IFI governance

Background

The B-Ready Project: A significant departure from the Doing Business Report?

12 October 2023 | Minutes

Flyer of CSPF on 12 October 2023, titled: The B-Ready Project: A Significant Departure from the Doing Business Report?

Moderator:

  • Joel Odigie, Deputy General Secretary, African Organisation of the International Trade Union Confederation

Panelists:

  • Maju Varghese, Associate Director, Centre for Financial Accountability

  • Ashina Mtsumi, Tax and Education Alliance Coordinator, ActionAid International

  • Luiz Vieira, Coordinator, Bretton Woods Project

  • Norman Loayza, Director, Global Indicators Group, World Bank

 

Joel: The World Bank has been publishing the Doing Business Report (DBR) for a long period of time. DBR was not filling the purpose for what it was created. The WB decided to review DBR and an independent panel was constituted to perform such review. But to what point did this review led to a better product? This is what this session will try to address in light of concerns raised regarding Business Ready (B-ready) report, for instance around the methodology.

Since December 2022 when the Bank published the concept note on B-ready, there have been several concerns. The directors approved the report, but we did not have a chance to negotiate, it was not shared with us before they launched it. As an organised labour group, our position is that B-ready does not offer tracking methods and uses an obscure methodology.

When you look for example at issues around labour concerns from the DBR to the B-ready, one finds that is actually the same method. It’s just a label washing.

We would like to have a franc conversation and we hope to present some alternative ideas on how we think we can do better, and hope the Bank will listen.

Norman: B-ready is a new project of the WB that measures the business environment.

I should start by telling you a bit about my group: I’ve been in development economies for 30 years, most of my career in research.

Three years ago I became director of the global indicators group, part do the development economics vice-presidency of the Bank.

Our mandate is to produce data and analysis for private sector development. Why the private sector? Because it is the engine of growth, it provides 90% of employment in developing countries and contributes 80% on tax revenues. It is key to develop economy and reduce poverty.

When talking about private sector I do not talk about big corporations but a very wide set (for example, including from skilled workers to workers that have just joined the workforce)

We have 4 programmes:

  • B-ready
  • Subnational B-ready, which is the same but at the regional level, because there are many differences even within countries
  • Enterprise surveys. It’s the world’s more comprehensive firm-level survey
  • Women, business and the law

Let’s concentrate in B-ready: One of the corporate flagships (there’re only 3 or 4), and the only one that tries to assess the business environment.

It’s a quantitative assessment, it’s not about words, we present this with numbers.

Development purpose consists in three parts:

  • Reform advocacy: Open doors and dialogue between actors, and governments, CSOs…. There’s an appetite for reform in the private sector.
  • Policy advice: Inform specific policy advice, covering a wide spectrum of areas relevant to firms and markets and showing how and by how much economies lag behind good practices.
  • Development research: We want to encourage research that help us understand what does and what does not work, Support social and economic research o drivers and consequences of private sector development.

In the new approach we try to improve the balance. How have we improved this balance?

  • Whereas DBR was more about the ease of conducting business from the perspective of a firm or entrepreneur, now we look at the private sector as a whole. We also take into account the benefits of broader actors (i.e workers, the environment)
  • DBR was very heavy on eliminating regulatory burden. But now in addition, we’re providing a guidance for regulatory quality and the public services needed to comply with the regulatory burden, giving a more positive view of what governments can offer.
  • We used to have much emphasis on the laws but now is more emphasis on the de facto implementation of those norms. We are going to actually ask firms about the business environment that they face.
  • DBR was based on case studies about particular small and medium size enterprises to obtain the comparability among countries, with the problem that it was not representative of different economies, but now we have expanded the ratio of firms we take into account, from the very small to the largest firms.

Three pillars under B-ready:

  1. Regulatory frameworks – the laws and regulations
  2. Public services – both directed to improve compliance and the regulatory framework.
  3. They both will measure efficiency.

Ten topics under the new framework, covering the full spectrum, from opening a business to closing a business (business entry, location, operating and expanding, utility services, labour, taxation….)

Under B-ready there will be 2 sources of data collection:

  1. Expert consultations: They will tell us about the first 2 pillars (regulatory framework and public services)
  2. Firm level surveys, run by expert consultations and conducting national and representative surveys of firms. The data collected will be for the efficiency pillar.

Regarding scoring: The way we will score will be by aggregating points that are assigned to each of the indicators for each of the three pillars. The we will add up the points and then get one score for each of the 10 topics.

In order to be consistent we’re going to take indicators that measure the spectrum of entrepreneurs, but also that measure broader public interests. We also give positive points for regulations and public services that benefit workers. But we also give points for those actions that benefit private.

We hope that at the end you will be more aligned to what we do, which is critical for the benefit of workers.

In terms of labour, for example:

  • For business: labour is a critical factor for the production of business.
  • For workers: income is the path out of poverty; protection: Labour regulation provide social protection and a reasonable level of stability; inclusivity: Formal sector provide inclusivity

We want to collect data with the highest level of standards and transparency. We will be making publicly available all the data we collect.

Luiz: I’m going to step back and take a more structural approach to the discussion.

We acknowledge there’re some positive changes in the B-ready relative to DBR, ie discussions on social protection.

The central concern is that a B-ready project is a modified extension of the DBR, with the same premise that private sector is the solution for development.

We are not anti-private sector, we are not naïve. We are not against de-risking industrial policy, but the key question is how this is done and addressing the balance of power between the actors that are involved.

B-ready project is related to the wider criticism we have of the WBG’s evolution. B-ready is an essential flagship of the result of the evolution roadmap (as you mention). The evolution documents explain very clearly that the Bank recognises we’re in a crisis of development. And if you read through the documents, at various stages eluding to a request for further capital increase down the road, it says the Bank has been pivotal pillar of the economic development landscape and that it should be trusted going forward to continue to lead.

I find it striking that the two issues are never connected: WBG as a key development actor, and recognise there’s a crisis, but the evolution does not make the connection of to what extend has the WB programmes, such as B-ready, contributed to this crisis of development? How does it not talk about how it has contributed to the climate crisis, inequality, commodity dependency…? We do not see these issues addressed in the roadmap.

The 2021 independent review report of the DBR notes among the evidence base that in most cases research related to the DBR makes not casual claims that DBR will lead to better development outcomes, which is supported by the findings in the 2013 independent review of the DBR.  To us this is a key question: Your premise that increased private sector development necessarily results in development outcomes. We have to question that.

There is no mention on the evolution or B-ready of the social benefits. The WBG lacks a human rights policy – how are you measuring social benefits and, is that measurements complaint with international human rights laws?

Another thing I would like to hear your opinion upon is about DBR look at country level – fine, but countries do not work in isolation. This is related to the continuous commodity dependence – how is B-ready going to support states through regulatory framework to provide a business enabling environment for a green economic transition? I do not see that in the document.

There are also many references in the document about best practices but, going back to my central point, I would like to see the substantiation in evidence that the best practices guidance used by the document has shown itself to have good development outcomes.

Many of the refences in the documents keep referring back to WBG studies and documents as the sources.

We need to think about what are the foundations of positive development outcomes that are rooted under international human rights legislation.

Maju: I would like to bring some country context of what the earlier versions of the DB have done, specifically from India.

India’s ranking in the DBR report came at a huge cost, for instance in regulations. The ease of doing business is not only about the indicators. Development indicators do get ranked, but this is a push for less government and a strong agenda for privatisation of economy.

What we have witnessed is corporate taxes being reduced, introduction of simple tax systems for financial market reforms, reducing production and the rights of the trade unions. All this was witnessed under the earlier version of the DBR. This is how deregulation has been pushed under the earlier report.

It’s not only about the national level, but it is also about when a country work with the Bank to bring reduced regulations at the subnational level, with regions competing among them to bring investment via lowered regulations. This all leads to huge inequality within the country in terms of bare investment floors: Those states that succeed in lowering regulations and reduced labour compliance get more opportunities.

If we look into certain concrete examples instead of the macro picture, in India half of the changes made have been in the form of relaxation, which have negatively impacted the laws designed to protect them.

The business regulations are a bottle neck under the DBR.

If you look for example at forest clearance, there has been huge relaxation happened related to the easy of doing business. In this case it’s not only about DBR but about the echo system created. There is a study in India that shows that only one request for forest clearance was rejected. 99% were given because they did not want this to be seen as a bottle neck for businesses. This is the kind of impact the Bank should understand when they advise on policy reforms on forests, for example.

What is the report doing to bring legitimacy to the government? The report legitimises watering down the regulations existing in the country. Implementing business friendly policies, it’s clear their best interest is not in the social end development interests.

The Bank needs to understand these are not academic exercises. The tools are in the hands of people, capitalists, that what they want is to extract more from nature, and pushing for business has a broad impact in maintaining a liveable planet and bringing share prosperity.

This only works for a few and bring large inequality impacts.

We need to step back and see the essence of this destruction and look at the B-ready, which will give legitimacy to the governments. Its role is not to measure the development indicators, but changing the economic system.

Ashina Mtsumi: I would also like to look at the structural considerations.

Would like to remind everyone that the B-ready is not implemented in a vacuum but in a context of batting austerity that has been imposed by the WB and the IMF, crippling public systems in Africa and Indonesia.

In a new AA report, it has been shown that 80% of 15 countries studies were advised to cut or freeze spending on public sector wages as percentage of their GDP. In Kenya for example, the government was advised to reduce spending on wage bills from 4% to 3.6% of GDP. Even though it was not much to begin with, they’ve been advised to shrink it even further. Even when there’s advice in these reports to protect public sector, workers, etc., this rarely works in practice. Education and health are the vast of public sector workers and are inevitably affected whenever governments attempt to implement this advice. And this is happening in a context in which we have a desperate shortage in education and health workers.

Within the context enters the B-ready approach.

There’re already concerns about significant differences between DBR and B-ready, for example on the key impacts, especially on the systems and structures that people in the planet need to survive and for the enjoyment of human rights.

One of the key issues, for example, is taxation: The impact of pushing governments to really reduce the amount of taxes they collect from business and deregulation, as well as weakening of social protection and services for the work force.

In education, 97% of education budgets are financed by domestic resources. It’s critical to strengthen domestic services, which we know can be done through taxes, as the most sustainable way, and has the highest potential to increase the fiscal space to fund education, healthcare and a number of other public services.

If we want to encourage an approach that leads governments to prioritise easing the tax burden of corporations, rather than increasing the fiscal space to set up the public system that we need, then there’s a fundamental flaw in that approach. It makes us think about the systemic impact of the project intervention.

Advocating for deregulation of private specially in social services. These are connected to education, health, these are fundamental needs, things that we cannot avoid. No one should be denied access to education, healthcare. But when we deregulate, when we take a position where there’s an assumption that regulation is an undesirable burden on businesses and trust the market to self-regulate and people to choose whatever works for them, there’re a couple of flaws in that logic. The assumption that a choice can be made if a person is given an option. Many people unable to reach public hospitals and education, they-re forced to rely on private services. They’re not making a choice. We’re not against private sector but it’s important to recognise there’re certain spaces where we need to be conscious of the effect of private sector and be mindful of the systemic impact of the overreliance on the private sector.

I would like to emphasise that there’s been significant evidence from civil society, human rights experts, even from some governments, acknowledging that it’s impossible to ensure that everyone is able to enjoy their human rights and flourish without a significant investment and provision of public services.

I would really like to hear from Norman on the nuance measures that they have introduced in B-ready to make sure public services are protected.

 

Questions and answers

Alex Campbell (ITUC): I wanted to appreciate the Bank’s intervention about this being quantitative research, not about words. There’s tension I see between B-ready as analytical tool (asking the particular question about the ease of doing business) while DBR proclaimed itself as a development tool. Given the narrower scope of consultations, how can that not be used to generate positive development reforms?

From Morocco customs administration representative: DBR was abandoned under credibility issues. How are these issues supported in B-ready report?

Roos Saalbrick (Action Aid): coming from a panel with Kristalina Georgieva, Ajay Banga and Zambia prime  minister. Kriatalina mentioned she was in Zambia where visited a school. She mentioned countries need more finance. No mentions of regulation whatsoever. How would be this project different in regulating business/finances and help countries to have more public finance? How would this be different? What would be the impact this analytical tool will bring?

Katelyn Gallagher (BIC): do you consult with labour leaders and trade unios as part of these consultations mentioned? One of the main criticisms against WB knowledge provider role is that it’s not as connected to the Bank’s operational side as it should be. In B-ready, is there an aim to shift to how the Bank takes the knowledge and use it in its operations? (And learning from its successes and fails)

CSO representative from Islamabad: there have been no issues discussed about Southeast Asia. There has been unprecedented flooding, hundreds of children left school during Covid… No big research or outputs during these sessions on how to improve our learning about disasters. AS CSPF we need to think how we can engage and get better in this direction.

CSO representative from environmental organisation in Morocco: I have a worry: in the B-ready report, there’s the question of labour. It talks about minimum protection, regulation, minimum wages, social protection… I guess the rights of workers, freedom are not respected – with the reduced regulation, workers are not respected. What is the new report doing to address that? What is that the report is going to do to protect workers’ rights?

Norman: I would like to make a few points.

This is a business ready, it’s not about everything ready. We need to be humble with respect of the scope of the project. What we’re saying is that we think that the private sector can contribute to the solution.

Second point is that we’re not driven by any ideology. We’re very pragmatic and we believe we’re based on evidence. It’s easy to say that we’re not based in good practices, but if we go case by case and discuss indicator by indicator, we can show how this is all based in good practice, in the evidence that we’ve seen.

Third point is in terms of workers. Looking at the regulatory framework sheet you will see that there’re points in terms of regulations that favours workers. It takes into account also workers that are outside the formal economy. I do not see that level of imbalance. It is the first time you can combine workers with business interests. The discrepancy you mentioned is not really reflected in the indicators or in this cause.

Fourth: on social protection I would say we’re more ambitious than you are as you only raise social protection for formal workers and this being paid for by the firms. We want social protection for everyone that works, formal and informal. We are not making business responsible for social protection, but states.

We insisted a lot in the private sector-led economy. Looking at the risks, like low growth, climate change, demographic pressures, the state is not going to produce the solutions for everything, because now they’re in a burden. Growth and employment must come from somewhere else, and that’s the innovation and value provided by the private sector.

Regarding environment: this project recognises that the environment is vital for long-term sustainability of the private sector. We include many regulations on the environment, in fact it goes along the 10 topics I told you about before.

We are also worried about biodiversity and we think the solution is to provide more jobs in places, cities, factories that are not in places where this biodiversity can be put at risk. If you look at the data, you’ll see the informal factories and informal workers are the ones that really put biodiversity in danger. For instance, informal mining.

On credibility of what we do: We have a very robust governance, which does not mean is perfect, but it’s designed to avoid manipulation of data, based on robust protocols.

Final comments by panelists:

Luiz (to Norman): This is not us against you. We did appreciate your presentation and the details. Going back to my first point: When you say the indicators are for good practice, I would like to sum up a little bit. The WB discussion about its focus on the scorecard to measure development outcomes and saying they now are in a position to show development outcomes. But then, what was the Bank doing prior this? Why has the Bank then not been able to show success? Human rights are not to be discussed here, but they’re fundamental to this institution. The Bank does not take human rights – when you talk about good practises, what are the development outcomes of those good practices? B-ready is very country-specific, but there’re other issues, how does the b-ready take into account other relevant issues that are country-specific, such as trade balance, agreements? Countries are now competing for scarce FDIs. We appreciate the things you’re saying are good for the economy (better social protection, etc) but these are fundamental human rights that should not be instrumentalised.

Maju: How is the set of indicators a tool for all the countries from North to South? We need to move beyond these global indicators to measure everything from how economies are good for private.

When we talk about informal labour, I do not agree with this statement that they’re the ones that have been contributing to destruction.

When we talk about informal, we’re not talking about mafias, we’re talking about communities.

I’m still sceptical that this report will bring any good to the economy. This should not be called B-ready but “be economics ready for the private sector.”

Ashina: I understand B-ready is not everything ready. We understand it’s not trying to solve every single problem. We understand this and we emphasise with the task you have ahead of you. I need to add that the project aggravates the problem. It should not operate in a way that makes other existing issues worse. We are happy to hear you want social protection for all, but for us to make this possible we need to support the state to deliver on that. And this all goes back to the question of systemic impacts of B-ready.

BIC mentioned the lessons learned from the IFC investments in private education. The IEG review of the IFC investments in education flagged that there’s potential for investments in private school to exacerbate inequality and have unintended undesirable spill overs. There’s an opportunity for the Bank to learn from itself and have a look at the issues and problems that have already been flagged.  An overreliance of private sector has negative effects for communities and marginalised groups. They do not take the extra investments to ensure services are accessible for people in need. Research shows there’s a deepening in inequality and discrimination when there’s overreliance on the private sector.

I hear you saying you are to focus on women empowerment, but again, this, in a flawed framework is problematic. The deregulation, reduced security and public services that come with private sector, have a direct impact in women and girls. And when the system fails (meaning there’s not investment for example) they are the ones taking the largest share of unpaid work. We need to focus on systemic impacts and move to learn from the evidence that civil society has to share and be willing to take a step back and B-ready to adjust if there’s a need for that.

Joel: just a small reminder to the very interesting comments from your boss, Norman, on how this would add to the issue of inequality. His response was: How do you help countries that are going to pay development fees to think very careful about the economy they want to have in 5 or 10 years time.

What we’ve seen is that B-ready is not ready to help do that. Criticism are legitimate for everyone. But it’s more about the people in the ground. When you talk about the evidence, I was stroke by that. Maybe that’s just because you talk about your own data, your own references. From where I sit in Togo the evidence does not support that. The evidence shows that for one worker there’re 6 dependants with no jobs. When you talk about what’s ambitious for social protection, we really do want that, that everyone has access. It’s not enough when you talk about creating jobs. Then you only have many business and factories, but these workers that are working, when they take their pay check home, they are still poor. They are working but they are poor. They cannot afford to take care of themselves. Finally, can really the Bank be genuine and do real consultation? And really disclose information?

Norman: I know you have your views and comments and I respect them. But I need to say that even though this is not a human rights project, the focus on job is about human rights (jobs with respect, where you’re not discriminated, right to have a job in a liveable planet, etc). We are also in an agreement of who we want to benefit. We do not want to benefit the private sector. We want to benefit the workers, the informal sector, the common workers….

Luiz: It would be amazing for you group to take the B-project to advocate for human rights. I’m not expecting that you tell me you’re going to do it now in public, but it would be great to know we could have your support internally.

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Background

6 October 2021 | Minutes

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.

IFI governance

Background

6 October 2021 | Minutes

IMF surcharges: A necessary tool or counter-productive obstacle to a just and green recovery?

Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.

IFI governance

Background

4 October 2021 | Minutes

Making the Most of Special Drawing Rights: Approaches to maximise impact and create a sustainable and just recovery

Notes from the Civil Society Policy Forum session on 4 October on the ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights.

IFI governance

Background

29 September 2021 | Minutes

Covid-19 recovery: from government response to private sector-led sustainable growth

Notes from the Civil Society Policy Forum session on 29 September on fiscal measures to promote sustainable growth during the longer-term recovery phase.

IFI governance

Background

25 March 2021 | Minutes

An economic future for whom? The Cascade/MFD and recovery

Notes from the virtual Spring 2021 Civil Society Policy Forum on 25 March 2021.

IFI governance

Background

20 April 2018 | Minutes

A lost decade for human rights? Assessing austerity and its alternatives 10 years on from the financial crisis

Notes from the 20 April Civil Society Policy Forum session on assessing austerity and its alternatives 10 years after the global financial crisis at the World Bank and IMF's Spring Meetings.

IFI governance

Background

19 April 2018 | Minutes

Financing development through financial intermediaries: Exploring best practices in transparency

Notes from the 19 April Civil Society Policy Forum session on financing development through financial intermediaries at the World Bank and IMF Spring Meetings.

IFI governance

Background

19 April 2018 | Minutes

Financial crisis 10 years on. Has the response to 2008 laid the foundations for the next?

Notes from the 19 April Civil Society Policy Forum session on the response to the 2008 financial crisis at the World Bank and IMF's Spring Meetings.

IFI governance

Background

19 April 2018 | Minutes

The promotion of Public-Private Partnerships – exporting a failed model?

Notes from the 19 April Civil Society Policy Forum session on the World Bank's promotion of public-private partnerships at the World Bank and IMF's Spring Meetings.

IFI governance

Background

18 April 2018 | Minutes

Big Shift: How can the Development Banks align with the Paris Agreement?

Notes from the 18 April Civil Society Policy Forum session on aligning multilateral development banks with the Paris Agreement at the World Bank and IMF's Spring Meetings.

IFI governance

Background

18 April 2018 | Minutes

Can the World Bank improve energy access for the poor? The importance of transparency in achieving the SDGs

Notes from the 18 April Civil Society Policy Forum session on the World Bank's approach to financing energy access at the Work Bank and IMF's Spring Meetings.

IFI governance

Background

13 October 2017 | Minutes

Great expectations: Is the IMF turning words into action on inequality?

Notes from the 2017 World Bank and IMF Annual Meetings session on the IMF's approach to inequality, 13 October.

IFI governance

Background

12 October 2017 | Minutes

Diagnosing governance challenges in the extractive sector: The Resource Governance Index and beyond

Notes from the 2017 World Bank and IMF Annual Meetings Civil Society Policy Forum session on the challenges of effective governance of the oil, gas and mining sectors in resource-rich countries.

IFI governance

Background

11 October 2017 | Minutes

Civil Society Townhall 2017

Notes and video from the 2017 World Bank and IMF Annual Meetings session of the Civil Society Town Hall, 11 October.

IFI governance

Background

11 October 2017 | Minutes

The challenges of financing infrastructure in developing countries through PPPs: A focus on contracts and laws

Notes from the 2017 World Bank and IMF Annual Meetings session on financing infrastruure in Latin America through PPPs. This session aims to discuss the main challenges pose by the widespread promotion of PPPs and its impacts in particular Latin American cases.

IFI governance

Background

11 October 2017 | Minutes

Funding energy access for the poor: Can the Bank meet the Challenge?

Notes from the 2017 World Bank and IMF Annual Meeting Civil Society Policy Forum session on energy access, 11 October.

IFI governance

Background

10 October 2017 | Minutes

Measuring impact – an overview of IFC’s new approach to measuring development impact

Notes on the IFC's new approach to measuring development impact at the Civil Society Policy Forum 2017, 10 October.

IFI governance

Background

7 October 2016 | Minutes

The new World Bank environmental and social framework: Opportunities and challenges for implementation

Notes from a side event on implementation of the new World Bank environmental and social framework, which took place during the World Bank-IMF 2016 annual meetings.

IFI governance

Background

10 November 2016 | Minutes

UK civil society meeting with DFID: Annual meetings and IDA

Notes of a UK CSO meeting with DFID on the annual meetings and the IDA process 23 September 2016.

IFI governance

Background

7 October 2016 | Minutes

Recurring debt crises in sub-Saharan Africa and the rise of bond issuance

Notes from a side event at the IMF/World Bank 2016 annual meetings launching a new report on bonds issuance in Nigeria, Zambia and Ghana, followed by a panel discussion on government bonds as a debt issue.

IFI governance

Background

6 October 2016 | Minutes

The role of IFIs in assessing the impact of tax incentives and tax competition on inequality

Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the link between tax incentives, reduced revenue mobilization and inequality, as well as addressing tax capacity building efforts.

IFI governance

Background

6 October 2016 | Minutes

Stopping vulture funds through national anti-vulture laws

Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the issue of vulture funds from various angles, as well as possible solutions.

IFI governance

Background

6 October 2016 | Minutes

Evaluating citizen engagement in World Bank operations

Notes from a side event on citizen engagement in World Bank operations, which took place during the World Bank-IMF 2016 annual meetings.

IFI governance

Background

6 October 2016 | Minutes

Equity, inclusion and education: Examining evidence on low-fee private schools

Notes from a side event on privatisation of education and low-fee private schools, which took place during the World Bank-IMF 2016 annual meetings.

IFI governance

Background

4 October 2016 | Minutes

Emerging Lessons from Indigenous Peoples’ Cases

Notes from a side event on emerging lessions from indigenous peoples cases of the Inspection Panel, which took place during the World Bank-IMF 2016 annual meetings.

IFI governance

Background

4 October 2016 | Minutes

CSO roundtable with World Bank Group Executive Directors

Notes from a CSO roundtable with World Bank Group Executive Directors at the IMF/World Bank 2016 annual meetings.

IFI governance

Background

17 April 2016 | Minutes

IMF Fiscal Forum - International Taxation: Opportunities & Risks

IFI governance

Background

17 April 2015 | Minutes

Safeguard policies review

Notes from a meeting on the World Bank safeguards review during the World Bank spring meetings.

IFI governance

Background

17 April 2015 | Minutes

What are the trends in the energy sector?

Notes from a meeting on energy during the World Bank spring meetings.

IFI governance

Background

17 April 2015 | Minutes

Ebola debt relief – Implications and next steps

Notes from a meeting on Ebola during the World Bank spring meetings.

IFI governance

Background

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

IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga at the World Economic Forum Annual Meeting 2024 in Davos-Klosters, Switzerland, 17 January. Credit: World Economic Forum / Benedikt von Loebell

IFI governance

Analysis

Spring Meetings 2024 Preamble: Bretton Woods Institutions continue to sleepwalk through crises as 80th anniversary of Bretton Woods Conference approaches

At a time when transformative changes on governance and development financing are required, the World Bank and IMF have instead opted for a slimmed down Spring Meetings schedule.

11 April 2024

IFI governance

Background

An Evolution Roadmap responsive to development crises? Towards an external evaluation of the World Bank’s cascade

Notes from the Civil Society Policy Forum on 11 October 2023 titled, "An Evolution Roadmap responsive to development crises? Towards an external evaluation of the World Bank’s cascade."

11 November 2023 | Minutes

IFI governance

Analysis

Marrakech Annual Meetings Wrap-up 2023: Bretton Woods Institutions wilt in the desert, as ‘pragmatism’ fails to resolve urgent crises

Incremental changes paper over deficiencies of status quo, as civil society calls for the radical change required to meet the moment.

18 October 2023

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2023: Climate vulnerable countries demand more voice at Bretton Woods Institutions

V20 seeks confirmation of official observer status at the Bretton Woods Institutions by COP28, as IMF quota review fails to give greater voting power to climate vulnerable countries.

18 October 2023

IFI governance

Analysis

G24 communiqué analysis Annual Meetings 2023: Scramble for 'last resort' support to struggling countries

The Annuals 2023 G24 communiqué for reiterates an urgent need for financial support from both the IMF and World Bank for indebted countries, whilst also supporting reform through quotas, a new SDR allocation & surcharge abolishment and review.

18 October 2023

IFI governance

Analysis

G20 communiqué analysis Annual Meetings 2023: Nothing new under the sun

The Group of 20 (G20) communiqué was published on 13 October. It focused on the consequences of the evolving debt situation, reaffirmed support for the much-criticised Common Framework and was silent on debt relief. The section on MDB reform meanwhile stressed ‘bigger’ rather than ‘better’ banks.

18 October 2023

IFI governance

Analysis

Development Committee chair’s statement analysis Annual Meetings 2023: Geopolitical fragmentation limits the ambition for reform

The Development Committee met on 12 October, with the chair issuing a statement, instead of a communiqué, reflecting the views of the majority of shareholders on the measures needed to tackle the development challenges that “have upended decades of hard-won development progress, and the development.”

18 October 2023

IFI governance

Analysis

IMFC chair’s statement analysis Annual Meetings 2023: Fine words but little of substance as critical decisions kicked down the road

Divisions once again prevented the IMFC from issuing a communiqué. The chair issued a statement that promised much but delivered little, supporting a third Sub-Saharan African chair on the IMF’s executive board, but kicking key reforms like quota realignment and a discussion on surcharges down the road.

18 October 2023
Flyer of CSPF on 12 October 2023, titled: The B-Ready Project: A Significant Departure from the Doing Business Report?

IFI governance

Background

The B-Ready Project: A significant departure from the Doing Business Report?

Notes from the Civil Society Policy Forum on 12 October 2023 titled, "The B-Ready Project: A significant departure from the Doing Business Report?"

12 October 2023 | Minutes

IFI governance

Background

African perspectives on the reforms of the international financial architecture

Notes from the Civil Society Policy Forum Session 'African perspectives on the reforms of the international financial architecture' on 11 October 2023.

11 October 2023 | Minutes