Articles & resources
Critical voices on the World Bank and the IMF
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From risk perception to financial power: Africa’s credit rating ambition
African Union’s proposed Credit Rating Agency aims to rebalance sovereign risk assessment but its success will depend on credibility, methodological innovation and investor trust.
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IFC Sustainability Framework Review: Overlooking structural issues
Constrained by the shareholders’ focus on returns over financial risk, IFC prioritises safe markets and leverage, often crowding out private finance instead of providing patient capital for development.
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IFC Sustainability Framework Review
This Inside the Institutions critically analyses the International Finance Corporation’s (IFC) review of its Sustainability Framework, amidst intensifying scrutiny of its harmful investments.
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From billions to nowhere: Ajay Banga’s development mirage
With scant data, high investor protections and little benefit to low-income countries, the Bank’s ‘new’ private sector development approach risks entrenching inequality under the guise of development.
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Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations
This report examines the role of the BWIs in driving financialisation in the Global South and perpetuating neocolonial global imbalances of wealth and power, paying particular attention to its gendered consequences.
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Financialisation and human rights in the Middle East and North Africa
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
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Civil society calls for World Bank to reroute ‘Evolution Roadmap’ away from Cascade
Civil society questions the proposed expansion of the Cascade approach, which has failed to deliver the ‘trillions’ promised.
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Financial liberalisation, capital controls and development in Africa: The case of Uganda
Financial liberation has had a significant effect on Uganda’s economy opening the door for significant foreign ownership while facilitating the ongoing extraction of wealth.
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Word Bank promotes agricultural corporations at cost of food security in Africa
New CAFOD report exposes World Bank’s harmful approach to agriculture increases food insecurity in Africa.
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Civil Society calls for rethink of World Bank’s ‘evolution roadmap’ as part of wider reforms to highly unequal global financial architecture
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.
