brown-paper-pile-no-credit

Finance

Analysis

IFC investment in Stora Enso: the need for a responsible IFC tax policy

The International Finance Corporation praises the pulp and paper company Stora Enso as an industry leader in environmental and social standards, but questions about Stora Enso’s Dutch tax arrangement remain unresolved.

31 January 2017 | Guest analysis
Community midwife in badakhshan uses postpartum family planning

Social services

Analysis

GFF falls short on family planning

Investments by the World Bank-hosted Global Financing Facility (GFF) do not reflect the family planning priorities identified by developing countries and local communities. The GFF also continues to suffer from a lack of transparency and meaningful civil society participation, raising doubts about the new mechanism’s effectiveness.

31 January 2017 | At Issue
Mapa del Corredor de Gas del Sur. Crédito: Bankwatch

Infrastructure

Analysis

The rise and fall of World Bank funded megaprojects

The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.

31 January 2017
La directora gerente del FMI, Christine Lagarde, fue hallada culpable por el tribunal francés en circunstancias atenuantes. Crédito: MercoPress

Accountability

News

IMF managing director found guilty of “negligence”, remains at IMF

French court finds IMF managing director Lagarde guilty of “negligence in dealing with public funds” when she was finance minister in 2008, however no fine or sentence was imposed.

31 January 2017
AID18, cuarta reunión de reposición en Indonesia. Crédito: Heri Purwata en Crowdponent

Finance

News

World Bank IDA18 to introduce increased reliance on capital markets

The World Bank's IDA18 replenishment raised $75 billion, with increased reliance on capital markets and launched new $2.5 billion private sector window through IFC and MIGA.

31 January 2017
Lanzamiento del Grupo de Alto Nivel del ONU sobre el Empoderamiento Económico de las Mujeres, septiembre de 2016. Crédito: ONU Mujeres / Ryan Brown

Gender

News

Will IMF’s response to UN report on women’s economic empowerment change its policies?

UN High Level Panel on women’s economic empowerment publishes flagship report, civil society expressed concerns macroeconomic perspectives are lacking, despite Bank and Fund being on the panel.

31 January 2017
La canciller alemana Merkel y el director gerente del FMI Lagarde; Crédito: FMI

Finance

News

Doubts persist over IMF participation in new Greek programme

IMF claims it is does not advocate austerity as Greek finance minister accuses IMF of economising with the truth and pushing harmful and counterproductive reforms.

31 January 2017
Credit: IEG

IFI governance

Background

The World Bank’s Independent Evaluation Group

This Inside the Institutions looks at the World Bank's Independent Evaluation Group, including how it is structured and the different elements of the evaluation process.

31 January 2017 | Inside the institutions

Other news

IFI governance

Background

Recommended resources on the World Bank and IMF 2016

The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2016.

2 February 2017 | Resource

IFI governance

News

World Bank appoints new General Counsel

World Bank appoints new General Counsel while civil society watches for change in approach on human rights.

31 January 2017

Finance

News

Ghana: political costs of structural adjustment

Ghana elected a new president who has pledged to review the country's IMF programme, which was criticised by civil society for its harsh impacts on the poorest.

31 January 2017

Finance

News

IMF reconsiders new loan as Mozambique defaults

Mozambique defaults on its debt after IMF freezes loan. IMF reopens discussions on new loan programme but civil society concerned lessons are not learnt.

31 January 2017

Conditionality

News

IMF approves new Jordan loan

New IMF loan programme to Jordan agreed with gendered conditions, while civil society express concerns about human rights and impacts on the lives of women.

31 January 2017

Land

News

World Bank’s agriculture initiative criticised

Civil society has called on the World Bank to terminate its Enabling the Business of Agriculture initiative.

31 January 2017

Private Sector

News

World Bank arbitration mechanism ICSID rules in favour of El Salvador

ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.

31 January 2017

IFI governance

Background

UK civil society meeting with DFID: Annual meetings and IDA

Notes of a UK CSO meeting with DFID on the annual meetings and the IDA process 23 September 2016.

10 November 2016 | Minutes