Canadian Executive Director

Letter to Ministers Flaherty and Cannon re debt cancellation for Haiti - February 1, 2010

Hon. James Flaherty 
Minister of Finance
Department of Finance Canada
140 O’Connor Street 
Ottawa, ON  K1A 0G5
Hon. Lawrence Cannon
Minister of Foreign Affairs
Foreign Affairs and International Trade Canada
125 Sussex Drive    
Ottawa, ON  K1A 0G2

1st February 2010

Ref: Immediate debt cancellation for Haiti

Dear Ministers Flaherty and Cannon,

We are writing to commend the government’s efforts to date to mobilise emergency assistance for disaster relief in Haiti and for speaking to the urgency and importance of debt cancellation for the country. The call to cancel Haiti’s remaining multilateral debt, including last week’s highly concessional $102 million loan from the IMF, benefits from a strong Canadian voice. We urge you to keep demonstrating such leadership in the government’s interventions at the Bretton Woods Institutions, and at Haiti’s largest multilateral creditor, the Inter-American Development Bank (IDB).

Letter to IMF Head Strauss-Kahn from over 90 groups re. civil society participation in IMF study on how the financial sector can help pay for the bailouts - November 11, 2009

November 11, 2009

Dominique Strauss-Kahn
Managing Director
International Monetary Fund,
700 19th Street, N.W.,
Washington, D.C. 20431

Dear Mr. Strauss-Kahn:

Re: Request for civil society participation in IMF study on how the financial sector can help pay for the bailouts 

In September, the Group of 20 (G20), at their summit in Pittsburgh, mandated the International Monetary Fund (IMF) with preparing a report ahead of the next G20 summit in June 2010 to consider “how the financial sector could make a fair and substantial contribution toward paying for any burdens associated with government interventions to repair the banking system.”

John Davies

Rethinking global development finance – perspectives from the Canadian government

John Davies, Director and IDA Deputy, International Finance and Development Division, Finance Canada

Government of Canada: 

FAQs - Canada, the World Bank and the International Monetary Fund

Action Alert Archives : August 21, 2003

The World Bank and other donors have vowed to fight corruption, which undermines development and democracy. Yet their focus is consistently only on corrupt acts perpetrated by poor country governments, when it actually takes two to tango.

"There is always somebody who pays, and international business is generally the main source of corruption", said none other than the billionaire financier, George Soros.

Monthly Issue Update - April 30, 2007

Wolfowitz & World Bank in the spotlight over scandal
While the World Bank's executive directors have yet to make a decision on the future of president Paul Wolfowitz, calls for the former U.S. deputy defence secretary’s resignation are gaining momentum. The Bank’s Independent Evaluation Group (IEG), which assesses the degree to which the Bank's work meets its stated objectives, issued a formal statement described by the Financial Times as a “searing indictment of Paul Wolfowitz's leadership.”

Report Card on Finance Canada's 2006 Annual Report to Parliament on the BWIs - April 25, 2007

PDF of full Report Card available here | Microsoft word available here

The Canadian Government, the World Bank and the International Monetary Fund:

Every year at the end of March, the Minister of Finance tables the “Report on Operations under the Bretton Woods and Related Agreements Act”. The Bretton Woods Conference in 1944 established the World Bank and International Monetary Fund (IMF), and this report details Canadian priorities, commitments and interests over the past fiscal year at these institutions. The annual reports to Parliament are important tools for assessing the government’s actions within these institutions relative to its foreign policy and development objectives, and for informing Parliament and the Canadian public about Canadian priorities at these important multilateral fora. Canada is among a number of countries that report to Parliament on their activities at these institutions.


Subscribe to RSS - Canadian Executive Director