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.
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.
As the IFC increases investments in for-profit, commercial education, CSO RESULTS finds this marginalises the poor and calls on the IFC to enhance free public education instead.
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.
CSOs have refused to participate in a World Bank PPP consultation until transparency and accountability concerns are addressed.
IMF freezes second payment of $2.8 billion loan to Tunisia, demanding accelerated reform programme despite concerns this will push Tunisia “to the brink”.
This Inside the Institutions looks at the funds available to the IMF and the World Bank, including the origins of IBRD and IFC resources and an overview of the most recent changes in the IMF and IDA’s funding streams and mechanisms.
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.