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IFI governance

IFI governance

News

Civil society calls for a meaningful Quota Reform that accurately reflects the changes in the global economy to ensure a fair representation of all member countries

Civil society calls upon the IMF to implement a meaningful quota reform by June 2025 and prioritise realignment of shares to reflect more accurately the changes in the global economy and address representation issues

18 December 2023 | Letters

IFI governance

Commentary

A dizzying ride down the cascade of Bank and Fund double-speak in 2023

From the gentleman's agreement and carbon taxes to B-Ready and the Evolution Roadmap Playbook, the BWIs took us for another ride down the cascade of buzzwords in 2023. Join the BWP gourmets in savouring the word salad.

13 December 2023 | Humour

Environment

News

Selection of World Bank to host new Loss and Damage Fund draws ire of developing countries and civil society advocates

Developing countries insist on lengthy list of conditions as Bank is named host of new Loss and Damage Fund on interim basis.

13 December 2023

Finance

News

The rise of bilateral currency swaps - a threat to the IMF?

Without reforming SDRs to boost reserves and stabilise economies, bilateral swaps will further reinforce the existing asymmetries of the international financial system.

13 December 2023

Accountability

News

Demanding accountability: Response to reports of a child sexual abuse cover up at the World Bank

A joint statement from 34 global civil society organizations regarding the extremely disturbing reports of a child sexual abuse cover-up by World Bank Group officials in connection with IFC's investment in Bridge International Academies in Kenya.

19 October 2023 | Letters

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2023: Climate vulnerable countries demand more voice at Bretton Woods Institutions

V20 seeks confirmation of official observer status at the Bretton Woods Institutions by COP28, as IMF quota review fails to give greater voting power to climate vulnerable countries.

18 October 2023

IFI governance

Analysis

G24 communiqué analysis Annual Meetings 2023: Scramble for 'last resort' support to struggling countries

The Annuals 2023 G24 communiqué for reiterates an urgent need for financial support from both the IMF and World Bank for indebted countries, whilst also supporting reform through quotas, a new SDR allocation & surcharge abolishment and review.

18 October 2023

IFI governance

Analysis

G20 communiqué analysis Annual Meetings 2023: Nothing new under the sun

The Group of 20 (G20) communiqué was published on 13 October. It focused on the consequences of the evolving debt situation, reaffirmed support for the much-criticised Common Framework and was silent on debt relief. The section on MDB reform meanwhile stressed ‘bigger’ rather than ‘better’ banks.

18 October 2023

Other news

IFI governance

Background

11 November 2023 | Minutes

An Evolution Roadmap responsive to development crises? Towards an external evaluation of the World Bank’s cascade

Notes from the Civil Society Policy Forum on 11 October 2023 titled, "An Evolution Roadmap responsive to development crises? Towards an external evaluation of the World Bank’s cascade."

IFI governance

Background

12 October 2023 | Minutes

The B-Ready Project: A significant departure from the Doing Business Report?

Notes from the Civil Society Policy Forum on 12 October 2023 titled, "The B-Ready Project: A significant departure from the Doing Business Report?"

IFI governance

Background

11 October 2023 | Minutes

African perspectives on the reforms of the international financial architecture

Notes from the Civil Society Policy Forum Session 'African perspectives on the reforms of the international financial architecture' on 11 October 2023.

IFI governance

Background

10 October 2023 | Minutes

Transformative policy pathways: Lessons from feminist economics programming for the IMF

Notes from the Civil Society Policy Forum on 10 October 2023 titled "Transformative policy pathways: Lessons from feminist economics programming for the IMF."

Finance

News

19 July 2023

African finance ministers join growing calls for more equitable SDR allocations

New calls for SDR reform reveal acute need of financing for low- and middle-income countries to achieve the Sustainable Development Goals.

IFI governance

News

19 July 2023

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.

IFI governance

Background

12 May 2023 | Minutes

IFI reform, Bridgetown & climate finance: Critical civil society perspectives

Notes from Civil Society Policy Forum panel on 12 April titled "IFI reform, Bridgetown & climate finance: Critical civil society perspectives."

IFI governance

Background

14 April 2023 | Minutes

Voices of the Global South: Taxation and polycrisis

Notes from Civil Society Policy Forum event on April 14 2023 titled "Voices of the Global South: Taxation and polycrisis"