The ‘aid trap’ continues in light of significant ODA cuts amidst political change in donor countries, as the BWIs continue to facilitate the financialisation of essential services like healthcare.
Anti-gender rhetoric, furthered by the new US administration, brings fresh questions over the approach of the World Bank and IMF to gender equality, given their controversial track record.
The South African G20 Presidency failed to issue a communiqué and opted not to issue a Chair’s statement at the IMF and World Bank Spring Meetings as the US administration’s explicit hostility to multilateralism significantly decreases the potential for consensus across all multilateral fora.
At this year’s Spring Meetings, the G24 communiqué failed to present strategic solutions for multilateralism’s future, offering no real path to address the multiple crises facing the world.
Faced with deafening silence from Bank and Fund leadership on climate issues at the Spring Meetings, climate vulnerable countries demand urgent changes to global financial architecture.
The Development Committee met on 24 April, with the chair issuing a statement, instead of a communiqué, reflecting the views of the majority of the group and providing clarity on priorities and moments of consensus within the chaos.
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead.
World Bank confirms cancellation of controversial tourism project in Tanzania, after over 2 years of civil society campaigning.
IFC faces backlash for failing to address social and environmental harms from its financing of coal plants in the Philippines, despite proven health and environmental violations.
FfD4 civil society feminist workstream calls for gender and race equality, human rights and systemic change in the international financial architecture, while groups plan strategic convening in Morocco.
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.
