Following its expulsion of the World Bank’s country representative (see Update 56), Ecuador has now thrown the IMF’s resident representative out of the offices of the central bank. Most IMF offices are established within central banks or finance ministries when countries are borrowing from the IMF. Ecuador’s economy minister Ricardo Patiño set a 15 July deadline for the IMF to leave and said that the IMF was welcome to have an office in the country, but that it would have to find its own location in a private building. The three staff members seconded to the IMF office were reassigned to normal functions within the central bank and the IMF withdrew its representative from Ecuador entirely.
This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.
World Bank Enabling the Business of Agriculture rankings prescribe land privatisation at the expense of family farmers, pastoralists, and Indigenous Peoples.
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