Addition of cumulative carbon emissions indicator in IMF quota formula would give climate-vulnerable countries greater voice in IMF.
Analysis
Gender
Analysis
New IMF gender strategy's potential to catalyse change undermined by austerity and problematic mission creep
IMF’s new gender mainstreaming strategy makes effort to include civil society demands but falls short of transformative vision as austerity remains Fund’s raison-d’état.
IFI governance
Analysis
V20 communiqué analysis Annual Meetings 2022: Climate vulnerable countries call for debt relief and a revamped IMF
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.
IFI governance
Analysis
IMFC Chair's Statement analysis Annual Meetings 2022: Scrambling for new ideas to tackle inflation, debt, and climate change
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.
IFI governance
Analysis
G24 communiqué analysis Annual Meetings 2022: G24 echoes calls for more drastic measures by international financial institutions
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.
IFI governance
Analysis
Development Committee Chair’s Statement analysis Annual Meetings 2022: Statement calls for greater international cooperation and strengthened multilateralism
The Development Committee issued a chair statement instead of a communiqué, following its meeting on 14 October.
IFI governance
Analysis
G20 press briefing analysis Annual Meetings 2022: Challenges and differences in view, as escalating geopolitical conflicts worsen the economic situation
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.”
IFI governance
Analysis
Annual Meetings 2022 Wrap Up: As the world runs out of time, BWIs fail to provide clear vision and bold actions
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.
IFI governance
Analysis
Annual Meetings 2022 Preamble: With risk of global recession on horizon, World Bank and IMF's ability to offer credible solutions remains in question
Economic turmoil and geopolitical fragmentation will provide the backdrop to the first in-person World Bank and IMF Annual Meetings since 2019.
Finance
Analysis
G20 review calls for increased MDB lending as World Bank ignores urgent need for policy changes
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.
Finance
Analysis
Monetary power and sovereign debt crises: The renewed case for a sovereign debt restructuring mechanism
The sovereign debt crises threatening states in the Global South are less about fiscal mismanagement and more about monetary power in the global currency hierarchy.
Finance
Analysis
IMF debt sustainability analysis in times of compounding crises: Still unfit for purpose
New IMF debt sustainability framework fails to alleviate concerns over transparency and overoptimism in midst of large-scale debt crisis, as countries face severe austerity and private lenders wait for bailouts.
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.