The finance ministers for the Vulnerable Group of Twenty, a bloc of 58 developing country economies representing some 1.5 billion people, issued a communiqué on 16 October.
IMFC chair statement condemns Russia’s war while scrambling for new ideas to tackle inflation, debt, and climate change, as Covid response fades from attention.
G24 communiqué echoes calls for more drastic measures by international financial institutions to cushion the blow for low- and middle-income countries in the face of compounding global crises.
The Development Committee issued a chair statement instead of a communiqué, following its meeting on 14 October.
The Indonesian Minister of Finance Sri Mulyani Indrawati acknowledged the G20 faced "many challenges" and "differences in view", with "escalating geopolitical conflicts worsening the economic situation.”
The World Bank and IMF meet for their Annual Meetings amid a turbulent economic and geopolitical context, and the realisation that the SDGs will not be met. Despite much discussion of urgent action required, little evidence of solutions to the multiple challenges facing the globe was on offer.
Economic turmoil and geopolitical fragmentation will provide the backdrop to the first in-person World Bank and IMF Annual Meetings since 2019.
G20 independent review calls for increased lending by multilateral development banks to address multiple crises, but lack of reform in World Bank crises response framework raises concerns about how it would use additional resources.
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.
This briefing raises critical questions on the latest developments in the IMF’s approach to gender.
Sponsor: World Bank Group Chairs: Merza Hasan (WB Executive Director, MENA Constituency), Lindsay Coates (Acting…
Information on the private sector and the CIFs taken from each section of CIF Monitor…
G24 communiqué (09 October): analysis, original document G20 finance ministers' communiqué (10 October): original document…
In July 2012 NGOs called on governments to pivot away from funding the Bank-housed Climate…
Climate Investment Funds Monitor 7 25 April 2013 This briefing, including references, can also be…
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.