Analysis

World Bank Group President Ajay Banga enters headquarters on his first day, Washington DC, 2 June 2023.

IFI governance

Analysis

Annual Meetings 2023 Preamble: Lack of governance reform and economic transformation front and centre as World Bank and IMF meet in Africa for first time in 50 years

As the World Bank moves toward finalising its ‘Evolution Roadmap’, and IMF shareholders struggle to agree on an outcome to the 16th Review of Quotas, the stakes in Morocco are high.

5 October 2023
Cover artwork showing World Bank blue globe cartoon painting itself in pink

Gender

Analysis

WBG gender strategy risks undermining new human rights language with continued private sector bias

World Bank’s gender draft strategy for 2024-2030 steps up to name gender a human rights issue but fails to address barriers perpetuated by Bank’s macroeconomic model, while civil society warns of need to move away from Bank’s Maximising Finance for Development model as austerity sweeps the globe.

4 October 2023
Tunisians demonstrate for peace, freedom of speech and for a secular state ahead of elections for a Constituent Assembly on 23 October 2011, following the Tunisian Revolution. Credit: European Parliament

Finance

Analysis

The IMF and World Bank talk good governance, but walk with state- capturers

From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.

4 October 2023 | At Issue
BRICS leaders’ official photo at the XV BRICS Summit in Johannesburg, South Africa, August 2023.

IFI governance

Analysis

Clock is ticking: Will IMF’s 16th Quota Review mean a further loss of legitimacy for the Fund?

The recent BRICS enlargement creates additional pressure for IMF governance reform.

4 October 2023

Finance

Analysis

Balancing ambitions and bridging divides at multilateral development banks

The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.

4 October 2023
International Human Rights Day protest Manila, 10 December 2020.

Finance

Analysis

Debt sustainability assessment reform essential to address retrogression of international human rights

Recent reports outlining the extensive negative human rights impacts of debt and austerity further evidence the urgency of the need for the IMF and World Bank to go beyond financial sustainability in debt sustainability analysis.

4 October 2023
Protest at COP27, celebrated in Sharm el-Sheikh, Egypt in November 2022. Credit: Oliver Kornblihtt / Mídia NINJA

Finance

Analysis

Assessing the Bretton Woods Institutions’ legacy

New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.

3 October 2023 | Briefings

Finance

Analysis

Reconceptualising Special Drawing Rights as a tool for development finance

Briefing examines the shortcomings of the current SDRs allocation system and calls to reform SDRs to ensure their targeted, needs-based and equitable distribution. 

2 October 2023 | Briefings
Anti IMF loan protest in downtown, Cairo, 2012. Credit: Gigi Ibrahim / Flickr

Private Sector

Analysis

Financialisation and human rights in the Middle East and North Africa

This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.

27 September 2023 | Briefings
Cartoon representing the World Bank choosing the path towards an unsustainable future

IFI governance

Analysis

Civil society calls for World Bank to reroute ‘Evolution Roadmap’ away from Cascade

Civil society questions the proposed expansion of the Cascade approach, which has failed to deliver the ‘trillions’ promised.

19 July 2023

Finance

Analysis

UN Financing for Development: The best chance to democratise global economic governance?

As Bretton Woods Institutions fail to deliver transformative, systematic reform of deeply unequal global architecture, countries should embrace a more democratic space: the United Nations Financing for Development process

19 July 2023 | Guest analysis

Finance

Analysis

World Bank Group Evolution: Technical fixes or urgently needed reform?

World Bank Evolution Roadmap’s proposed superficial technical patches favouring the ‘logic’ of the market will likely fail to deliver the structural changes needed to support borrowing countries amidst global crises.

19 July 2023 | At Issue