Articles & resources
Critical voices on the World Bank and the IMF
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International Court of Justice ruling delivers ‘earthquake’ on states’ obligations to address climate crisis
Landmark opinion confirms states have a binding legal duty to prevent climate harm, which has implications for their ‘voice and vote’ at IFIs.
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As Global North blocks progressive reforms at FfD4, World Bank’s failed private sector approach gains traction
As Global North obstructs global finance and debt architecture reforms proposed at FfD4, the World Bank’s failed “billions to trillions” approach continues to gain prominence.
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UN Secretary General’s New Agenda for Peace calls for urgent financial architecture and policy reform
UN Secretary General’s New Agenda for Peace report identifies growing threats to global peace and stability, and proposes urgent reforms to the unjust economic system. World Bank and IMF resist policy and governance reform.
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World Bank and IMF influence casts shadow over South Africa’s Just Energy Transition Partnership
World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.
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How IMF and World Bank support for financialisation undermines human rights
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
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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.
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CSOs urge IFC to divest from for-profit school chain
CSOs urge investors to divest from private school provider Bridge International Academies; IFC remains investor, despite WDR’s concerns with private education.
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CSOs call on World Bank to halt its aggressive support of PPPs
152 CSOs call demand World Bank halt its aggressive support of PPPs, publicaly recognise their significant risks.
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Great expectations: Is the IMF turning words into action on inequality?
Notes from the 2017 World Bank and IMF Annual Meetings session on the IMF’s approach to inequality, 13 October.
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World Bank IDA18 to introduce increased reliance on capital markets
The World Bank’s IDA18 replenishment raised $75 billion, with increased reliance on capital markets and launched new $2.5 billion private sector window through IFC and MIGA.
