partnership mechanisms. “The plans were discussed as a group of World Bank specialists met with top officials of the National Agency of Investment and Privatization (NAIP) and representatives of the Economy Ministry, BelTA has learned. NAIP Acting Director Denis Meleshkin presented Belarus’ first public private partnership project. The project envisages the reconstruction of part of the M10 motorway. It has already been approved by the government. A tender to choose the private partner will be organized as the next step.”

Source: export.by

EI on the World Development Report: “One must have a vision to have hope”

Education International urges the World Bank to radically change its approach, which is damaging to workers, democracy and the future of our societies. In an open letter to Jim Yong Kim, Director of the World Bank, general secretary of Education International (EI) David Edwards raises the global union’s concern about the policy views and values contained in the Draft 2019 World Development report (WDR).

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Public development banks: towards a better model

Development banks have become a critical component of the effort to build up poorer economies, but their ways of working are flawed. As a result, their contributions can do more harm than good. many governments are calling on them to expand their contribution in key areas such as sustainable infrastructure, agriculture or industrialisation. In recent years some national Public Development Banks (PDBs) – particularly from BRICS countries (Brazil, Russia, India, China and South Africa) – have emerged as international actors by expanding their remit to financing projects in other developing countries. Not all PDBs succeed, and even the successful ones carry the risk of major negative impacts on development – sometimes due to external factors beyond their control, but more often because of flaws in their design and operation. As a new Eurodad report – published this week as the IMF and World Bank gather for their Spring Meetings in Washington DC – shows, inconsistent performance is partly down to the diverse mandates, roles and operational strategies of the institutions themselves. Eurodad believes some PDBs are failing because they have lost sight of why they were created.

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