New IMF debt sustainability framework fails to alleviate concerns over transparency and overoptimism in midst of large-scale debt crisis, as countries face severe austerity and private lenders wait for bailouts.
The Bretton Woods Project is a civil society watchdog of the IMF and World Bank. We advocate for a multilateral system that is democratic, inclusive, transparent, accountable, and responsive to people, especially the poorest and most vulnerable.
Latest from the Bretton Woods Project
As economic conditions worsen and the Fund's legitimacy comes under increasing pressure, IMF leaders gathering for the Annual Meetings must make progress on ongoing review of IMF quotas and agree a more equitable formula and distribution of voting power.
More than 300 organisations and individuals call upon the IMF to urgently address one of the most glaring and easily rectifiable contradictions between its stated support for a just transition and its actions by immediately ending its surcharge policy.
The finance ministers for the Vulnerable Group of Twenty, a bloc of 58 developing country economies representing some 1.5 billion people, issued a communiqué on 16 October.
IMFC chair statement condemns Russia’s war while scrambling for new ideas to tackle inflation, debt, and climate change, as Covid response fades from attention.
G24 communiqué echoes calls for more drastic measures by international financial institutions to cushion the blow for low- and middle-income countries in the face of compounding global crises.
Notes from a Civil Society Policy Forum panel on 14 October 2022 titled "Implications of financial deepening for inequality and its impact on gender, poverty, and marginalization."
Notes from a Civil Society Policy Forum event on 14 October titled "Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023."
Notes from a Civil Society Policy Forum panel on 13 October 2022 titled "Winds of change: the future of tax reforms in Latin America."
Notes from the Civil Society Policy Forum event on 13 October titled "Accelerating equality through a gender-just green transition: unlocking women and girls’ economic opportunities."
Notes from a Civil Society Policy Forum panel on 13 October titled "IFC, Uber and the gig economy: deregulation and labour flexibilisation as a 'women’s empowerment' strategy,"
Notes from a Civil Society Policy Forum event on 12 October 2022 titled "Debt transparency and public accountability - designing the way forward."