annuals-horitzontal

IFI governance

Analysis

World Bank-IMF annual meetings 2016

Bretton Woods Project coverage of the 2016 annual meetings in Washington DC with analysis of the communiqués and notes from key civil society and official meetings.

27 September 2016
No tax havens! Credit: GUE/NGL Action in Plenary chamber

Finance

News

IFC's (ir-)responsible tax investment policy

Civil society organisations have demanded that the IFC develop a responsible tax policy that ensures that IFC investments are consistent with its development mandate and do not support companies utilising aggressive or abusive tax practices.

23 September 2016
IMF MD Lagarde in discussion with German finance minister Wolfgang Schäuble at April 2015 G20 meeting - credit: IMF

Conditionality

Analysis

IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal

IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.

23 September 2016
Safeguards protest. Credit: International Accountability Project

Rights

News

World Bank approves new “diluted” safeguards

World Bank approved new safeguards after a four year process. Civil society warned of loopholes in new Bank safeguards, its reliance upon “borrower systems”, the lack of references to LGBTQ people and to recognised core ILO labour standards.

23 September 2016
International Monetary Fund Managing Director Christine Lagarde meets with women leaders, January 2016 in Douala, Cameroon. 
IMF Staff Photo/Stephen Jaffe

Finance

News

IMF increasing its influence in sub-Saharan Africa

As the world economy continues to stutter, many sub-Saharan African countries are turning to the Fund for financial support, though the Funds are coming with strict conditions to restrict spending.

23 September 2016
Box-ticking

IFI governance

Analysis

World Bank results: "box-ticking" on gender, weak monitoring and evaluation

A new IEG report highlights persistent concerns with the World Bank’s monitoring and evaluation systems and ‘sluggish’ management response, and raises questions about the effectiveness of the Bank’s integration of gender within its operations.

29 June 2016
Campaigners warn of ‘debt iceberg’ at Africa private finance summit, London, November 2015 - Credit: Jubilee Debt Campaign

Finance

Analysis

Public-private partnerships: The global debt iceberg?

Despite their popularity, PPPs have a very bad track record of delivering cost-effective investment for governments, and pose additional and serious problems by reducing transparency and accountability.

29 June 2016 | Guest analysis
Photo by: Yorgos Karahalis / AP

Finance

News

Third time a charm? Fund pressured into possible return to Greece

As Eurozone countries agree a new loan package to Greece, the IMF has conceded to ‘major concessions’ instead of up front debt relief and may participate in a new programme despite its insistence that the Fund's involvement in future programmes is dependent on ‘significant debt relief’.

29 June 2016

Other news

IFI governance

News

Follow BWP’s annual meetings coverage from DC online

The World Bank and IMF’s annual meetings will be held 7-9 October 2016 in Washington DC.

26 September 2016

Rights

News

Indigenous peoples lodge complaint over Bangladesh World Bank project

Indigenous peoples in Bangladesh have submitted a complaint to the Inspection Panel regarding a World Bank funded transport feasibility study.

26 September 2016

Rights

News

Complaint lodged for forced labour in IFC-funded project in Uzbekistan

Forced labour victim and human rights defenders have filed a complaint with CAO, alleging that IFC knowingly finances a company benefiting from forced labour.

26 September 2016

Finance

News

World Bank withholds new lending for Uganda

The World Bank has announced that it is withholding new lending for Uganda, following the cancellation of a criticised road project.

26 September 2016

IFI governance

News

World Bank accused of reporting false consent on Nepal power line project

Communities affected by a World Bank-funded power line project in Nepal have accused the Bank of reporting false information on consent to the project.

26 September 2016

IFI governance

News

IMF’s Lagarde to face trial in France

IMF’s managing director lost a July appeal to avoid trial in France over negligence while French finance minister.

23 September 2016

Social services

News

Uganda to close IFC partner’s schools

Uganda has announced that it will close IFC-backed Bridge Academy private schools due to poor hygiene and sanitation.

23 September 2016

Infrastructure

News

World Bank suspends Inga dam funding

The World Bank has suspended funding for the much criticised Inga 3 hydro power project in the Democratic Republic of Congo.

23 September 2016