IFC investments through financial intermediary investments linked to land grabs and displacement in Africa. CSOs critique proposed changes to IFC lending policies.
Co-financing arrangements and increased World Bank-AIIB cooperation on mega-infrastructure projects represent a dangerous global trend that threatens human rights and locks in a failed development model.
WILPF submitted a statement to Human Rights Council criticising the IMF's Ukraine programme. The statement argued that the programme's harsh conditionalities hurt women in particular and called for a human rights based approach to macroeconomic policy making.
Sub-Saharan Africa IMFC statement warns against protectionist trends in developed world, and the impacts of capital outflows. The statement calls for tighter financial sector regulation and for third chair for sub-Saharan Africa on the IMF Board.
March IMF policy paper advocates liberalisation and lowering of labour market protections although makes case for stimulus when there is 'available fiscal space'. World Bank displays inconsistent labour policy implementation. IMF U-turn on advice regarding Germany’s introduction of minimum wage.
The IMF's recognition of the importance of inequality is under threat. Concerns have been raised about complacency and even the reversal of the IMF's recent progress on inequality, while IMF staff continue to operationalise new policy advice on inequality in surveillance and lending programmes.
Newly published self-congratulatory IMF policy paper on impacts of loan programmes on social protection is self-referential and ignores available evidence.
Following longstanding conflict over a World Bank-funded power line project in Nepal, dating back to 2009, communities express hope that a World Bank-supported dialogue initiative will result in a fair dispute resolution process and meaningful consultation.
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In October, World Bank President Jim Yong Kim announced the appointment of Kristalina Georgieva as chief executive officer of IBRD and IDA.
IPN launched third Emerging Lessons Series report on the environmental assessment of World Bank projects at the IMF and World Bank spring meetings.
In March CAO found a complaint on behalf of communities affected by IFC’s investment in the Alto Maipo hydroelectric project in Chile eligible for further assessment.
In April, Civil Society Organisations (CSOs) wrote a letter to the World Bank executive directors calling for the inclusion of independent external stakeholders on the selection committee of the Inspection Panel.
The government of Suriname has cancelled its loan programme with the IMF, claiming its conditionalities were too much to bear for its citizens.
CSO ICAR submitted a letter to the World Bank about safeguarding provisions on the use of public and private security personnel. Concerns were raised about the inappropriate use of force and high-risk situations.