Analysis

Finance

Analysis

Against regressive taxes and austerity: IMF and World Bank must pivot tax policies to support a just and green transition

This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.

5 April 2023 | Guest analysis

Infrastructure

Analysis

World Bank and IMF influence casts shadow over South Africa’s Just Energy Transition Partnership

World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.

8 December 2022

IFI governance

Analysis

IMF quota review: Putting climate at the core of IMF governance reform

Addition of cumulative carbon emissions indicator in IMF quota formula would give climate-vulnerable countries greater voice in IMF.

8 December 2022 | Guest 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.

8 December 2022

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.

19 October 2022

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.

19 October 2022

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.

19 October 2022

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.

19 October 2022

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.”

19 October 2022

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.

18 October 2022

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.

6 October 2022

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.

4 October 2022