IFI governance

Background

Time to get Macro? Gendered effects of World Bank macroeconomic policy amidst IFI reform

14 April 2023 | Minutes

Moderator

  • Elana Berger, BIC

Panelists

  • Elaine Zuckerman, Gender Action
  • Kathleen Beegle, Research Manager and Lead Economist in the Human Development Team, World Bank Group
  • Laura Rawlings, Lead Economist in the World Bank’s Gender Group, World Bank Group

 

ElanaI have worked a lot on the impact of World Bank projects, especially on GBV. The other thing is women’s labour force participation. One thing I’m really hoping to discuss today is the impacts of the Bank’s broader policies on women, but also men and gender-nonconforming people, looking at the wide impacts. We often think about gender in a siloed way – the number of women consulted, projects aimed at women, very discrete ways of looking at gender at the Bank. Need to commend the Bank even on that, some years ago not even that. 

We really need to look at mainstreaming gender and how the Bank impacts economic structures in borrowing countries in ways that have disparate impacts on gender. One obvious example is DPFs; development policy loans, the ways the Bank invests and lends has gendered impacts. If we are changing regulations, education and health systems, there are often unintended gendered consequences. 

One thing I particularly want to flag is the critical importance of care. This is not about how many women do we employ, how many jobs do we create through this WB funded project. This is about how countries’ economic systems are structured so that women take on the large majority of unpaid care work. How dopes the WB engage around this topic? 

Country partnership frameworks, systematic country diagnostics, these are the tools the Bank uses to set the agenda for lending to countries. How is the Bank looking into that? Especially SCDs, they are WB documents – not developed in collaboration with authorities – to decide what are the main issues in a country. What are the support systems in place, what public services? These need to be considered as part of the SCDs. 

Every single project should be considered on their gender impact, there is no such thing as a project that doesn’t impact gender. We hear about gender tags etc., not sure what that even means. Needs to be done across the portfolio, not only in specific sectors. 

One pet peeve I have is the phrase “women and children” – what women need out of WB projects is NOT connected to what children need. Women have as much in common with children as men. 

Elaine: I have been so inspired by Elana, who took a complained on GBV to the WB accountability mechanism and revolutionised the way this is treated. While many of us have pushed the Bank to enhance its attention to gender issues for decades, can’t lose sight of the bigger picture. Since the Bank was founded in 1944 with a neoliberal paradigm, reflecting a huge power imbalance between richer and poorer countries. The push for privatisation continues to this day, often accompanied by debt and an austerity framework. 

The Bank’s privatisation mania began about 40 years ago, was epitomised when Jim Yong Kim set the Billions to Trillions agenda. But privatisation continues to squeeze poor people, majority are women, their access to public services, housing, etc. There are only 2 strategies now at the Bank: Gender and fragile. There used to be so much more.  

KathleenI wish we had 5 hours, so will try to cover a number of things with less depth and am happy to follow up in more detail after the event. Let me work backwards from the many interesting points that Elaine has raised. 

First, privatisation. Not having systematically looked at this, it tends to be big on enterprises and energy utilities, but in health and education there is very limited privatisation efforts. Especially in education we had ongoing discussion on Bridge Academies. In West African context at least, there is not an agenda to privatise health services. 

On austerity: We are not the IMF, but there is an integral link. In Ghana, debt relief measures were introduced through IMF program that conditioned support on expansion of social protection through WB cash transfer program. Close connection between IMF reforms and ensuring that those don’t infringe on social services for poor and vulnerable groups and women among those groups. 

Roadmap: True it doesn’t have much on gender. On climate, which it heavily talks about, there is a lot being done at the Bank to think about the intersection of gender and climate. Thinking how we frame the climate agenda, what it means to have mitigation and adaptation and policy change for green economies and how it intersects with gender. That may not be in the public domain, this is where the Bank may be lagging in communicating what we do. Not siloed in the gender group, includes the climate team. 

On macro, I want to go through four issues to update you on past seven years. First, on the idea of the gender tag, this is the approach the Bank has taken on gender: Being intentional and strategic on closing gender gaps through WB portfolio. We are reviewing every project from design to implementation: Where does it address a gap through the four pillars of the strategy, what actions, are we tracking results… Not every project closes gaps. There are ongoing discussion on how we can ensure all projects contribute. 

Second, important point of the role of SCDs and DPFs and framing country program vision. Every SCD is reviewed for how does it address gender (again around the four pillars of the strategy). Monitor over time how SCDs respond to comments submitted by gender experts, have seen a sharp increase in coverage of gender in SCD over past eight years, a lot of colleagues are receptive. The same is true on DPFs. SCDs are all in the public domain. We did a review of gender coverage, which we can share. 

Third, WB macro portfolio – policy reforms at macro level, DPFs. Since at least 2017, we have been taking a hard look on how to leverage DPOs to address gender gaps/harms: Training macro economists who lead DPLs with academies with special sessions on gender; having a DPO gender dashboard – what are the prior actions, which have a gender focus. Bangladesh DPO had a prior action of the cabinet approving a child daycare act. Madagascar, a prior action to strengthen legal regime to prosecute GBV, and parliament enacting law. In Saint Lucia, climate risk mitigation on fisher folk, targeting women. Uzbekistan, barriers limiting economic participation with legislation guaranteeing non-discrimination in employment. What’s important here is that this didn’t happen organically. This is because the gender group took a very aggressive effort to reach out to the teams and empower them with the resources to think outside their traditional macro box. 

Under IDA20, leadership secured commitment requiring at least 10 IDA countries to make their fiscal policy systems more gender inclusive, e.g. removing tax discrimination, monitoring expenditure, fiscal policy incidence analysis. 

My pet peeve is female/male headship of households. 

Elana: As you mention, maybe transparency is part of the problem, would be useful to see those things in the public domain. 

Laura: I very much wanted to come to this panel because we are in the process of updating the gender strategy, looking to release it in early 2024, ask we are keen to receive input. We find ourselves in a very interesting period, there is a sense of urgency around crises and gender. Just wrapping up a 10 year retrospective, since 2012 when we released the WDR on gender. This created the framework. 

We see globally that progress has been slow, uneven, even reversed due to crises and backlash. Hard won gains in human capital have stalled, closing gaps in education have not translated in closing gaps in other areas, most importantly in labour market. LFP is 50 per cent for women, 80 per cent for men. In MENA and Asia only 20 per cent of women, 80 per cent men. In fragile states and LICs, there is a disproportionate deprivation for women. GBV is still alarming – one out of three women. Lack of access to key services, assets, decision-making.Young men are rarely seen more progressive than older men (e.g. work of Promundo). Women, Business and the Law tracking reforms at the weakest pace recently since tracking started. 

Take-aways: Covid great revealer. Have a lot more data and evidence on the problems and what works, and more cooperation. Recognise that social norms, collective mindsets, behaviours have very strong influence, and women’s empowerment and leadership have an important role. 

Retrospective of the Bank’s work, corportate commitments and gender tags, have helped focus on gender gaps at project and investment levels. Also strong expansion of gender staff in WB, IFC and MIGA. There is a virtuous cycle in being able to test innovation, learn from evaluation, adapt to different contexts, scale solutions. Also see country driven / focused approaches are very important, looking to build this out. 

Looking ahead in the strategy update, five focus areas:  

  • Gender dimensions of global development climate, including climate and growth, the macro economic situation, the debt crisis, countries are faced with difficult decisions in periods of austerity 
  • Gender empowerment as well as equality – not only closing gaps but also leadership 
  • Marginalised people, ethnicity, intersectionality, sexual orientation and gender identity 
  • Collective mindsets and norms 
  • Women’s leadership and synergies across outcomes 

Three implications: 

  • “equality for all” – including men? 
  • Innovation, finance & collective action 
  • Strategic country engagement 

Three outcome areas: 

  • Elevate human capital and end GBV: Gender gaps in health, education, social protection. Invest in access to quality (care) services & tech-enabled solutions 
  • Expanding economic opportunities, building on jobs and assets, emphasize care and natural assets 
  • Engage women as leaders, participation in decision-making 

My pet peeve is women and other vulnerable groups, they are not always vulnerable, they are often a key part of answers and solutions. So, what does this mean: Closing gender gaps, including men and boys, strategic country engagements. Data and evidence, more on innovation, financing and wider stakeholder engagement. Accountability in project design towards accountability for outcomes. Started initiative on thematic policy notes, have many notes already there and coming up including on climate, care, GBV and more. 

 

Questions & answers:

Luiz Vieira, Bretton Woods Project: I want to react to something you said about privatisation, Kathleen. If you look at the IFC portfolio, when Mr Diop came in, we asked him about investing on health and education. He said he believed firmly that the IFC should be investing in for profit health and education. Particularly in light of MFD approach, it’s all over the Roadmap, using public money to catalyse private investment. You also mentioned link with IMF and social protection floors – at country level we see that they are not followed up as closely as the other conditions. At the Bank there is a strong critique of targeted social protection, especially on women. We would expect that you call for universal social protection at the gender team. There is a lot of literature on financialisation, seeing a lot on financial inclusion without an analytical framework taking into account the impacts of financialisation. I find it interesting that there is no mention of human rights here – can you commit to pushing the Bank for a human rights policy? Ex ante impact assessments? Push Banga to commit to developing a human rights policy?

Kathleen: We know the IFC’s mandate is all about catalysing private financing, and it’s true there is a growing discussion on health and education there. There is a compelling case that low cost private provision is worth considering. We are behind in delivering good primary education and health services. Question if the IFC’s agenda links back to the Bank, they are very separate initiatives. In Liberia WB is investing in education and health, working with the minister, not really privatising. If you track IDA resources, you also wouldn’t see the Bank pulling back where the IFC invests, we should monitor that. 

Yes, I talked about the IMF social spending. I would be the first to tell you it’s very difficult the timing of projects – in Ghana it’s one thing for the IMF to say expand cash transfers, the other is whether that can be done in the timeframe of the IMF program, there is a time lag. Can improve how IMF and Bank collaborate there. Lot of discussion on universal social protection at the Bank, big thought piece came out, many people support USP. But in a resource constrained world, how do we get there? Don’t know if there’s an official statement on USP, but many countries are growing with the vision to get there eventually. On human rights question, this is way above my paygrade. Please reach out at KBeegle@worldbank.org 

Elaine: On the issue that Luiz raised about the IFC’s portfolio in health & education. When I mentioned private sector Bank involvement, in addition to IFC, thought about my colleagues from Oxfam. They have been for years showing data that WBG have been pushing for health & education private sector activities. We have worked with Oxfam on these issues, delivered a letter to the WB president. I was surprised to hear that you didn’t think this was still an issue. 

Leanne, Heinrich Boell Foundation: Haven’t really engaged on the WB’s specific frameworks, however, have some questions on the presentation. I have to say, just looking at that slide and hearing you’re talking about human capital and not human rights, and talking about “unleashing the potential of women”, this is horrible private sector terminology. This should be about rights, the right to development, this is part and parcel of a mindset. You are looking at the connection of gender and climate change. I am concerned this thinking is going to be translated into that as well. We are seeing a de-valuation of grant financing, it’s a question on climate justice and reparation, not development aid. Troubling history of the Bank thinking about itself as the biggest climate finance provider, but does it mainly through loans. Even if you’re not talking about it being morally reprehensive to ask the poorest countries to pay with debt for climate action (particularly for adaptation, only 15 per cent of WB financing on this is grants), for me is mind-boggling. If that is not addressed in the WB strategy or in thinking about the gender-climate connections. The WB is known as implementer of climate finance under UNFCCC, GFC, where they are obligated much more to have a human rights focus. That extends to the WB approach in dealing with indigenous peoples where free, prior and informed consultation is not the same as consent.  

Christian Donaldson, Oxfam: Need to have specific guardrails on where private sector has the most impact, have a lot of data to show that it does harm in health, e.g. a recent report in India. A woman was arrested because she couldn’t pay her hospital bills. When we worked with Elaine on the ESF, we should have a standalone standard on gender. You don’t have a policy that mandates and requires staff to pay attention to these issues. 

Mihaela Siritanu, Bretton Woods Project: Feels like we have 2 separate conversations – one about all the good stuff the Bank is doing, one about all the challenges. I think that no one is diminishing the progress the Bank has made, but there is an urgency and more needs to be addressed, especially after the pandemic. 

If the Bank is doing such a good job in mainstreaming gender, how come that doesn’t really translate into practice, where are the success stories? 

Laura: Clear commitment from Bank to USP, a lot of dialogue on how to make that happen, missing middle of the informal sector, which was so severely impacted. 

Privatisation, thorny subject. We often miss a big part of the picture, which is the legions of volunteers that are the community health workers in many countries, largely women. What can be done about that. Families and the choices they are facing, huge issues around quality of services people have access to. Sometimes it’s very low quality, informal, neither public nor private. This has fiscal, quality, access dimensions. 

ESF: A very powerful element in the WB group, sets standards that need to be adhered to. Opportunity for transparency is important. 

On human rights, it is important. One success story is gender-based violence, how much more we are paying attention to that in the WBG, supporting countries on that. Happy to share a recent presentation charting on how much we are doing in this area. In IDA20 policy commitments, GBV policy commitments, working with countries to establish systems for prevention and response. 

Elana: Huge difference in what the Bank does in DC and what happens on the ground. How much does the gender unit get out actually and monitors what happens? Are you on the ground looking at this? 

Laura: ICRs are the mechanism, gender unit not directly. Global gender unit quite small, but have architecture. 

Fiana Arbab, Oxfam Evidence continues to build on how austerity undermines states’ abilities to meet their economic and social rights. Unless the IMF  and Bank change their approach on this, their gender and inequality work will be undermined by this. 

Laura: We know it’s real, the care economy and occupational segregation. Covid was the great revealer in that respect, there are important reforms in distribution of unpaid care work, access to quality care. With the letter we’d be very happy to meet next week. We really do look forward to your engagement. 

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16 April 2015 | Minutes

Development policy financing retrospective: Emerging findings and lessons

Notes from a meeting on the World Bank's Development Policy Finance retrospective during the Word Bank spring meetings.

IFI governance

Background

16 April 2015 | Minutes

Aligning the financial system with sustainable development

Notes from a meeting on the financial system and sustainable development during the World Bank/IMF spring meetings.

IFI governance

Background

11 October 2014

Sovereign debt restructuring: options, obstacles and opportunities

Notes of a meeting on sovereign debt restructuring at the World Bank-IMF annual meetings 2014

IFI governance

Background

11 October 2014

The impact of the BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB)

Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014

IFI governance

Background

10 October 2014 | Minutes

UK civil society meeting with UK World Bank Executive Director Gwen Hines

Notes of a meeting with World Bank executive director Gwen Hines in October 2014.

IFI governance

Background

10 October 2014

IFC Update on Dinant financing

Notes of an IFC update on Dinant financing at the World Bank-IMF annual meetings 2014

IFI governance

Background

10 October 2014

Discussion with the IFC/MIGA Compliance Advisor Ombudsman (CAO)

Notes of a discussion with the IFC/MIGA Compliance Advisor Ombudsman (CAO) at the World Bank-IMF annual meetings 2014

IFI governance

Background

10 October 2014

From interim strategy to full country partnership: lessons from Myanmar

Notes of a meeting on Myanmar's transition to full country partnership at the World Bank/IMF annual meetings 2014

IFI governance

Background

9 October 2014

Financing for development: What actions are needed on debt and illicit capital flows?

Notes of a meeting on financing for development at the World Bank-IMF annual meetings 2014

IFI governance

Background

9 October 2014

Matching money and expertise: ensuring conflict sensitivity is top of the agenda for the bank's fragile state financing

Notes of a meeting on matching money and expertise at the World Bank-IMF annual meetings 2014

IFI governance

Background

9 October 2014

After SCOTUS: Next steps in sovereign debt restructuring

Notes of a meeting on sovereign debt restructuring after SCOTUS at the World Bank-IMF annual meetings 2014

IFI governance

Background

9 October 2014

IFC lending through financial intermediaries - a year on from the action plan, what have we learned?

Notes of a meeting on IFC lending through financial intermediaries at the World Bank-IMF annual meetings 2014

IFI governance

Background

8 October 2014

Governance and impact report 2014

Notes of a meeting on governance and impact report 2014 at the World Bank-IMF annual meetings 2014

IFI governance

Background

8 October 2014

Comparative analysis of social and environmental safeguards in IFIs

Notes of a meeting on comparative analysis of social and environmental safeguards in IFIs at the World Bank-IMF annual meetings 2014

IFI governance

Background

8 October 2014

Emerging markets in transition: growth prospects and challenges

Notes of a meeting on emerging markets in transition at the World Bank-IMF annual meetings 2014

IFI governance

Background

8 October 2014

Making PPPs work

Notes of a meeting on how to make PPPs work at the World Bank-IMF annual meetings 2014

IFI governance

Background

7 October 2014

CSO roundtable with Executive Directors

Notes of CSO roundtable with Executive Directors at the World Bank-IMF annual meetings 2014

IFI governance

Background

7 October 2014

CSO land rights and resettlement

Notes of a meeting with CSOs on land rights and resettlement at the World Bank-IMF annual meetings 2014

Conditionality

Background

22 April 2014 | Minutes

Reforming IMF conditionality. Where do we stand?

IFI governance

Background

12 April 2014

An overview of the World Bank Group's new country engagement model

Conditionality

Background

12 April 2014

IMF recommendations to Arab countries in transition: Challenges & prospects

Finance

Background

11 April 2014

Financial tremors in developing countries: is another earthquake on the way?

IFI governance

Background

11 April 2014

What does real accountability mean in practice?

IFI governance

Background

9 April 2014

Mega-project mania?

IFI governance

Background

23 January 2014 | Resource

Recommended resources on the World Bank and IMF 2013

The best papers, books and electronic resources on the World Bank and IMF from 2013.

Rights

Background

14 October 2013 | Minutes

Review and update of the World Bank’s safeguard policies

Minutes from a side event with the World Bank safeguards team presenting an update on the review process during the World Bank/IMF annual meetings 2013.

IFI governance

Background

13 October 2013 | Minutes

Meeting president Kim’s pledge of “no dilution” for safeguards

Minutes of a civil society meeting on upward harmonisation of World Bank safeguards during the World Bank/IMF annual meetings 2013.

IFI governance

Background

13 October 2013 | Minutes

Continuing conversations with CAO

Minutes from a CAO sponsored event during the 2013 World Bank/IMF annual meetings.

IFI governance

Background

13 October 2013 | Minutes

World Bank Group strategy and reform process

Minutes from a World Bank sponsored event on the new World Bank Group strategy during the 2013 WB/IMF annual meetings.

IFI governance

Background

13 October 2013 | Minutes

Why the Bank and Fund provide too little debt relief too late – and what can be done about it

Expert panelists discuss the need for comprehensive and automatic debt restructuring mechanisms, at the Annual Meetings 2013 civil society forum

IFI governance

Background

13 October 2013 | Minutes

Is the European recovery finally under way?

CEPR event at the 2013 civil society forum on whether a recovery is under way in Europe; held as a debate between Prakash Loungani of the IMF's research department and Mark Weisbrot, CEPR co-director.

IFI governance

Background

13 October 2013 | Minutes

Subsidy reform in Arab countries: Reflection on IMF recommendations

New America Foundation civil society event on subsidy reform in Arab countries, held in the civil society forum of the 2013 IMF/World Bank annual meetings

IFI governance

Background

12 October 2013 | Minutes

Austerity and Inequality in Europe

Minutes from Oxfam-hosted civil society seminar at 2013 Annual meetings on European austerity and inequality

IFI governance

Background

10 October 2013 | Minutes

IMF consultation: CSO views on fiscal transparency policy

Minutes of an IMF consultation on fiscal transparency policy

IFI governance

Background

25 April 2013 | Minutes

Doing Business at the crossroads: ten years

Spring meetings side event hosted by the Center for Strategic and International Studies on 19 April 2013

Infrastructure

Background

23 April 2013 | Minutes

Colombia case study: results measurement and poverty eradication

This session examined Colombia's private sector partnerships and poverty eradication programme.

IFI governance

Background

23 April 2013 | Minutes

The private sector and poverty eradication

This session gave an overview on the links between private sector and healthcare provision in tackling poverty.

Accountability

Background

22 April 2013 | Minutes

Bending the arc of poverty

The session focused on the World Bank's development strategy, poverty eradication goals, global inequality, and the threat of climate change.

Accountability

Background

22 April 2013 | Minutes

Financial and housing crises, the Bank's safeguards and the right to adequate housing

This session featured a presentation from UN special rapporteur on the links between financial and housing crises, safeguards and the right to adequate housing.

Accountability

Background

22 April 2013 | Minutes

The challenges of advancing sustainability at the World Bank

This panel discussion reflected on the major sustainability challenges facing the World Bank through exploring two World Resources Institute areas - a portfolio analysis on 2012 projects, and the interaction between country systems and World Bank safeguard approaches.

IFI governance

Background

22 April 2013 | Minutes

From the Arab revolutions to global austerity trends

This session examined issues thrown up by the Arab revolutions, including the fiscal, monetary, tax and investment policies being considered by governments facilitating, or hindering countries in the Arab and other regions in building an inclusive economy and supporting socioeconomic recovery, the impact on public expenditure for the strengthening of education, health, and other social sectors as well as the management of chronic and high unemployment and high food and fuel prices.

IFI governance

Background

18 April 2013 | Minutes

After recent court decisions: how can sovereign debt workouts become fair, comprehensive and account

This session examines the challenges which recent court decisions pose to sovereign debt workouts that allow for burden-sharing and take into account the social development needs of debtor countries.

Knowledge

Background

18 April 2013 | Minutes

Frameworks to support IMF policy advice to low-income countries

This event examined financial Sector Surveillance in Low Income Countries - Financial Deepening and Macro-stability Financial Deepening and Macro-Stability

Accountability

Background

18 February 2013 | Minutes

UK Civil Society Meeting with Minister of State Rt Hon Alan Duncan MP

This was a meeting on 1 October 2012, between the Minister of State of the UK's Department for International Development (DFID) and civil society representatives, focusing on the World Bank.

IFI governance

Background

13 October 2012 | Minutes

World Bank Inspection Panel at 19: Some Lessons for Safeguard Policy

This panel discussion centered on the possible policy lessons for the Safeguard Review of learning from the emblematic or most frequently registered cases of non-compliance with Bank safeguard policies, particularly project supervision, environmental assessment, and involuntary resettlement.

IFI governance

Background

13 October 2012 | Minutes

Think tanks: promoting local solutions, influencing global thinking

This session brought together representatives of three leading policy research organizations from Bangladesh, Tanzania and Ecuador, to share their experiences and analysis of the potential of think tanks to promote local solutions and influence global thinking.

Infrastructure

Background

13 October 2012 | Minutes

Post Fukushima: The Role of the Financial Sector in Energy Future

This session introduced the audience to an overview of global energy issues and specific analyses of the environment and economic impacts of Fukushima nuclear power accident, and discussed the roles of the financial sector in viable global energy future.

Accountability

Background

12 October 2012 | Minutes

Doing business report rankings

This session will bring together experts from labour, development and business organizations to highlight issues and perspectives that need to be part of the review of these influential rankings.

Accountability

Background

12 October 2012 | Minutes

IMF consultation meeting on engagement with civil society: review and way forward

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

IFI governance

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.

Accountability

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.

Accountability

Background

3 August 2012 | Minutes

IFI re-engagement in Burma

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

Accountability

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.

Accountability

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

Accountability

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

Accountability

Background

19 April 2012 | Minutes

Supporting Social Accountability for Better Results

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

Accountability

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

Knowledge

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

Social services

Background

23 September 2011 | Minutes

Seminar - Gender Equality Matters: The Way Forward

Notes of meeting, Washington DC, September 21, 2011

Accountability

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

Accountability

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

Accountability

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

Accountability

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

Accountability

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

Accountability

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.

Accountability

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.

Accountability

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

News

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.

19 July 2023

IFI governance

Background

IFI reform, Bridgetown & climate finance: Critical civil society perspectives

Notes from Civil Society Policy Forum panel on 12 April titled "IFI reform, Bridgetown & climate finance: Critical civil society perspectives."

12 May 2023 | Minutes

IFI governance

Analysis

G24 communiqué analysis Spring Meetings 2023: In a world in crisis, BWIs need bold reform

The G24 communiqué of the 2023 Spring Meetings left no doubt about the gravity of the state of global affairs, including rising extreme poverty, food insecurity, migration and forced displacement.

19 April 2023

IFI governance

Analysis

Development Committee chair’s statement analysis Spring Meetings 2023: Division among Bank’s shareholders leaves ‘evolution roadmap’ at a cross-roads

Lack of consensus over Ukraine conflict meant Development Committee once again failed to agree a communiqué, with split also emerging over sources of funding for Bank’s expanded mission.

19 April 2023

IFI governance

Analysis

G20 press briefing analysis Spring Meetings 2023: Deep divisions and limited ambitions hinder response to the polycrisis

Despite pressing global issues, including a mounting debt crisis in low- and middle-income countries, the G20 failed to release a communique following the meeting of its finance ministers on 13 April at the World Bank and IMF Spring Meetings.

19 April 2023

IFI governance

Analysis

IMFC chair's statement analysis Spring Meetings 2023: Optimism and complacency at odds with growing desperation of Global South stakeholders

The IMFC again did not issue a communiqué as it could not agree on language on the war in Ukraine. A chair’s statement was issued in lieu of the communiqué and emphasised the resilience of the global safety net system, better than projected conditions and concerns about significant challenges.

19 April 2023

IFI governance

Analysis

V20 communiqué analysis Spring Meetings 2023: Climate vulnerable countries call for global financial architecture fit to tackle climate and debt emergencies

V20 called for substantive debt relief and increased concessional financing to help break vicious cycle of debt and Loss and Damage, and spur ‘climate-positive development’.

19 April 2023

IFI governance

Analysis

Spring Meetings 2023 Wrap up: Bretton Woods Institutions fail to deliver a transformative ‘evolution’

In the absence of transformative reform blocked by geopolitical fragmentation, the World Bank and IMF continue addressing global challenges with short-term, misguided measures of trickledown economics and private sector over reliance.

18 April 2023

IFI governance

Background

Voices of the Global South: Taxation and polycrisis

Notes from Civil Society Policy Forum event on April 14 2023 titled "Voices of the Global South: Taxation and polycrisis"

14 April 2023 | Minutes

IFI governance

Background

Time to get Macro? Gendered effects of World Bank macroeconomic policy amidst IFI reform

Notes from the CSPF panel "Time to get Macro? Gendered effects of World Bank macroeconomic policy amidst IFI reform" on Friday the 14th of April 2023. 

14 April 2023 | Minutes