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International
Relationships: |
14.12.06 20.09.06 16.09.06 20.04.06 SPECIAL |
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The
World Bank is deeply involved in the economies of developing countries
around the world and plays a major role in UNI sectors in such countries.
Its loan portfolio of approximately $US 200 billion and new loans worth
$US 20 billion annually makes the Bank the most important source of
capital for development and investment. The World Bank’s size, its partnership with the International Monetary Fund and other regional development banks and its influence on private sector capital flows gives it tremendous influence over economic and development policies in developing countries. UNI affiliated unions in less developed nations therefore have a vital interest in the operations of the World Bank. UNI works with the ICFTU’s Washington office to influence the policies of the World Bank and other international financial institutions (IFIs), giving special emphasis to building labor rights into the operations of such IFIs. But UNI is also committed to monitoring the sectoral activities of the World Bank and engaging its staff on behalf of its affiliates. Affiliates with questions or information about World Bank activities in their countries should e-mail the UNI’s Washington representative at jim.sauber@union-network.org |
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