Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
The World Bank and IMF are intensifying their work on tax under the Platform for Collaboration on Tax, yet civil society is cautious about embracing tax policy advice coming from the Bretton Woods Institutions.
Bretton Woods Dispatch of the 2017 annual meetings in Washington DC pre-meeting analysis of the key issues for the week.
Join us as International Development Finance Project Manager and manage our work on international finance focusing on the IMF.
IEG report on the World Bank’s domestic resource mobilisation work finds ad hoc approach focused on creating an enabling business environment while doing little to address equity issues.
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.
World Bank unveils cascade concept that privileges private over public finance. De-risking in order to attract private sector investments threatens to shift risks to public sector and result in third wave of privatisation.