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Critical voices on the World Bank and the IMF
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IDA21 policy package disappoints as prospects for IDA countries continue to darken
After difficult negotiations due to American pressure on climate and gender, World Bank governors approve IDA21 document, embedding the Bank’s problematic private sector-led development approach and failing to integrate economic transformation or binding human rights obligations.
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ActionAid International’s new report highlights human costs of austerity on health and education
Report calls on the IMF, among other actors, to take immediate actions to address the dire situation of public services under austerity.
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IFC ends investment in waste-to-energy incineration projects in Gujarat, India, following civil society campaign
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead.
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Pakistan’s debt crisis fuelled by more IMF loans
Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.
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World Bank’s $1 billion loan to South Africa risks undermining just transition by doubling down on ‘de-risking’ private capital
Despite the Just Energy Transition Partnership’s failure to attract private investments in South Africa, the World Bank is doubling down on a private sector led approach to the green transition through $1 billion loan contingent on the separation of Eskom’s activities.
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The World Bank’s water privatisation agenda neglects fundamental human rights
World Bank’s water privatisation agenda directly clashes with its poverty alleviation goals, disregarding water as a basic human right.







