The Parliamentary Network on the World Bank & International Monetary Fund

The Parliamentary Network on the World Bank & International Monetary Fund (French: Réseau parlementaire sur la Banque mondiale et le FMI) is an independent inter-parliamentary organization aiming to increase transparency and accountability in international financial institutions.,[1] notably the World Bank Group and the International Monetary Fund. It consists of over a thousand legislators from 158 World Bank Group and IMF member countries.

Parliamentary Network on the World Bank & International Monetary Fund
International SecretariatParis
Official languagesEnglish
French
Leaders
• Chairman
Jeremy Lefroy
• Vice-Chair
Percy E. Downe
• Vice-Chair
Olfa Soukri Cherif
• Vice-Chair
Nathan Nandala-Mafabi

History

The Parliamentary Network on the World Bank & IMF was founded in 2000 as an independent, non-governmental organization providing a platform for advocacy for Parliamentarians from IMF and World Bank member countries;.[2] The Network has formed partnerships with numerous organizations, including: the World Bank,[3] the IMF,[4] the OECD, the Inter-Parliamentary Union, GOPAC, GLOBE,[5] Transparency International, etc.

Structure and governance

The Parliamentary Network is governed by the Board of Directors currently composed of 10 members elected every two years. The members of the Board represent the regions of MENA, Europe, Africa, Latin America, East Asia, and World Bank donor countries. Membership in the Network is open to all elected or nominated parliamentarians from World Bank and IMF member states who currently hold a mandate.

The International Secretariat of the Network is based in Paris, France.

Objectives

The Parliamentary Network on the World Bank & IMF is principally focused on increasing transparency and accountability of the World Bank Group and the International Monetary Fund by:

  • Strengthening the understanding of the work of the World Bank Group and International Monetary Fund among parliamentarians
  • Providing a channel for parliamentarians to inform the World Bank Group and IMF of legislative priorities on behalf of their constituents
  • Ensuring that the voice of parliamentarians is heard on the subjects in which the WBG and IMF have a key role[6]
  • Conducting research and share information among members on topics which are of international concern and interest[7]

Activities

Global Parliamentary Conference (GPC)

Every year, the Parliamentary Network on the World Bank & IMF organizes, jointly with the World Bank Group and the International Monetary Fund, the Global Parliamentary Conference. The conference brings together legislators, the IMF and World Bank leadership.[8]

YearCityCountry
2018Washington DCUnited States
2017Washington DCUnited States
2016Washington DCUnited States
2015Washington DCUnited States
2013Baku[9]Azerbaijan
2010BrusselsBelgium
2008ParisFrance
2007Cape TownSouth Africa
2005HelsinkiFinland
2004ParisFrance
2003AthensGreece
2002BernSwitzerland
2001LondonUnited Kingdom
2000The HagueThe Netherlands

Field Visits

The Parliamentary Network organizes visits for parliamentarians to on-the-ground development projects supported by the World Bank and the IMF. To this day, its members have participated in visits to Albania, Burkina Faso, Burundi, Cambodia, Democratic Republic of the Congo, Ethiopia, Ghana, Haiti, Indonesia,[10] Kenya,[11] Laos, Madagascar, Mongolia, Montenegro, Mozambique, Nicaragua, Nigeria, Peru,[12] Rwanda, Serbia, Sri Lanka, Tanzania, Uganda, Vietnam[13] and Yemen.

Chapters

National and regional chapters[14] are parliamentary discussion groups organized by a local initiative which aim to strengthen the position of parliamentarians among international financial institutions and other development stakeholders[15] and facilitate regular interaction between local and regional legislators and staff in World Bank and IMF country offices, including consultations on Country Assistance Strategies, Public Expenditure Reviews, World Bank and IMF policies and programmes [16]

Special events

The Parliamentary Network regularly participates in a number of special events including global summits, parliamentary assembly caucuses and economic briefing sessions.

References
  1. Markus Krajewski, Legitimizing Global Economic Governance Through Transnational Parliamentarization: The Parliamentary Dimensions of the WTO and the World Bank. Retrieved December 30, 2010
  2. Bretton Woods Project Inside the institutions: the Parliamentary Network on the World Bank & IMF. Retrieved November 29, 2017
  3. World Bank Parliamentarians - Partners. Retrieved July 7, 2017
  4. International Monetary Fund Legislators and the IMF. Retrieved July 7, 2017
  5. GLOBE Legislators GLOBE Delegation at 2015 World bank & IMF Parliamentary Conference. Retrieved July 7, 2017
  6. Bretton Woods Project Legislators courted but oversight insufficient. Retrieved August 14, 2017
  7. AGORA Parliamentary Network publications. Retrieved July 7, 2017
  8. 'Davos Every Day' Parliamentarians' ideas enrich the Spring Meetings debate, advancing the Good Governance agenda. Retrieved July 7, 2017
  9. Azernews WB an IMF Parliamentary Network to hold annual conference in Baku. Retrieved May 17, 2013
  10. ASEAN Inter-Parliamentary Assembly 2016 Field Visit to Indonesia. Retrieved July 4, 2017
  11. World Bank MPs discover value of IDA during Kenya Field Visit. Retrieved July 4, 2017
  12. Women Political Leaders WPL Parliamentary Network on the World Bank & IMF to visit Peru, 1–5 March 2015. Retrieved February 2, 2015
  13. Vietnam Plus NA leader receives WB-IMF Parliamentary Network delegation. Retrieved March 7, 2018
  14. Businessnews.com.tn Installation du bureau du réseau parlementaire sur le FMI et la BM dans la région Mena. Retrieved July 7, 2017
  15. Nessma.tv طلاق فرع الشبكة البرلمانية للشرق الأوسط و شمال افريقيا في تونس . Retrieved July 6, 2017
  16. Radio Express FM Expresso avec Olfa Soukri, 2 Décembre 2016. Retrieved July 7, 2017
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.