IMF proposes a grassroots communication strategy to convince the public of the need for further austerity measures as publications reveal fear that social unrest will make reforms ‘unimplementable’.
The 2024 World Bank and IMF Annual Meetings, taking place in the context of the institutions’ 80th anniversary, offered little substantive reform despite multiple ongoing organisational processes and reviews.
Under President Banga, the World Bank is going full steam ahead on agribusiness financing with a $9 billion annual commitment by 2030, but a CAFOD report highlights harmful gendered impacts of current approach to commercialising farming.
CSOs warn MIGA's proposal at COP29 to de-risk carbon markets for private investors could shield polluters from accountability, leaving local communities to bear the costs.
Amid underwhelming private capital mobilisation, new report underscores poor state of transparency and disclosure of private sector finance by multilateral development banks and development finance institutions.
As the IMF increases cost of lending for LICs by introducing a tiered interest mechanism to the PRGT, CSOs and V20 Group call instead for an SDR interest rate cap to reduce the cost of lending and for sale of gold reserves to address the funding gap.
Amid concerns about the policy package and in the face of global crises, IDA's 21st replenishment showed difficulty of mobilising donor finance amid elections and geopolitical tensions.
CAO report substantiates civil society findings about IFC’s failure to comply with its own requirements for GHG emissions measurement, alternatives analysis, mitigation and disclosure.
BWIs engineer creative ways to provide financial support to Ukraine using frozen Russian assets as back up, in contrast to lack of support for debt-stricken African countries.
Civil society Financing for Development (FfD) Mechanism calls for FfD4 conference to deliver meaningful reform and a true path towards democratic multilateralism.
Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power.
Notes from the Civil Society Policy Forum on 24 October 2024 titled "Strengthening governance of development policy finance: Improving transparency, accountability, stakeholder engagement, and Paris alignment".
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
