Sharing with you a short commentary on the "From billions to trillions" document released jointly by all the heads of the multilateral development banks and the IMF. The article notes that this emerging “consensus” on financing the post-2015 development agenda not only holds up the private sector as the engine of growth and innovation, it promotes private finance as the fuel of development.
It warns that if this emerging consensus — together with the new “free trade” agreements in the offing such as the Trade in Services Agreement and Trans-Pacific Partnership — come to dominate development policy in the post-2015 era, then we can expect a new wave of privatization and financialization with even more dire consequences than the old Washington consensus.
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