While the World Bank's leadership is further embracing private equity funds, the IFC's investment in financial intermediaries is again hitting the headlines over allegations of 'land grabs' in South East Asia and lack of respect for indigenous people's rights in Honduras.
Analysis
Rights
Analysis
IMF's labour pains
Two April IMF reports purport to present a new view on labour market policy, however, they have attracted heavy criticism from trade unions as inaccurate and flawed.
Accountability
Analysis
World Bank "short-sighted and cross-eyed" on fossil fuels
As the World Bank released a new report on the impacts of climate change and is due to discuss its energy focus, it defended its engagement in fossil fuels, including the Kosovo coal power plant.
Social services
Analysis
IMF's Greek mea culpa
In June the IMF released an ex post assessment of its 2010 lending programme to Greece which described a series of errors and found that the Fund consciously chose to break its own rules on the sustainability of the programme.
Infrastructure
Analysis
World Bank says "stars are aligned" for large infrastructure
The World Bank, in conjunction with the G20, is reinvigorating its infrastructure focus, paying particular attention to leveraging resources from the private sector and investing in fragile and conflict affected states. It announced a return to big hydropower projects, despite continued concerns about projects in the Democratic Republic of Congo, Guatemala and Uganda.
Social services
Analysis
The Doing Business review: a test of World Bank leadership
By this year's October annual meetings, we will know what the World Bank board has decided on what happens next to that institution's controversial and most popular publication, the Doing Business report.
IFI governance
Analysis
Memorandum to the International Development Committee
In written evidence submitted to the UK parliament's International Development Committee, we argue that further reform of the World Bank is needed.
IFI governance
Analysis
World Bank's new strategy: 'deliverology' for the private sector?
As the World Bank's attention moves from goal-setting to implementation of a new strategy, it is becoming clear that it intends to further prioritise the role of the private sector and adopt many practices of its private sector arm, the International Finance Corporation (IFC), as the main pillars for the whole group.
Environment
Analysis
The World Bank and the Green Climate Fund: "an ironic contradiction"?
Since the creation of the UN Framework Convention on Climate Change (UNFCCC) Green Climate Fund (GCF) in 2010, concerns have grown about the World Bank's potential role in designing policies to determine the allocation of resources for adaptation and mitigation activities in developing countries.
Environment
Analysis
Climate Investment Funds Monitor 7
The Climate Investment Funds (CIFs) are financing instruments designed to pilot low-carbon and climate-resilient development through the multilateral development banks (MDBs). They are comprised of two trust funds - the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF).
Environment
Analysis
Working paper: The private sector and climate change adaptation
This paper looks at PPCR projects implemented under the World Bank's private sector lending arm, the International Finance Corporation, highlighting important questions concerning the design, implementation and operation of projects financed from public climate funds using private sector actors. In summary, the analysis suggests that the integration of private sector projects into national planning processes and strategies is crucial.
Rights
Analysis
World Bank on jobs: a "significant departure" or "business as usual"?
The opening sentences of the 2013 World Development Report Jobs, could not be clearer: "Jobs are the cornerstone of economic and social development". Brendan Martin of UK NGO Public World examines the policy implications for developing economies, trade unions and the wider development community.
Featured briefings
16 October 2024
The Bretton Woods Observer: Autumn 2024
16 October 2024
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.
16 October 2024
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.