Articles & resources
Critical voices on the World Bank and the IMF
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A new SDR allocation: Combatting deepening fragility concerns
The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.
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Quota reform needed at IMF in order to address 21st century challenges
As economic conditions worsen and the Fund’s legitimacy comes under increasing pressure, IMF leaders gathering for the Annual Meetings must make progress on ongoing review of IMF quotas and agree a more equitable formula and distribution of voting power.
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Highly indebted countries face further cuts to public spending to service debts, as IMF austerity bites
Debt Justice’s new report highlights urgent need for international debt workout mechanisms, as countries are forced to prioritise debt payments.
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World Bank’s commitment to private sector-led development casts doubt on effectiveness of new Pandemic Preparedness Fund
The World Bank’s proposal to establish a fund for Pandemic Prevention, Preparedness and Response raises questions about the Bank’s support for private sector healthcare at the expense of public provision.
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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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IMF capital control review: A missed opportunity to support a just recovery and stability
IMF review of institutional view on capital controls disappoints as it largely maintains the policy framework of its predecessor
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Ineffective G20 Debt Service Suspension Initiative ends as world faces worst debt crisis in decades
As countries resume debt payment obligations amid unequal pandemic recovery CSOs call for debt cancellation and a multilateral debt workout mechanism.
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Debt crisis: What next as IMF and G20 initiatives set to expire?
G20 Common Framework left as the only multilateral mechanism for debt suspension, while private sector still refuses to engage.
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Civil society frustrated by lack of substantive engagement in IDA20 replenishment process
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
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Annual Meetings 2021 Preamble: IMF and World Bank face existential questions in midst of global health and climate crises
Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.
