Notes from the 2017 World Bank and IMF Annual Meetings session on the IMF's approach to inequality, 13 October.
The government of Zambia has approached the IMF for financial assistance, however, Zambian civil society is concerned that the required reforms will worsen gender and income inequality.
An IMF staff blog has acknowledged weaknesses in IMF’s approach to debt sustainability, meanwhile civil society continues to demand human rights-based approach considering who bears burden of debt repayment.
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.
A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.
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.
As the world economy continues to stutter, many sub-Saharan African countries are turning to the Fund for financial support, though the Funds are coming with strict conditions to restrict spending.
Minutes from a World Bank/IMF seminar on climate change during the World Bank/IMF annual meetings 2013.
The World Bank's reclassification of Zambia from low-income country to lower middle-income country has been hailed as an economic achievement by Zambia's president Rupiah Banda, but is less celebrated in other quarters.
Union Network International (UNI) is fighting the World Bank to ensure that their security workers are paid just wages.
Despite the boom in the global copper price, communities on the copper belt in Zambia have not seen the development gains they were promised and are now expressing frustration through strikes, protests and the ballot box.
The IMF provoked public ire in Zambia by asking the government to remove value added tax exemptions on a range of goods, including mosquito nets used to fight malaria.
Privatisation imposed by the World Bank and the IMF can be harmful to the most…
The budget in Zambia should be linked to poverty reduction priorities, urged the Catholic Commission for Justice and Peace (CCPJ) in a statement submitted to the government in October 2001.
In April protesters outside a Lusaka hotel where IMF and Zambian officials were meeting were dispersed by armed riot police in Zambia.