Rights

Analysis

Fears of lawsuits at World Bank’s tribunal constrain efforts to fight pandemic

Covid-19 pandemic highlights the urgent need for ICSID and wider ISDS reforms as cases threaten to undermine state efforts to protect public health.

16 July 2020

IFI governance

News

“Godmother of austerity” appointment to World Bank chief economist post

Carmen Reinhart, co-author of influential 2010 pro-austerity paper, named to key post.

16 July 2020

Accountability

News

CSOs raise concerns about conflict of interest related to World Bank technical assistance loan in Guyana

Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.

16 July 2020
Kasimba Prinary School, Mpanda District, Katavi Region, Tanzania. August 2019.

Social services

News

The World Bank, Covid-19 and public education: two steps forward one step back

World Bank’s new report on education and Covid-19 contrasts with IFC announcement on freezing private school investments.

16 July 2020

Rights

News

IFC denies responsibility for community harms following CAO’s Guatemala dam investigation

IFC denies responsibility for harms to the community in dam case despite investigation findings.

16 July 2020

IFI governance

Analysis

Development Committee communiqué analysis - Spring Meetings 2020

Analysis of the Development Committee communiqué published on 17 April.

21 April 2020

Knowledge

Background

The World Bank: What it is and how it operates

This Inside the Institutions provides an overview of how the Bank’s systems are designed to operate.

16 July 2020 | Inside the institutions

IFI governance

Analysis

Fears of shrinking civil society space as World Bank Staff Association calls for axing of Spring Meetings

World Bank Staff Association's call for permanent cancellation of Spring Meetings and its CSPF raises long-standing concerns about the need for improved civil society engagement by the Bank and Fund.

21 April 2020

Other news

Finance

News

Argentina increases offer to bondholders after IMF claims “room for improvement”

Private creditors provided with IMF backing in Argentina negotiations as country enters into default.

16 July 2020

Rights

News

Concerns over labour rights resurface in IFC's Covid-19 response

Joint letter to IFC chief executive officer raises questions on worker protections.

16 July 2020

Finance

News

Failure to lend to Venezuela and Iran once again raises questions around IMF’s political neutrality

IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.

16 July 2020

Land

News

IMF and World Bank help push through contentious Ukraine land reform amid Covid-19 pandemic

Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.

16 July 2020

IFI governance

News

IFC CEO announces planned retirement

Philippe Le Houérou will depart 1 October, after joining IFC in 2015.

16 July 2020

Finance

News

IMF watchdog releases Covid-19 tracker

Database launched on Covid-19-related IMF spending to help civil society keep track of lending programmes.

16 July 2020

Background

Special Drawing Rights

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. It serves as the unit of account of the IMF and some other international organisations, including the World Bank, and based on five currencies—the US dollar, the euro, the Japanese yen, the British pound sterling and, from 2016, the Chinese renminbi.

11 May 2020 | Glossary

Background

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23 April 2020