March IMF policy paper advocates liberalisation and lowering of labour market protections although makes case for stimulus when there is 'available fiscal space'. World Bank displays inconsistent labour policy implementation. IMF U-turn on advice regarding Germany’s introduction of minimum wage.
As the IFC sets out a new strategy, CAO and CSO reports have raised further criticism over its investment in financial intermediaries, and a new law suit challenges its immunity.
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.
The UN expert on foreign debt has published a report critical of IMF and World Bank policies related to labour rights, claiming that the evidence does not support their pproach.
CSOs raise concerns about content and consultation process of World Bank World Development Report 2018 on education.
CAO report validates 2013 complaint by Indian NGOs on IFC investment in colonial tea plantation in Assam. The IFC's action plan is very limited in scope.
World Bank approved new safeguards after a four year process. Civil society warned of loopholes in new Bank safeguards, its reliance upon “borrower systems”, the lack of references to LGBTQ people and to recognised core ILO labour standards.
The World Bank has released its Forest Action Plan, but civil society raised concerns, including regarding lack of impact in light of the outcomes of the safeguards review and the links to the Forest Carbon Partnership Facility.