On 30 May, the Spanish parliament approved a motion requiring the executive to report annually on Spanish positions adopted at the World Bank and IMF. The government will also have to report on the decisions taken by these institutions with regards to foreign debt, the “fight against poverty” and the Millennium Development Goals. The motion asks for: greater transparency on the financial resources allocated to the Bank and Fund; a strengthened presence of development experts and professionals in the IFIs; and promotion of research on the socio-economic impact of IFI actions undertaken at the initiative of Spain.
World Bank & IMF in the news
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.