News

IFI governance

News

“Godmother of austerity” appointment to World Bank chief economist post

Carmen Reinhart, co-author of influential 2010 pro-austerity paper, named to key post.

16 July 2020

Accountability

News

CSOs raise concerns about conflict of interest related to World Bank technical assistance loan in Guyana

Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.

16 July 2020
Kasimba Prinary School, Mpanda District, Katavi Region, Tanzania. August 2019.

Social services

News

The World Bank, Covid-19 and public education: two steps forward one step back

World Bank’s new report on education and Covid-19 contrasts with IFC announcement on freezing private school investments.

16 July 2020

Rights

News

IFC denies responsibility for community harms following CAO’s Guatemala dam investigation

IFC denies responsibility for harms to the community in dam case despite investigation findings.

16 July 2020

Finance

News

Argentina increases offer to bondholders after IMF claims “room for improvement”

Private creditors provided with IMF backing in Argentina negotiations as country enters into default.

16 July 2020

Rights

News

Concerns over labour rights resurface in IFC's Covid-19 response

Joint letter to IFC chief executive officer raises questions on worker protections.

16 July 2020

Finance

News

Failure to lend to Venezuela and Iran once again raises questions around IMF’s political neutrality

IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.

16 July 2020

Land

News

IMF and World Bank help push through contentious Ukraine land reform amid Covid-19 pandemic

Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.

16 July 2020

IFI governance

News

IFC CEO announces planned retirement

Philippe Le Houérou will depart 1 October, after joining IFC in 2015.

16 July 2020

Finance

News

IMF watchdog releases Covid-19 tracker

Database launched on Covid-19-related IMF spending to help civil society keep track of lending programmes.

16 July 2020
Former World Bank chief economist, Pinelopi Goldberg (left) Credit: World Bank; Geoffrey Okamoto, appointed IMF first deputy managing director (right)

IFI governance

News

Senior-level staff changes at World Bank and IMF

World Bank chief economist departs as key role is “eroded”, while IMF’s Georgieva makes series of high-level appointments.

7 April 2020

Accountability

News

World Bank board silent on Guatemala dam investigation review after February meeting

World Bank board silent following meeting on Guatemala dam investigation into IFC-linked harms.

7 April 2020