News

Finance

News

IMF's continued VAT push inconsistent with rhetoric on progressive taxes

As the IMF celebrates the rise of VAT, women and those least able to pay are left behind in worsening inequality crisis.

10 December 2020

Rights

News

Unions raise alarm over alleged retaliatory firing at IFC-financed Guinea hotel

IFC accused of violation of performance standards after alleged retaliatory action against workers.

10 December 2020

Finance

News

First gathering of world’s public development banks fails to deliver concrete commitments

World Bank and other MDBs fail to sign on to general declaration as multilateral leadership on solutions to climate, debt and inequality crises remains inadequate.

10 December 2020

Environment

News

Eni files ICSID arbitration request linked to controversial Nigeria oil deal

Case continues troubling trend of increased ISDS claims from fossil fuel industry.

10 December 2020

Environment

News

World Bank cancels Bisri dam project in Lebanon after years of community resistance

Environmental groups and activists claim victory after years of campaigning.

10 December 2020

IFI governance

News

Delays in Inspection Panel eligibility decision in Nepal risk “irreversible damage”

Panel yet to rule on case filed in April despite receiving consultant's report.

10 December 2020

Environment

News

IFC’s first Green Equity Approach client backs Indonesian coal plant expansion

CSOs call for IFC to close remaining loopholes in Green Equity Approach, after equity client chosen to pilot the initiative makes investment in coal plant expansion in Indonesia.

10 December 2020

IFI governance

News

New CAO vice president urged to fight for CAO independence

Civil society call on newly appointed CAO vice president to safeguard CAO’s independence and fight for full implementation of recent external review of IFC and MIGA accountability framework.

10 December 2020

Conditionality

News

Pakistan resists IMF measures that could “push more people into poverty”

IMF programme would result in increased electricity prices and regressive consumer tax hikes amid rising cost of living.

10 December 2020

IFI governance

News

World Bank and IMF delay Morocco’s hosting of Annual Meetings until October 2022

Marrakesh was due to host 2021 meetings prior to announcement.

10 December 2020

Conditionality

News

Civil society raises alarm about IMF’s continued backing of austerity amidst pandemic

Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.

6 October 2020

Knowledge

News

As World Bank pauses Doing Business Report, pressure mounts for it to be permanently scrapped

Civil society, trade unions and academics call for permanent end of Doing Business Report as World Bank suspends its publication due to data irregularities.

6 October 2020