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Finance

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
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
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: NY - http://nyphotographic.com/

Finance

Analysis

Development finance institutions and responsible corporate tax behaviour

Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.

10 November 2016 | Report
No tax havens! Credit: GUE/NGL Action in Plenary chamber

Finance

News

IFC's (ir-)responsible tax investment policy

Civil society organisations have demanded that the IFC develop a responsible tax policy that ensures that IFC investments are consistent with its development mandate and do not support companies utilising aggressive or abusive tax practices.

23 September 2016
IMF MD Lagarde in discussion with German finance minister Wolfgang Schäuble at April 2015 G20 meeting - credit: IMF

Conditionality

Analysis

IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal

IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.

23 September 2016
International Monetary Fund Managing Director Christine Lagarde meets with women leaders, January 2016 in Douala, Cameroon. 
IMF Staff Photo/Stephen Jaffe

Finance

News

IMF increasing its influence in sub-Saharan Africa

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.

23 September 2016
Campaigners warn of ‘debt iceberg’ at Africa private finance summit, London, November 2015 - Credit: Jubilee Debt Campaign

Finance

Analysis

Public-private partnerships: The global debt iceberg?

Despite their popularity, PPPs have a very bad track record of delivering cost-effective investment for governments, and pose additional and serious problems by reducing transparency and accountability.

29 June 2016 | Guest analysis

Other news

Finance

News

31 January 2017

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.

Finance

News

31 January 2017

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.

IFI governance

Background

10 November 2016 | Minutes

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.

IFI governance

Background

7 October 2016 | Minutes

Recurring debt crises in sub-Saharan Africa and the rise of bond issuance

Notes from a side event at the IMF/World Bank 2016 annual meetings launching a new report on bonds issuance in Nigeria, Zambia and Ghana, followed by a panel discussion on government bonds as a debt issue.

IFI governance

Background

6 October 2016 | Minutes

The role of IFIs in assessing the impact of tax incentives and tax competition on inequality

Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the link between tax incentives, reduced revenue mobilization and inequality, as well as addressing tax capacity building efforts.

IFI governance

Background

6 October 2016 | Minutes

Stopping vulture funds through national anti-vulture laws

Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the issue of vulture funds from various angles, as well as possible solutions.

Finance

News

26 September 2016

World Bank withholds new lending for Uganda

The World Bank has announced that it is withholding new lending for Uganda, following the cancellation of a criticised road project.

Infrastructure

News

23 September 2016

World Bank suspends Inga dam funding

The World Bank has suspended funding for the much criticised Inga 3 hydro power project in the Democratic Republic of Congo.