IFI governance

Background

Building back better through IDA20: Public investment as a tool for socio-economic transformation in Africa

19 October 2021 | Minutes

Moderator: Luiz Vieira, Coordinator, Bretton Woods Project (UK)

Panelists:

Bella Bird, World Bank Group (WBG) – senior advisor to WBG West African Vice President.

Farwa Sial, Eurodad

Peter Kamalingin, Oxfam Pan-Africa director

Kwabena Nyarko Otoo, ITUC Africa

 

Luiz Vieira, opening remarks: The International Development Association (IDA) is part of the World Bank Group, and is one of the largest sources of development assistance for poor countries. As many of you will be aware, there has been an early launch of IDA20 replenishment process, following the Covid-19 pandemic and the outflow of IDA resources in response to it. This panel will focus on IDA20 with a focus on Africa.

The international system has failed to react to the Covid-19 pandemic – the Doing Business Report scandal and the Bank’s lack of support for a TRIPs waiver to the intellectual property rights on vaccines, once again raise questions about the policy prescriptions of the Bank. For example, we see that the World Bank’s development policy finance continues to contain highly contentious conditions. Equally, IDA itself is situated in highly unequal trade structure, which positions low-income countries at the base of global geopolitics.

So, with this in mind, I’d like to ask the panellists to share your vision for a utopian IDA20 – what would be the key components that would meet IDA’s objectives as you see them?

Bella Bird: Looking at IDA20, when you talk about the utopian vision, it’s sometimes hard to imagine that – in a context where the challenges are so great. In our Poverty and Shared Prosperity: Reversals of Fortune report which was published 12 months ago now – we saw that the combination of Covid-19, climate change and conflict were reversing hard won development gains. So, we’re facing bigger challenges to meet the twin goals of the Bank – to eliminate extreme poverty and promote shared prosperity.

We’re in a difficult year, and these factors have shaped our approach to IDA20.

The big challenges that we are seeing are addressed in the GRID (Green, Resilient and Inclusive Development) framework, which I think in my experience is the right way for IDA20 to try to meet the SDGs in Africa.

So some of the questions we are thinking about are: How can we use IDA to try to get vaccines rolled out in Africa? In terms of building back better – how can we help African economies get back on a path that not only accelerates growth, but focuses on the GRID approach? And, how do we build this into our operations? Take the example of the Sahel – where climate impacts are extreme and the adaptation challenges are huge.

When it comes to inclusion, our focus on poverty is very big in the Bank. We have our Gender Action Plan – understanding that empowering women and girls is key.

Preparedness for shocks is another key focus.

Farwa Sial: We need to start with very realistic view of what IDA can and cannot do.

IMF estimates of needs of IDA countries at $200 billion a year just to recover to recover from the pandemic; versus IDA resources, this is not enough.

There is also the issue of how this relatively small amount of ODA being conditioned, in order for countries to access it.

An ideal IDA vision first should serve as strengthening public services within countries, while not exacerbating climate change, and dealing with countries’ unsustainable debt. The Private Sector Window (PSW), which subsidises IFC/MIGA, should be replaced with public support.

Peter Kamalingin: We welcome the decision by IDA to front-load resources.

On a utopian IDA20, the most urgent aid is actually one that works towards ending the pandemic, and from where we sit the People’s Vaccine is the way to do that. A few rich countries are blocking progress on this, to enrich corporations.

In Africa, children have been out of school for 2 years, and because of this we are now seeing higher rates of childhood pregnancy.

To really respond, we need improvement on public services especially health and education, we all know that privatised options exclude people and increase inequality.

We have seen new analysis that 11 million girls in LICs may never return to school following the pandemic. We need robust investment in public health which is universal, high quality and free.

We also need to cut illicit financial flows and ensure that MNCs (multinational corporations) pay their fair share in tax. The Pandora Papers show this problem again.

For people who are energy poor, green transition sounds utopian indeed. So we need investment in clean energy systems to meet their needs.

Luiz Vieira: Bella, can I ask about the Bank’s position on the TRIPS waiver, given Peter’s mention of the People’s Vaccine?

Bella Bird: Can’t publicly say anything about position on the TRIPS waiver without checking on that. But we are very concerned about the low levels of vaccine available. We’ve made very clear that finance won’t be an issue. Can only say that we agree.

On financing needs, based on the data from the IMF – on that we agree. IDA can only be part of the picture; it’s a very important source, but we work with partners. We compressed IDA19 into 2 years and moved forward IDA20 and made the case for a large replenishment.

PSW is one of many windows in IDA; the vast majority of IDA support is signed with governments, and they are given various sizes of envelopes.

On education and health – the human capital costs of Covid are significant, and we need to absolutely look at that.

Peter Kamalingin: I think we are agreeing on a couple of things, but the policy prescriptions have a history. The policy prescriptions are part of a longer history of colonialism and extractivism, leading to structural adjustment programmes (SAPs).

There is a need to include care work in infrastructure planning and needs especially in WASH sector.

The Bank has to develop a competence to learn from the past mistakes, including the SAPs. Until we learn from them, we are bound to repeat those mistakes.

Farwa Sial: On PSW, it’s taking a whole of the WBG approach, so it intersects with a lot of themes, and has a lot of implications for what other types of support mean in the future. There are a number of issues:

1)      Lack of additionality: Concept of development additionality currently is completely based on de-risking IFC/MIGA; on whole, PSW mobilised less finance than other instruments in the Bank, so it’s not even working well on its own terms.

2)      Transparency: Unsolicited bids issue, where PSW projects don’t emerge through open bidding process.

3)      Role of financial intermediaries (FIs): Using FIs, which are large financial actors, means a significant share of profits goes through them, but also creates a transparency issue. Geographical mapping of these providers shows that they are located are in Northern financial hubs, or secondary financial hubs in the South. Why not just channel funds through national development banks?

4)      What sort of SMEs are being invested in? Idea of SME is not a natural phenomena is developing Cs… Privatisation by another name?

Luiz Vieira: What are the key things that have been done in IDA20 to learn from past mistakes? Do you agree with the critique that the Bank’s private sector-led approach has failed to deliver rights-based development? If not, why not?

Bella Bird: Climate change adaptation and mitigation is really central in IDA20 going forward. That requires action on the government side to undertake regulation to enable investments in a green economy.

Another key thing is crisis preparedness – how do we work with governments to prepare for disasters and mitigate the impacts? This is becoming a much more central part of our delivery, especially in Fragile and Conflict-affected States.

On the Jobs and Economic Transformation theme, we will continue to push forward with a number of actions on the government side; we will continue to push forward with reforms that enable private sector growth.

On overall analysis, I think we would have to unpack that analysis. We recognise that the private sector has a fundamental role, and we focus on the private being used to create an opportunity for people. The PSW is bringing in innovations – first local currency bond in Cambodia, for example.

Peter Kamalingin: I know that it would require more time, but I think if we want to be transformational, we have to look at the trajectory that we have been on in recent decades. I think that we have to have a departure – or we are heading in a direction that will be catastrophic.

Public health care for all cannot be delivered by the private sector. The neoliberal model is a problem, and a barrier to transformation.

The Bank has done so many things that are good, but it has also done harm. That includes promoting user fees for healthcare – and people have died needlessly from that.

And I am not seeing a significant acknowledgement of that from the Bank.

And our leaders are not blameless, as they have continued to take money from the Bank in exchange for these reforms.

Bella Bird: Don’t have time to take you on in an ideological debate. I have lived in Uganda for three years and know the challenges quite well. Can engage some other time – maybe over a cup of tea, when I am back there.

(NB: Bella Bird departed panel at this point for another engagement)

Farwa Sial: Unequal governance of the World Bank – which is dominated by Northern shareholders – has huge implications for how finance flows through the Bank. During SAPs, the funding became very market oriented. This has been more so in recent years. The is has implications for the Bank’s Human Capital work, which re-imagines human development outcomes in a marketized way.

Kwabena Nyarko Otoo: [rejoining after technical issues] My dream IDA would be one that spreads funds over a few key high-impact projects: The funds are too little, and if they are spread thinly they don’t fully address the challenges at hand. Issue of vaccination is important. Only 3.5% of continent is vaccinated; and rich countries are still holding them, even though they are about to expire.

On debt, the balance sheets of countries in Africa do not allow them to do the things they need to do to respond to the crisis. Need to deal decisively with the debt issue that is currently at hand.

The IDA 20 package should come as the result of a durable consultation. The consultations that we have seen are not enough.

But it is important to look back on some of the things that have been done and make changes; the policy context is just not working. This will be necessary to make the changes.

What changes are required?

MNCs are stronger than governments on the continent. That is why we cannot tax them. There is no way that we can develop with these governments, so the public sector needs to be strengthened, not undermined.

It’s important that we don’t assign to the markets what they are not known for doing: We need to fund education and healthcare, as many cannot afford to pay the fees required to access private services.

Luiz Vieira: How would you conceptualise the role of the private sector? And what about the role of the state?

Peter Kamalingin: There is no country anywhere that has developed without the state, so the fact that that is absent is suspect.

Bella is saying that the Bank works with the state, but because the state is weak it often represents the interests of corporations. Any conditionalities must emphasise the role of CSOs and people.

Farwa Sial: When we talk about the role of development and the private sector, we are talking about a very limited period from the 1990s to now. For Bank and Fund, they have to define their role, as commercial or developmental. They are leaning towards commercial.

There’s the principal of non-interference, where you have metrics associated with human development outcomes that are tied to funding, rather than conditionality.

Kwabena Otoo: At TUC we just proposed what govt Ghana should do to support the private sector. But need to make a distinction between multinational corporations  and local/national SMEs.

The gold sector is a case in point – the Ghanaian government only collected 8% in taxes and royalties on foreign companies’ profits. Of what use is it to support these foreign companies that are already doing great, receive further incentives?

Luiz Vieira: It is interesting that WBG was unprepared to speak about its position on TRIPS. Generally, WTO issues are not flagged in IDA – there seems like a lack of being explicit about the position of IDA within wider global trade frameworks.

Any closing thoughts from our panellists?

Farwa Sial: There is a very strong case to end the PSW, at least during the Covid crisis, as this will not drive the end of the pandemic.

If SMEs are the focus, then financial intermediaries who are in global hubs should be out of this chain.

What is aid doing and how is it demonstrable? Here, I think there is a lot of onus on shareholders to ensure there is evidence on this.

Privatisation of services should not go on any further, especially at this global moment of crisis.

Peter Kamalingin: For the Bank to be transformative, there has to be willingness to a look at its processes, in terms of its interactions with the borrowing countries. Are they meaningful or tokenistic?

There has to be more of a shift away from ‘helping’ to assisting countries develop from the inside out. This is only possible if we address inequality in the unjust global system.

Kwabena Otoo: I think the internal questions that Peter mentioned are important. When they experience a scandal, they close the Doing Business Report (DBR) and move on. The DBR has caused suffering for millions of workers around the world.

There was a famous IMF resignation letter in 1989 – where an IMF staffer spent 150 pages detailing the Fund’s misdeeds around the world. What has really changed?

We need to be a little more pragmatic, because people’s lives are on the line. People are dying in the pandemic, and women are dying in labour.

We need to end the pandemic, address debt and strengthen the state. We need to end policies to hand over services to the public sector.

Resources:

WEMOS IDA20 paper: https://www.wemos.nl/en/health-security-and-equity-should-be-a-public-priority/

Eurodad position paper: https://www.eurodad.org/eurodad_s_proposals_for_a_wb_ida20_replenishment_package_that_delivers_for_the_most_vulnerable

ITUC IDA20 recommendations: https://www.ituc-csi.org/ida-recommendations-en

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Background

12 October 2012 | Minutes

Citizen-Led Accountability at the World Bank Group: experiences of independent recourse mechanisms

This session aimed to gather CSO views, suggestions, and concerns on how to improve the current guidelines, including IMF consultation processes on policies, strategies, and Art. IV consultations.

IFI governance

Background

12 October 2012 | Minutes

Facilitating international adjustment through timely debt resolution

This session highlighted the perspectives of finance ministers, policy makers, and academics on the need to ensure timely, effective international adjustment in a manner consistent with sustained global growth and continued adherence to the system of open, dynamic international trade and payments constructed over the past 65 years.

Rights

Background

12 October 2012 | Minutes

World Bank safeguard review and CSOs approaches in their engagement

Interaction between the Bank and CSOs on the approach paper through this panel provided an opportunity for the Bank and CSOs to highlight areas of importance and provide input about the direction of the safeguard review.

IFI governance

Background

11 October 2012 | Minutes

The Role of the Independent Evaluation Group (IEG)

This session provided CSOs with the opportunity to have an exchange with IEG's Director-General and Senior Vice President on the role of the IEG.

IFI governance

Background

11 October 2012 | Minutes

Global financial regulations and their Impact on major campaigns

This event was a collegial information-sharing and strategy session to explore the linkages between financial regulations and grass roots campaigns.

IFI governance

Background

11 October 2012 | Minutes

CSO Townhall with Jim Yong Kim and Christine Lagarde

This townhall was for CSO representatives accredited to the Annual Meetings. The CSO Discussants made initial remarks on Fund and Bank policies and were followed by comments from Mr. Kim and Ms. Lagarde. This was then followed by a general discussion on issues of concern to CSO representatives.

IFI governance

Background

11 October 2012 | Minutes

From country systems to DPLs: understanding the World Bank's approach to social and environmental ri

This session will discuss the strengths and weaknesses of the Bank’s approaches with respect to different financial instruments and evaluate the challenges of ensuring coherence in environmental and social sustainability outcomes across instruments.

IFI governance

Background

10 October 2012 | Minutes

Making global governance accountable: civil society experiences with 13 Institutions

This session discussed the conclusions reached on the global governance role of civil society by the Civil Society and Accountable Global Governance project.

IFI governance

Background

3 August 2012 | Minutes

IFI re-engagement in Burma

Minutes of Burma and IFIs meeting, Washington DC, 18 April 2012

IFI governance

Background

23 April 2012 | Minutes

EIR + 10

Minutes of afternoon sessions of extractives conference, Washington DC, 23 April 2012

IFI governance

Background

23 April 2012 | Minutes

2012 Tokyo Annual Meeting Planning Session

2012 Tokyo Annual Meeting Planning Session held on Saturday, 21 April.

IFI governance

Background

21 April 2012 | Minutes

Lessons from IEG's Cluster Review of IFC-supported Extractive Industries Projects

Minutes of IFC and extractives meeting, Washington DC, 21 April 2012

IFI governance

Background

21 April 2012 | Minutes

Safeguards in a Changing Landscape

Minutes of safeguards meeting, Washington DC, 21 April 2012

Finance

Background

20 April 2012 | Minutes

How can the IMF enhance its focus on growth and poverty reduction in LICS?

A civil society meeting held at the World Bank and the IMF hold their 2012 spring meetings in Washington DC on Friday 20th April.

IFI governance

Background

20 April 2012 | Minutes

Seminar - Time for a New Consensus: Regulating Financial Flows for Stability and Development

As the World Bank and the IMF hold their 2012 spring meetings in Washington DC this week, Latindadd and the Bretton Woods Project organised a seminar about regulating financial flows on Thursday 19 April.

IFI governance

Background

20 April 2012 | Minutes

Austerity in the Eurozone

Seminar at the Spring meetings 2012, 19 April 12

Infrastructure

Background

20 April 2012 | Minutes

Kosovo's options for a sustainable energy future

Minutes of presentation and discussion on Kosovo's options to develop a sustainable energy future, Washington DC, 20 April 2012.

Infrastructure

Background

20 April 2012 | Minutes

World Bank's Climate Investment Funds 4 years later

Minutes of meeting on the World Bank-housed Climate Investment Funds and the Green Climate Fund, Washington DC, 19 April 2012

Land

Background

20 April 2012 | Minutes

Agriculture and Food Security

Minutes of agriculture and food security meeting, Washington DC, 19 April 2012

Infrastructure

Background

20 April 2012 | Minutes

Climate change, energy access and sustainable development

Minutes of climate change and energy access meeting, Washington DC, 18 April 2012

IFI governance

Background

19 April 2012 | Minutes

Supporting Social Accountability for Better Results

Minutes of World Bank Social accountability plenary, Washington DC, 19 April 2012

IFI governance

Background

19 April 2012 | Minutes

Development Policy Lending (DPL) Retrospective consultation

Minutes meeting, Washington DC, 18 April 2012

Environment

Background

19 April 2012 | Minutes

IMF Consultation on Natural Resources Management and Taxation

Notes of meeting, Spring meetings 2012, Washington DC

Infrastructure

Background

26 September 2011 | Minutes

India's energy future: Consequences of India's coal rush and alternative energy scenarios

Notes of a panel discussion, Washington DC, 20 September 2011

Infrastructure

Background

26 September 2011 | Minutes

India's energy future: What role for the Bank?

Notes of meeting, Washington DC, September 21, 2011

Gender

Background

26 September 2011 | Minutes

Civil Society Strategy Meeting on the Doing Business rankings

Notes of a meeting, Washington DC, 21 September 2011

Environment

Background

26 September 2011 | Minutes

CSO Roundtable with Lars Thunel

Notes of a meeting, Washington DC, 21 September 2011

Environment

Background

26 September 2011 | Minutes

Safeguards and climate finance in Indonesia in the context of REDD+

Notes of meeting, Washington DC, September 23, 2011

Gender

Background

23 September 2011 | Minutes

Seminar - Gender Equality Matters: The Way Forward

Notes of meeting, Washington DC, September 21, 2011

IFI governance

Background

23 September 2011 | Minutes

CSO Townhall with Robert Zoellick and Christine Lagarde

Notes of meeting, Washington DC, September 22, 2011

Infrastructure

Background

23 September 2011 | Minutes

Scaling up Climate Finance

Notes of meeting, Washington DC, September 22, 2011

IFI governance

Background

23 September 2011 | Minutes

Financial Transaction Tax implementation

Notes of a meeting, Washington DC, 22 September 2011

Finance

Background

23 September 2011 | Minutes

Real Aid

Notes of a panel discussion, Washington DC, 21 September 2011

Environment

Background

23 September 2011 | Minutes

Plundered nations?

Notes of a meeting, Washington DC, 21 September 2011

IFI governance

Background

18 April 2011 | Minutes

Consultation on Program for Results (P4R)

Notes of meeting, Washington DC, April 16, 2011

Rights

Background

18 April 2011 | Minutes

Safeguards consultation, World Bank, 16 April 2011

Summary of consultation held at the World Bank in Washington, 16 April 2011

IFI governance

Background

18 April 2011 | Minutes

IFC and Financial Intermediary Lending

Notes of meeting, Washington DC, April 15, 2011

IFI governance

Background

15 April 2011 | Minutes

How the Financial Stability Board Affects Development Prospects: Opening the Black Box

Notes of a meeting held in Washington DC, 15 April 2011

Finance

Background

14 April 2011 | Minutes

IFC's international development goals

IFC staff member discusses plans for goals to guide future work in private sector development.

Land

Background

14 April 2011 | Minutes

The regulation of excessive speculation in commodity markets: what's at stake

Financial experts critically discuss commodity speculation.

IFI governance

Background

13 April 2011 | Minutes

IMF triennial surveillance review

Notes of meeting, Washington DC, April 13, 2011

Finance

Background

13 April 2011 | Minutes

Meeting between the UK IMF Executive Director Alex Gibbs, HM Treasury and UK civil society organisat

Notes of the seminar of spring meetings 2011

Environment

Background

12 October 2010 | Minutes

Energy, Poverty, Sustainability and Climate Change

Minutes of a seminar at the 2010 annual meetings, 8 October 2010

IFI governance

Background

12 October 2010 | Minutes

Held in reserve: can a new approach to monetary policy transform the global economic outlook?

Minutes of an experts seminar held on the sidelines of the 2010 Annual Meetings of the IMF, 7 October 2010

IFI governance

Background

12 October 2010 | Minutes

Investment lending reform

A briefing by World Bank staff on the investment lending reform, 9 October 2010

Knowledge

Background

11 October 2010 | Minutes

Post MDG Summit

Notes of the seminar of annual meetings 2010

IFI governance

Background

11 October 2010 | Minutes

Future of the global financial and monetary system

Notes of the seminar of annual meetings 2010

IFI governance

Background

11 October 2010 | Minutes

Global economic governance

Notes of the seminar of annual meetings 2010

Conditionality

Background

8 October 2010 | Minutes

Civil Society Townhall Meeting with Robert Zoellick and Dominique Strauss-Kahn

Notes of the seminar of annual meetings 2010

Knowledge

Background

7 October 2010 | Minutes

Meeting between the UK IMF Executive Director Alex Gibbs , HM Treasury and UK civil society organisa

Notes of the seminar of annual meetings 2010

IFI governance

Background

29 April 2010 | Minutes

Future of the World Bank: major reforms or a series of minor adjustments?

Civil society event at the World Bank spring meetings 2010, 24 April

Infrastructure

Background

26 April 2010 | Minutes

Launch of Bank Information Center's (BIC's) model energy strategy

Civil society event at the World Bank spring meetings 2010, 24 April

IFI governance

Background

26 April 2010 | Minutes

A sustainable World Bank energy strategy: perspectives from various stakeholders

Civil society event at the World Bank spring meetings 2010, 23 April

IFI governance

Background

26 April 2010 | Minutes

Evaluation as a critical tool for accountability

Civil society event at the World Bank spring meetings 2010, 23 April

IFI governance

Background

23 April 2010 | Minutes

An IMF for the 21st century - the low-income country perspective

Civil society event at the World Bank spring meetings 2010, 22 April

Environment

Background

23 April 2010 | Minutes

Financing the response to climate change: special drawing rights (SDRs) for climate finance

Civil society event at the World Bank spring meetings 2010, 22 April

Infrastructure

Background

23 April 2010 | Minutes

Governance challenges in financing green and sustainable energy policies

Freidrich-Ebert-Stiftung event at the World Bank spring meetings 2010, 22 April

Infrastructure

Background

23 April 2010 | Minutes

Roundtable on post-crisis economic recovery

World Bank event at the World Bank spring meetings 2010, 22 April

Environment

Background

23 April 2010 | Minutes

World Bank, climate change and climate finance

Civil society event at the World Bank spring meetings 2010, 22 April

IFI governance

Background

9 October 2009 | Minutes

The IMF and protectionist trade policies: What does the record of the past 15 years tell us?

Seminar on the IEo evluation of IMF trade policy advice in Istanbul, 2 October 2009.

IFI governance

Background

8 October 2009 | Minutes

Financial sector policies in the crisis

Programme of Seminars session in Istanbul on 3 October 2009 with Zeti Aziz, Andrew Crockett, Christine Cummings, Sayed Sadeeq, and John Laker.

Environment

Background

8 October 2009 | Minutes

CSO Townhall meeting

Notes from the CSO townhall meeting with Dominique Strauss-Kahn and Robert Zoellick

IFI governance

Background

8 October 2009 | Minutes

IMF governance - CSO meeting with the IMF managing director

Minutes of a meeting between civil society organisations, IMF managing director Dominique Strauss-Kahn and IMF deputy managing director John Lipsky

Environment

Background

6 October 2009 | Minutes

Consultation meeting on World Bank environmental strategy

Summary of the first consultation on their new environment strategy, which they will develop next year.

IFI governance

Background

5 October 2009 | Minutes

The impact of financial regulation on developing countries

The impact of financial regulation on developing countries, World Bank Programme of Seminars, with Mingkang Liu, Joseph Stiglitz, and Alvir Hoffman.

Conditionality

Background

5 October 2009 | Minutes

The IMF: Change we can believe in?

The IMF: Change we can believe in? Notes of a civil society meeting in Istanbul. Speakers include Joseph Stiglitz, Andrew Kumbatira, Caroline Atkinson, and Bhumika Muchhala.

IFI governance

Background

5 October 2009 | Minutes

Future of the Global Financial System

Notes of part of a panel debate chaired by Martin Wolf of the Financial Times, Istanbul, 4 October 2009.

Finance

Background

4 October 2009 | Minutes

Report launch: Post-crisis growth in developing countries

Growth commission event in Istanbul.

IFI governance

Background

4 October 2009 | Minutes

The UN conference and the G20 summit

Minutes from The UN conference and the G20 summit, civil society policy forum discussion on 3 October 2009. Istanbul, Turkey

IFI governance

Background

4 October 2009 | Minutes

Critical debate on the World Bank and IMF

Summary of a presentation made by Professor Anwar Shaikh, the New School for Social Research, on "Monetary Policy and the Global Crisis"

IFI governance

Background

4 October 2009 | Minutes

Global economic governance roundtable

Summary of a discussion with German government representatives, Jomo KS of the UN and civil society organisations.

Environment

Background

27 April 2009 | Minutes

The World Bank's programs on forests and climate change

A civil society event organised by World Resources Institute (WRI) at the World Bank spring meetings 2009

IFI governance

Background

27 April 2009 | Minutes

Compliance Advisory Ombudsman review of standards for Bank’s private sector lending

Notes of a session with the CAO at the World Bank spring meetings, Washington, DC, April 22, 2009.

IFI governance

Background

25 April 2009 | Minutes

IMF crisis response- discussion

Notes of a meeting between the IMF and civil society organisations

Environment

Background

13 April 2008 | Minutes

Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC

Dialogue with NGOs and Lars Thunell, Executive Vice President and CEO, IFC

Environment

Background

11 April 2008 | Minutes

Macroeconomic and fiscal implications of climate change and the policies to address it

A briefing by IMF economists at the spring meetings 2008.

IFI governance

Background

11 April 2008 | Minutes

Briefing on the World Bank's Six Strategic Themes

Minutes of a briefing by World Bank staff on the WBG's six strategic themese

Conditionality

Background

11 April 2008 | Minutes

IMF consultation in advance of the PSI review

Notes of a consultation between IMF staff and NGOs in advance of the PSI review

Social services

Background

10 April 2008 | Minutes

Structural conditionalities in the IMF: A discussion between the IMF, IEO, and CSOs

An upcoming civil society report demonstrates that IMF structural conditionality did not decline in the five years after the approval of the Fund's conditionality guidelines in September 2002, which were based on the principles of ownership and criticality in its application of structural conditionality, as well as to streamlining the number of conditions. Going on seven years, it seems that these guidelines have been more honoured in principle than in practice. A recent Independent Evaluation O

Finance

Background

26 October 2007 | Minutes

Macroeconomic aspects of aid scaling up and the role of the Fund

Highlights of a 21 October discussion on the macroeconomics of aid scaling up at the World Bank-IMF annual meetings 2007.

Conditionality

Background

26 October 2007 | Minutes

Wage bill ceilings, fiscal and monetary policies and absorbing aid inflows - updates and next steps

Highlights of a 20 October discussion on the the IMF's fiscal and monetary policy advice and conditionality for low-income countries at the World Bank-IMF annual meetings 2007.

IFI governance

Background

26 October 2007 | Minutes

Rethinking the governance of the IMF

Highlights of a 19 October discussion on the reform of IMF governance at the World Bank-IMF annual meetings 2007.

IFI governance

Background

26 October 2007 | Minutes

The role of low-income countries in IFI governance

Highlights of a 19 October discussion on the role of low-income countries in IMF governance at the World Bank-IMF annual meetings 2007.

Conditionality

Background

26 October 2007 | Minutes

The IMF's Policy Support Instrument: more flexibility or continued belt tightening

Highlights of a 21 October discussion on the IMF's Policy Support Instrument (PSI) at the World Bank-IMF annual meetings 2007.

Environment

Background

23 October 2007 | Minutes

Townhall meeting and reception with World Bank and IMF presidents and civil society representatives

Highlights of an 18 October 'town hall' meeting between WB-IMF heads and CSOs.

Environment

Background

23 October 2007 | Minutes

The agenda of the Development Committee and the provision of Global Public Goods

Highlights of a 20 October meeting hosted by the FES Foundation on global public goods, at the World Bank-IMF annual meetings 2007.

Infrastructure

Background

23 October 2007 | Minutes

Climate change and clean energy challenges and opportunities in addressing Africa's growing energy n

Highlights of a meeting at the World Bank-IMF annual meetings 2007.

Infrastructure

Background

23 October 2007 | Minutes

Low carbon, high hopes: making climate action work for development

Highlights of a 19 October meeting at the World Bank-IMF annual meetings 2007.

Environment

Background

5 October 2007 | Minutes

Highlights of BWI-UK network meeting with Douglas Alexander

Highlights of a 4 October meeting between NGOs in the BWI-UK network and secretary of state for international development, Douglas Alexander, addressing IFI strategic reviews, aid effectiveness, clean energy/climate change and a number of other issues.

Conditionality

Background

27 April 2007 | Minutes

IMF macroeconomic policies and the impacts on education budgets and teacher wages

IMF civil society dialogue, spring meetings 2007 (14 April 2007)

Conditionality

Background

27 April 2007 | Minutes

IEO Evaluation of the IMF and Aid to Sub-Saharan Africa

Civil society dialogue, spring meetings 2007 (12 April 2007) on the IEO Evaluation of the IMF and Aid to Sub-Saharan Africa

IFI governance

Background

27 April 2007 | Minutes

European CSO meeting with European IMF EDs

Incomplete minutes of European CSO meeting with European IMF EDs, 13 April 2007

Conditionality

Background

20 April 2007 | Minutes

Fiscal space and fiscal priorities: Infrastructure, trade and poverty

This panel discussion addressed the pros and cons of fiscal space for infrastructure when infrastructure is trade-related, what they mean for current proposals by the World Bank and IMF on fiscal space, and the importance of an assessment that looks jointly at the trade and financial aspects on the grounds of poverty reduction, development and environment goals.

Conditionality

Background

19 April 2007 | Minutes

Sub-Saharan Africa: Outlook and Challenges

Sub-Saharan Africa: Outlook and Challenges; IMF-civil society dialogue, 13 April 2007

IFI governance

Background

26 October 2006 | Minutes

Highlights of Hilary Benn meeting with UK NGOs

Highlights of semi-annual meeting between UK Secretary of State for International Development and UK NGOs. Topics covered include CSO access to annual meetings, conditionality, anti-corruption, odious debt, clean energy, education in LICUS, bank internal governance, IFC safeguards

IFI governance

Background

26 September 2006 | Minutes

Highlights of Tom Scholar meeting with UK NGOs

Highlights of quarterly meeting between UK executive director to the World Bank and IMF and UK NGOs. Topics covered include CSO access to annual meetings, IMF strategic review, conditionality, anti-corruption and education.

IFI governance

Background

28 June 2006 | Minutes

Highlights of Tom Scholar meeting with UK NGOs, Monday 26 June 2006

Highlights of Tom Scholar meeting with UK NGOs, Monday 26 June 2006

IFI governance

Background

9 May 2006 | Minutes

Policy issues in scaling up of aid flows

Highlights of a spring meetings dialogue hosted by the IMF on scaling-up aid, where senior Fund staff Peter Heller walked out.

Social services

Background

28 April 2006 | Minutes

Evaluating the impact of the PRGF: The cases of Ethiopia, Malawi, Tanzania and Zambia

Highlights of a civil society dialogue on the IMF Poverty Reduction and Growth Facility, at the World Bank spring meetings in Washington, 20 April 2006.

Infrastructure

Background

27 April 2006 | Minutes

World Bank dialogue on the clean energy investment framework

Highlights of a World Bank-organised dialogue on its new clean energy investment framework at the spring meetings in Washington, 24 April 2006.

IFI governance

Background

25 April 2006 | Minutes

Briefing on the implementation of new IFC performance standards

Briefing on the implementation of new IFC performance standards at the World Bank-IMF spring meetings in Washington, 20 April 2006.

Conditionality

Background

25 April 2006 | Minutes

Dialogue on national development strategies and the Millennium Development Goals

Dialogue on national development strategies and the Millennium Development Goals at the World Bank-IMF spring meetings in Washington, 20 April 2006.

Finance

Background

25 April 2006 | Minutes

Dialogue on Fund role in middle-income countries

Dialogue on Fund role in middle-income countries at the World Bank-IMF spring meetings in Washington, Thursday 20 April.

IFI governance

Background

6 October 2004 | Minutes

Grants or Loans? The Full Debate

The session considered the arguments surrounding the provision of grants or loans by IDA. It considered the recent call by President Bush for the World Bank and other development banks to provide more of their funds to the poorest countries as grants, in recognition of the pivotal role that grants play in providing prudent financing for pressing development needs.

IFI governance

Background

4 October 2004 | Minutes

CSO meeting with European Executive Directors

Note from meeting in Washington between European IFI network and European EDs as part of the civil society programme of the World Bank and IMF Annual Meetings 04.

Latest articles on this issue

IFI governance

Analysis

Development Committee communiqué analysis - Annual Meetings 2021

The Development Committee communiqué was published on 15 October. It acknowledged an uneven and uncertain path to recovery, while it kept silent on the need for a TRIPS waiver of the Covid-19 vaccines and said little about the IMF’s new $650 billion allocation of SDRs.

19 October 2021

IFI governance

Analysis

Annual Meetings Wrap-up: despite urgent climate and development needs, geopolitics and deference to private finance rule the day

Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.

19 October 2021

IFI governance

Analysis

G20 communiqué analysis – Annual Meetings 2021

G20 offers sanguine tone on the global health and debt crises, failing to address issues related to vaccines and private creditors.

19 October 2021

IFI governance

Background

The World Bank’s Development Policy Financing: implications for a just, green and feminist recovery

Notes from the Civil Society Policy Forum session on 29 September on the implications and shortcomings of how Development Policy Financing nudges countries towards policy reforms.

19 October 2021 | Minutes

IFI governance

Analysis

G24 communiqué analysis - Annual Meetings 2021

G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.

19 October 2021
Managing Director Kristalina Georgieva speaks during the IMFC Plenary meeting during the 2021 Annual Meetings at the International Monetary Fund.

IFI governance

Analysis

IMFC communiqué analysis – Annual Meetings 2021

The communiqué of the IMFC was issued on 14 October. It emphasised an uneven recovery from the Covid-19 crisis and highlighted debt concerns. It also called for progress on IMF quota reform.

19 October 2021

IFI governance

Background

Building back better through IDA20: Public investment as a tool for socio-economic transformation in Africa

Notes from the Civil Society Policy Forum session on 7 October on IDA20's replenishment implications with a focus on Africa.

19 October 2021 | Minutes

IFI governance

Background

The role of the World Bank in combatting economic gender inequality in conflict-affected countries

Notes from the Civil Society Policy Forum session on 8 October on the need for the World Bank to better address economic gender inequality in conflict-affected countries.

8 October 2021 | Minutes

IFI governance

Analysis

Annual Meetings 2021 Preamble: IMF and World Bank face existential questions in midst of global health and climate crises

Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.

7 October 2021

IFI governance

Background

Building back better health systems: lessons from the WBG's Covid-19 response and recovery plans

Notes from the Civil Society Policy Forum session on 6 October on the World Bank's need to highlight the centrality of public healthcare systems, central to a just and equitable recovery.

6 October 2021 | Minutes