V20 members offered a searing indictment of rich countries’ failure to act on BWIs governance, debt relief, climate finance and SDRs.
Analysis
IFI governance
Analysis
Annual Meetings 2024 Preamble: BWIs’ management and key shareholders stand in the way of transformative governance reforms despite ‘evolution’ rhetoric
Unconvincing World Bank Evolution Roadmap reforms and IMF’s struggle to mainstream climate and gender symptomatic of wider malaise.
IFI governance
Analysis
New World Bank Corporate Scorecard: overlooking client priorities and ignoring development impact
The World Bank’s new Corporate Scorecard misses the forest for the trees as it lacks an indicator to measure the Bank’s contribution to economic transformation, a cornerstone of its development mandate.
Conditionality
Analysis
Kenya's growing youth movement for fiscal justice rejects IMF-mandated austerity
Youth-led led protests lead to withdrawal of controversial finance bill by President William Ruto.
Finance
Analysis
The lost call for international financial architecture reform in the G20
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
Finance
Analysis
Sustainable development requires sustainable finance: why local currency financing is part of the solution
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
Gender
Analysis
World Bank fails to incorporate key elements of new Gender Strategy in IDA21 policy package and Corporate Scorecard
Despite Bank’s new Gender Strategy’s positive offerings on human rights and the value of public services to women and girls, IDA21 replenishment and new Corporate Scorecard see women only as economic opportunity for the private finance push.
Environment
Analysis
Year one of World Bank Paris Agreement alignment in the energy sector: ‘green conditionality’ dwarfs green investments
New BWP research finds the Word Bank's approach to Paris alignment is being used to a significant extent to impose ‘green conditionalities' on borrowing countries, especially in the Global South.
Finance
Analysis
IMF board’s reluctance leaves Special Drawing Rights as an underused tool in Fund's toolbox
IMF board's lukewarm endorsement of SDR rechanneling through MDBs stands in stark contrast to continued calls from Global South governments for additional SDR allocations, amid growing debt crisis.
Accountability
Analysis
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
Finance
Analysis
No false solutions: IMF surcharges must go
The IMF’s surcharges review presents a golden opportunity to eliminate these harmful and counterproductive fees.
Gender
Analysis
IMF’s Interim Guidance Note on Mainstreaming Gender fails to address negative gendered impacts of IMF austerity
Gender Guidance note offers non-mandatory advice to staff on mainstreaming gender but integration of existing in-depth critiques from feminists and civil society needed to tackle gender inequality is missing.
