As the World Bank and IMF prepare for the 2025 Spring Meetings, the US executive order reviewing its participation in global institutions has heightened long-standing concerns about the direction of the Bretton Woods system – with civil society turning to FfD4 to reimagine the future of multilateralism.
Analysis
Finance
Analysis
Civil society calls for FfD4 to revive 'spirit of Monterrey' and reassert UN's role in global economic governance
The role of Bretton Woods Institutions remains a key point of contention, amidst their stark governance deficits.
Finance
Analysis
Breaking free from the aid trap: time for Africa to halt international financial institutions' austerity policies
The ‘aid trap’ continues in light of significant ODA cuts amidst political change in donor countries, as the BWIs continue to facilitate the financialisation of essential services like healthcare.
Gender
Analysis
Civil society defends feminist demands amidst threats to women’s rights and fresh questions over the role of the BWIs
Anti-gender rhetoric, furthered by the new US administration, brings fresh questions over the approach of the World Bank and IMF to gender equality, given their controversial track record.
Environment
Analysis
COP29 sees MDBs climate finance take centre stage, as civil society brands new climate finance goal a ‘betrayal’
Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.
Accountability
Analysis
Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard
The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.
Conditionality
Analysis
Who’s afraid of the grassroots? IMF policymaking in the era of social discontent
IMF proposes a grassroots communication strategy to convince the public of the need for further austerity measures as publications reveal fear that social unrest will make reforms ‘unimplementable’.
IFI governance
Analysis
Annual Meetings 2024 Wrap-up - Don’t look back: BWIs plough down path of reforms lacking evidence and willingness to engage with broader UN-led reform processes
The 2024 World Bank and IMF Annual Meetings, taking place in the context of the institutions’ 80th anniversary, offered little substantive reform despite multiple ongoing organisational processes and reviews.
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.
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.
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…
Environment
Analysis
CIFs and the private sector
Information on the private sector and the CIFs taken from each section of CIF Monitor…
IFI governance
Analysis
Annual meetings 2014: communiqués coverage
G24 communiqué (09 October): analysis, original document G20 finance ministers' communiqué (10 October): original document…
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…
Environment
Analysis
CIFs Monitor: past issues
Climate Investment Funds Monitor 7 25 April 2013 This briefing, including references, can also be…
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.