Articles & resources
Critical voices on the World Bank and the IMF
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Fuelling authoritarianism: The role of the Fund and Bank in eroding the social contract
BWIs’ policies continue to contribute to the rise of populism, authoritarianism and backlash against multilateralism despite the institutions’ long-standing concerns and rhetorical support for reform.
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Civil society urges the IFC and ADB to cancel financing for Pakistan copper mine
Located in a militarised region, the project risks exacerbating social disruption and environmental destruction.
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Will the World Bank be a partner for a just energy transition in developing countries?
As renewable energy finance shifts from China to the World Bank, whether the Bank can be a partner for a just energy transition depends on three areas: strong environmental and social oversight, avoiding a new resource curse in minerals and debt relief during crises.
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Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard
The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.
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New report debunks claims that inadequate MDB transparency results from private sector concerns
Amid underwhelming private capital mobilisation, new report underscores poor state of transparency and disclosure of private sector finance by multilateral development banks and development finance institutions.
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IMF’s PRGT review places the burden of financing the program on low-income countries
As the IMF increases cost of lending for LICs by introducing a tiered interest mechanism to the PRGT, CSOs and V20 Group call instead for an SDR interest rate cap to reduce the cost of lending and for sale of gold reserves to address the funding gap.
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BWIs use frozen Russian assets as part of $50 billion support to Ukraine
BWIs engineer creative ways to provide financial support to Ukraine using frozen Russian assets as back up, in contrast to lack of support for debt-stricken African countries.
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Kenya’s growing youth movement for fiscal justice rejects IMF-mandated austerity
Youth-led led protests lead to withdrawal of controversial finance bill by President William Ruto.
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Project 2025 takes on the World Bank and IMF – harbinger of an uncertain new era of geopolitics?
US conservative blueprint for second Trump term calls for US to withdraw from World Bank and IMF, amid continued geopolitical tensions and unresolved debt crisis in Global South.
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High stakes for December’s IDA21 pledging meeting
The replenishment process for IDA21 concludes in early December, amid hopes of a record replenishment and concerns over the global debt crisis.
