Detailed analysis of the communiqués from the 2014 World Bank and IMF spring meetings.
In a new blog the Bretton Woods Project highlights the Bank's increasing investment in financial intermediaries at the expense of education and health
In March the Bank approved funding related to the controversial Inga 3 dam project in the Democratic Republic of Congo, while an academic study finds large dams often are neither cost efficient nor carbon neutral.
The World Bank is focussing significant time and resources into promoting itself as an agent for tackling climate change, but is still funds dirty energy through coal and gas projects, most recently in China.
A series of high-profile eviction cases in Kenya, Nigeria and Cambodia has exposed the World Bank’s failure to protect the human rights of communities supposed to benefit from its projects, prompting widespread international condemnation.
A leaked draft IEG report reveals declining performance trends at the World Bank, including the IFC’s financial sector lending, while the implementation of the Bank’s strategy continues with the launch of a public consultation on the new country engagement model.
An IFC investment in ANZ Royal Bank has been criticised after the bank was implicated in a “massive land grab” in Cambodia. Further cases from Guatemala and Honduras reinforce calls for IFC to rethink its investments in financial intermediaries.
Technical assistance is a form of non-financial assistance provided by the IMF with the aim of improving the implementation of economic policies. Technical assistance accounts for about one-quarter of the IMF's operating budget, of which approximately two-thirds of total technical assistance goes to low income and lower-middle income countries.