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.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.
Notes from the Civil Society Policy Forum Session at the 2017 World Bank and IMF Spring Meetings on IMF and World Bank programmes in the MENA Region.
BWP report finds few signs of IMF policy-change in the MENA region post 2011.
New America Foundation civil society event on subsidy reform in Arab countries, held in the civil society forum of the 2013 IMF/World Bank annual meetings
Minutes of an IMF consultation on fiscal transparency policy
Negotiations on a $4.8 billion IMF loan to Egypt (see Update 83) remain stalled, although Finance Minsiter, Morsy Hegazy reiterated in January that talks are "still ongoing".
Egypt's interim government announced in February that they expect to sign a $3.2 billion loan deal with the IMF and state-media reported that negotiations are underway for a $1 billion loan from the World Bank.
Social movement Popular Campaign to Drop Egypt's Debts has spoken out against Egypt's military government agreeing to a $3.2 billion IMF loan.
In late June the Egyptian Ministry of Finance turned down a $3 billion loan package from the IMF, citing the rejection as a response to "public debate".