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North America

Autumn 16 Observer illustration

IFI governance

Analysis

One man, one vote, one option: World Bank set to coronate Kim for second term

The World Bank is set to reappoint president Jim Yong Kim for another five year term, despite persistent concerns from Bank staff and renewed calls for a merit-based process based on principles of transparency and diversity.

23 September 2016
Safeguards protest during the World Bank spring meetings, April 2016. Credit: International Accountability Project

Rights

News

Renewed warnings over World Bank safeguards “dilution”

Further concerns have been raised over dilutions of the World Bank’s proposed new safeguards framework, as controversy arose over a Bank waiver of the indigenous peoples policy for a Tanzania project.

29 June 2016
Foto: Jay Black

Knowledge

Analysis

The World Bank's updated international poverty line, a case of poor measurement?

World Bank updates the International Poverty Line and claims a continued decrease in numbers of poor, but long-standing questions about the methodology used and whether the instrument is fit for purpose persist.

5 April 2016
View of the Tata power plant (on the left) and Adani power plant (on right)
Photo: Sami Siva, ICIJ

IFI governance

Analysis

IFC claims “absolute immunity” to avoid justice. But will it hold up in court?

This briefing provides an overview of the immunity of international organisations in US law, looking at a lawsuit brought against the IFC regarding the Tata Mundra coal power plant in India.

5 April 2016 | At Issue
IMF Staff Photo/Stephen Jaffe

IFI governance

Background

IMF & World Bank decision-making and governance

This Inside the Institutions examines the recent and ongoing reforms at the IMF and World Bank, and places them in context of existing structures and processes.

31 March 2016 | Inside the institutions

Finance

Analysis

Rise of the global South and descent of the North?

Briefing noted that recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, however they are thus far not a rupture with the Western-dominated international financial architecture.

1 March 2016 | Paper
IMF Managing Director Christine Lagarde announces to the Executive Board the approval of the quota reforms, originally agreed in 2010. 
January 27, 2016 at the IMF Headquarters in Washington, DC. IMF Staff Photograph/Stephen Jaffe

IFI governance

Analysis

IMF governance: one step forward, one step back

Reform to the IMF’s voting shares shifts some power to emerging countries, but the institution’s leadership selection process remains opaque and undemocratic.

8 February 2016
solar-835894_1920 pixabay

Environment

Analysis

Climate Investment Funds Monitor 12

New edition of the Bretton Woods Project's biannual Climate Investment Fund (CIFs) Monitor, published to coincide with the World Bank-hosted CIFs committee meetings.

4 November 2015
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Other news

IFI governance

News

Spring meetings coverage

The World Bank and the IMF will be meeting in Washington DC for the spring meetings 15-17 April 2016.

5 April 2016

Land

News

Gujarat fishermen sue IFC over Tata Mundra

Fishing and farming communities from Gujarat, India, has filed a lawsuit against the International Financial Corporation.

6 July 2015

Environment

News

US abstains from IFC investment in Mozambique paper plantation

US has abstained from voting on an IFC investment in a forestry project in Mozambique, raising concerns about environmental and social impacts.

31 March 2015

IFI governance

Background

The impact of the BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB)

Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014

11 October 2014

IFI governance

Background

IFC lending through financial intermediaries - a year on from the action plan, what have we learned?

Notes of a meeting on IFC lending through financial intermediaries at the World Bank-IMF annual meetings 2014

9 October 2014

Finance

News

UN backs sovereign debt mechanism

UN votes to adopt developing countries’ resolution on a legal framework for debt resolution, independent of creditors, including the IMF.

29 September 2014

Finance

Background

Financial tremors in developing countries: is another earthquake on the way?

Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…

11 April 2014

IFI governance

News

Gonzalo Castro de la Mata appointed new Inspection Panel member

Gonzalo Castro de la Mata was appointed as a new member of the World Bank's Inspection Panel in December 2013.

23 January 2014
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