BICECA

IDB Rush to Increase Capital Fails G-20 Stress Tests

Friday, October 16, 2009

Friday, October 16, 2009

Dear Friends,

It’s a pleasure to share this edition of the BICECA Monthly Bulletin- October 2009. 

In this edition you will find “A Serious Crisis Should Never go to Waste: IDB Rush to Increase Capital Fails G-20 Stress Test”, a summary of an in-depth analysis of the IDB’s eligibility for a General Capital Increase.  The reported $180 billion GCI request is the ninth and largest by far in the IDB’s fifty year history – more than four times any prior GCI.  The report by Vince McElhinny provides a scorecard of the IDB’s performance across six key areas and offers recommendations for reform before a recapitalization is approved.  

The complete bulletin with images and footnotes in PDF format:

IDB Rush to Increase Capital Fails G-20 Stress Tests (PDF, 662KB)

We would also like to share with you the work that BICECA has been supporting and doing. We invite you to visit our web page and read new articles and publications from the past few weeks:

Visit our front page in Spanish as well as problem project updates.  Watch for upcoming project pages in English (currently in development).   

§  Represa Hidroelectrica Inambari (new documents on public informative workshops available)

§  Complejo Hidroelectrico Rio Madeira

§  Corredor Manta-Manaos

§  Carretera Inter_Oceanica Sur (new presentations on EIAs available)

§  Entendiendo los Estudios Ambientales Estrategicos (EAEs) 

BICECA’s IIRSA page will be available soon, where you will find new information about the future of the initiative, analyses of proposed alternatives for regional integration and an action plan.  We invite everyone to participate to foster greater coordination.

and in our front page in English:

• World Bank Transparency Review 
• World Bank and Climate Change
• IFC Policy and Performance Standards Review
• World Bank and the Forest Carbon Partnership Facility

About the BICECA Bulletin

BICECA Monthly Bulletin – Building Informed Civic Engagement for Conservation in the Amazon-Andes– a project of the Bank Information Center (BIC).  

By means of this bulletin, the BICECA project of the Bank Information Center brings you relevant, up-to-date news and information regarding the various policies and projects related to the South American Regional Infrastructure Integration Initiative (IIRSA).  This publication is written for a diverse audience of civil society organizations, indigenous groups, students, academics and other individuals and organizations that follow the policies and projects of the international finance institutions involved in the IIRSA initiative.

This bulletin is a civil society publication written for civil society whose contributors come from diverse fields and countries.  Featured authors are generally researchers that study and work on issues related to the IIRSA Integration Initiative. 

We look forward to your comments, suggestions and corrections.  

Best,

Vincent McElhinny BICECA Project Manager, Bank Information Center/ 1100 H St. NW Ste 650  Washington DC 20005 / DC (202) 624-0621 /  mobile: (240) 486 - 4224 TX (210) 348-7363 / fax: (202) 737-1155 vmcelhinny@bicusa.org / skype: vince.mcelhinny  

Christian Velasquez-DonaldsonBICECA Project Associate, Bank Information Center/ 1100 H St. NW Ste 650  Washington DC 20005 / DC (202) 624-0627  / fax: (202) 737-1155 / cdonaldson@bicusa.org / skype: cvdonaldson1

Greetings from everyone on the BICECA Team.