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.
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
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.
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.
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.
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.
The IMF’s surcharges review presents a golden opportunity to eliminate these harmful and counterproductive fees.
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.
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.
In the absence of a G20 Communiqué or Chair statement, Brazilian minister of finance, head of the central bank and other senior officials took questions at a short press conference, with discussion focused on the impact of continued restrictive US monetary policy on the global debt and development finance and the need for more responsive and better capitalised MDBs.
V20 members are expected to pay $904.7 billion in debt service between 2022-2030, as debt, lack of financing and low projected growth hampers prospects for green economic transformation.
IMFC chair’s relatively sanguine view of the global economy does not reflect the IMF’s own projection that the five-year global economic growth forecast is “at its lowest in decades”.
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.
