The new World Bank's president should be appointed through a merit-based, transparent process with criteria publicly available and candidates being able to present their platform.
Commentary
Finance
Commentary
Civil society organizations urge end to IMF surcharges to finance climate action instead
More than 300 organisations and individuals call upon the IMF to urgently address one of the most glaring and easily rectifiable contradictions between its stated support for a just transition and its actions by immediately ending its surcharge policy.
Environment
Commentary
Bridgetown Initiative calls for new Global Climate Mitigation Trust financed via Special Drawing Rights
IMF’s lending instruments fail to provide swift and large-scale funding for climate transition. The Bridgeton Initiative proposes a new trust backed by $500 billion in SDRs for climate and development.
Finance
Commentary
Quota reform needed at IMF in order to address 21st century challenges
As economic conditions worsen and the Fund's legitimacy comes under increasing pressure, IMF leaders gathering for the Annual Meetings must make progress on ongoing review of IMF quotas and agree a more equitable formula and distribution of voting power.
Accountability
Commentary
The IMF is changing and needs an independent ombudsman
The Fund's expansion of its work into the macro-stability challenges posed by pandemics, climate change, gender discrimination and inequality increases the risks that it may negatively impact communities and individuals.
Environment
Commentary
IMF programme in Pakistan undermines renewable energy roll-out
Loan programme in Pakistan undermines country’s plans for low-carbon transition, as tax breaks on renewables and EVs slashed from IMF-mandated mini-budget.
Finance
News
To support the global economy, G7 should call for IMF to remove harmful surcharges
CSOs urge the G7 to take action to support debt-distressed economies by calling for the International Monetary Fund (IMF) to immediately end its harmful surcharge policy.
Finance
Commentary
More than 150 groups call for the IMF to end its “unfair” and “counterproductive” surcharges
Over 160 civil society organizations from around the world are calling on the International Monetary Fund (IMF) to end the “unfair” and “counterproductive” surcharges attached to its lending to the most heavily indebted countries. The open letter was sent to the IMF Executive Board on 7 April ahead of the 2022 IMF and World Bank’s Spring Meetings.
Gender
Commentary
Civil society statement regarding IMF's upcoming first-ever gender strategy
Civil society joint statement formulates a set of key policy asks grounded in a commitment to critically assess the gendered impact of the Fund’s conventional fiscal, monetary, and labour market policy advice.
Private Sector
Commentary
Submission to the World Bank Consultation for the Business Enabling Environment (BEE) Project
A coalition of CSOs have delivered a submission to the World Bank raising the BEE is just a rebranding exercise that does not address longstanding issues in the Bank's engagement in private sector advice.
Accountability
Commentary
Alto Maipo: Harms endure due to MDBs' lack of proper due diligence
World Bank and Inter-American Development Bank's reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.
Finance
Commentary
Joint statement on World Bank’s IDA20 replenishment
Bretton Woods Project, Eurodad and Afrodad publish statement on the need for IDA20 replenishment to make an effective and meaningful contribution to recovery and resilience efforts.
