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