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Analysis

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

IFI governance

Analysis

IDA21: Moving beyond a focus on ‘historic’ replenishment

Calls for a ‘historic’ IDA21 replenishment risk diverting attention from the policy framework necessary for IDA to support countries to break their dependence on development finance and undertake the ecologically sustainable and just economic transformation long sought by their populations.

9 April 2024 | Guest analysis
Cash transfer in the town of Betafo. Credit: Mohammed Al-Arief / The World Bank

Social services

Analysis

Beyond the World Bank: The fight for universal social protection in the Global South

The World Bank Group promotes a model of social protection via poverty-targeted programmes that are error-strewn and can cause social unease, and set back progress towards universal social protection.

9 April 2024 | At Issue

Finance

Analysis

Opportunity lost: World Bank's Roadmap fails to chart path to better development outcomes

Civil society renews calls for an independent external evaluation of Bank policies ahead of Spring Meetings’ focus on the operationalisation of the Roadmap and a ‘historic’ IDA21 replenishment.

9 April 2024

Environment

Analysis

Gambling with the planet’s future? World Bank Development Policy Finance, ‘green’ conditionality, and the push for a private-led energy transition

BWP's review of energy sector conditionality in World Bank Development Policy Financing from fiscal years 2018 to 2023 reveals the Bank has followed a pattern of promoting neoliberal reforms in many countries' energy sectors, with climate action increasingly being viewed as the rationale for these changes.

9 April 2024 | Reports

Private Sector

Analysis

Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations

New BWP's report examines the role of the BWIs in driving financialisation in the Global South and perpetuating neocolonial global imbalances of wealth and power, paying particular attention to its gendered consequences.

4 April 2024 | Reports

Accountability

Analysis

A proposal for Ajay: No evolution without remedy

While World Bank President declares the benefits of a “bigger and better” Bank, the scandal of alleged child sexual abuse and cover up relating to IFC investments in Bridge Academies demonstrates the urgent need for the Bank to establish a robust remedy framework.

13 December 2023
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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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