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Analysis

IFI governance

Analysis

G20 press conference analysis Spring Meetings 2024: Concrete actions fail to materialise despite strong Brazilian push

In the absence of a G20 Communiqué or Chair statement, Brazilian minister of finance, head of the central bank and other senior officials took questions at a short press conference, with discussion focused on the impact of continued restrictive US monetary policy on the global debt and development finance and the need for more responsive and better capitalised MDBs.

24 April 2024

IFI governance

Analysis

V20 communiqué analysis Spring Meetings 2024: Climate vulnerable countries issue call to action, as net-negative flows result in ‘millions in, billions out’ amid growing debt burdens

V20 members are expected to pay $904.7 billion in debt service between 2022-2030, as debt, lack of financing and low projected growth hampers prospects for green economic transformation.

24 April 2024

IFI governance

Analysis

IMFC chair’s statement analysis Spring Meetings 2024: Tinkering at the margins while global crises unfold  

IMFC chair’s relatively sanguine view of the global economy does not reflect the IMF’s own projection that the five-year global economic growth forecast is “at its lowest in decades”.

24 April 2024

IFI governance

Analysis

G24 communiqué analysis Spring Meetings 2024: Calls for reform, not protectionism

The Spring 2024 G24 communiqué puts pressure on the BWIs to use their influence where it’s needed, including calls to suspend and review surcharges, offer the biggest ever IDA replenishment, suppot the UN Tax Convention, and avoid protectionist policies.

24 April 2024

IFI governance

Analysis

Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains

Urgent BWIs reforms remain hostage to lack of political will in Global North as the G20 failed to deliver on important issues within a fragmented geopolitical situation.

24 April 2024

IFI governance

Analysis

Development Committee chair’s statement analysis Spring Meetings 2024: Bank shareholder division hinders reforms required to address global challenges

Despite the Development Committee advocating for increased international cooperation, persistent geopolitical fragmentation constrains the much-needed reforms essential for addressing 21st-century challenges.

22 April 2024
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
Artcover of the Observer Spring 2024, showing cartoons representing the IMF and World Bank shaking hands holding the EU and US flags respectively

IFI governance

Analysis

Undemocratic gentleman's agreement will further challenge next IMF managing director

EU countries’ backing of Kristalina Georgieva for a second term as IMF Managing Director will likely set in motion the next steps towards her reappointment, representing another lost opportunity to reform IMF governance.

9 April 2024
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Other news

Finance

Analysis

Our world in 2020

As the Covid-19 pandemic exacerbated and helped reveal pre-existing injustices and structural flaws in the global economy - and the IMF and World Bank proved unable to reverse course on broke policy prescriptions - calls for reforming the international financial and development architecture gained strength. 

22 February 2021

Gender

Analysis

The IMF and Gender Equality: Operationalising Change

This briefing raises critical questions on the latest developments in the IMF’s approach to gender.

10 February 2019 | Briefings

IFI governance

Analysis

CSO roundtable with World Bank Group executive directors

Sponsor: World Bank Group Chairs: Merza Hasan (WB Executive Director, MENA Constituency), Lindsay Coates (Acting…

14 April 2015 | Note

Environment

Analysis

CIFs and the private sector

Information on the private sector and the CIFs taken from each section of CIF Monitor…

23 October 2013

IFI governance

Analysis

Annual meetings 2014: communiqués coverage

G24 communiqué (09 October): analysis, original document G20 finance ministers' communiqué (10 October): original document…

2 October 2014

Environment

Analysis

NGOs call for halt of World Bank’s climate initiatives

In July 2012 NGOs called on governments to pivot away from funding the Bank-housed Climate…

23 October 2013

Environment

Analysis

CIFs Monitor: past issues

Climate Investment Funds Monitor 7 25 April 2013 This briefing, including references, can also be…

13 October 2013

Accountability

Analysis

Submission to the International Development Committee of the UK parliament: inquiry into the World B

The UK should not increase its contribution to IDA in the current replenishment. Instead, it should focus on achieving substantial reforms of the World Bank and IFC in key areas, including health, gender, climate and energy, and the private sector, and in radically improving the legitimacy, transparency and accountability of the institution.

19 October 2010 | Paper
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