Bretton Woods Project publishes its selection of the best books, reports and other resources on the World Bank and IMF from 2022.
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International Monetary Fund (IMF)
Infrastructure
Analysis
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.
IFI governance
Analysis
IMF quota review: Putting climate at the core of IMF governance reform
Addition of cumulative carbon emissions indicator in IMF quota formula would give climate-vulnerable countries greater voice in IMF.
Environment
Commentary
Bridgetown Initiative calls for new Global Climate Mitigation Trust financed via Special Drawing Rights
IMF’s lending instruments fail to provide swift and large-scale funding for climate transition. The Bridgeton Initiative proposes a new trust backed by $500 billion in SDRs for climate and development.
Gender
Analysis
New IMF gender strategy's potential to catalyse change undermined by austerity and problematic mission creep
IMF’s new gender mainstreaming strategy makes effort to include civil society demands but falls short of transformative vision as austerity remains Fund’s raison-d’état.
Conditionality
News
Unbalanced financial stimulus followed by fiscal austerity: When will the IMF learn from its mistakes?!
New reports by Financial Transparency Coalition and Eurodad highlight uneven distribution of Covid-19 stimulus spending followed by socially painful fiscal austerity.
Rights
News
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.
Finance
News
Debt overhang risks another lost decade and could derail progress on poverty reduction and SDGs
Over 60 per cent of low-income countries and more than 25 percent of emerging market economies are in or at risk of debt distress, and are in danger of being unable to fulfil their fiscal obligations.
Other news
Finance
News
UN letter of allegation outlines concerns about the impact of IMF surcharge policy on human rights
Civil society urges IMF to reply to UN letter and finally take action to review its surcharge policy.
Finance
News
Egypt reaches agreement for IMF programme, but proposals for debt relief are still lacking
Egypt’s new EFF program will likely deepen the country’s debt crisis, instead of helping improve its socioeconomic conditions.
IFI governance
News
IMF's Independent Evaluation Office appoints new director and releases 2023 work plan
Changes in leadership have been announced at the WB Independent Evaluation Group and IMF Independent Evaluation Office. Furthermore, the IMF IEO published its 2023 Work plan introducing two new governance evaluations of the IMF’s mandate and its Exceptional Access Policy.
Accountability
Background
The Bretton Woods Project welcomes new project leads on Financialisation and IFI Governance
Robert Bain and Mihaela Sirițanu join the Project as it expands its focus on financialisation and reform of the Bretton Woods Institutions.
IFI governance
Background
Winds of change: the future of tax reforms in Latin America
Notes from a Civil Society Policy Forum panel on 13 October 2022 titled "Winds of change: the future of tax reforms in Latin America."
IFI governance
Background
Debt transparency and public accountability - designing the way forward
Notes from a Civil Society Policy Forum event on 12 October 2022 titled "Debt transparency and public accountability - designing the way forward."
IFI governance
Background
Fit for purpose? IMF Gender Mainstreaming Strategy and taxation approaches during multiple intersecting crises
Notes from a Civil Society Policy Forum event on 12 October titled "Fit for purpose? IMF Gender Mainstreaming Strategy and taxation approaches during multiple intersecting crises."
IFI governance
Background
Green and just? Climate in IMF surveillance & lending – evidence from Pakistan, Argentina, South Africa, Indonesia
Notes from a Civil Society Policy Forum on 11 October titled, "Green and just? Climate in IMF surveillance & lending – evidence from Pakistan, Argentina, South Africa, Indonesia."
