As the World Bank and IMF prepare for the 2025 Spring Meetings, the US executive order reviewing its participation in global institutions has heightened long-standing concerns about the direction of the Bretton Woods system – with civil society turning to FfD4 to reimagine the future of multilateralism.
The role of Bretton Woods Institutions remains a key point of contention, amidst their stark governance deficits.
The ‘aid trap’ continues in light of significant ODA cuts amidst political change in donor countries, as the BWIs continue to facilitate the financialisation of essential services like healthcare.
Anti-gender rhetoric, furthered by the new US administration, brings fresh questions over the approach of the World Bank and IMF to gender equality, given their controversial track record.
Evaluation finds Exceptional Access Policy has been applied inconsistently, influenced by political pressures, and used as a substitute for debt restructuring while failing to attract private capital.
Ethiopia becomes the latest victim of the dysfunctional Common Framework, as private lenders continue to hold out on its debt restructuring with significant human rights, social and economic consequences.
Despite past acknowledgments of flawed policies, austerity-driven programmes continue to deepen economic hardship, entrench inequality, and prioritise creditors over sustainable development.
UN Human Rights Council’s Seventh Intersessional Meeting calls for states to use FfD4 to agree reforms that enable states to deliver on their human rights obligations.
FfD4 civil society feminist workstream calls for gender and race equality, human rights and systemic change in the international financial architecture, while groups plan strategic convening in Morocco.
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.
Civil society Financing for Development (FfD) Mechanism calls for FfD4 conference to deliver meaningful reform and a true path towards democratic multilateralism.
Civil society organisations call for consultation on the design of policies that significantly impact states and citizens.
Notes from the Civil Society Policy Forum on 24th October 2024 titled "Arab Voices for Sustainable Development Financing: Rights-Based Approaches to Addressing the Debt Tax-Climate Crises".
Notes from Civil Society Policy Forum on 23 October titled "Evidence based analysis of the implementation of Anti IFFs policies in Africa- Lessons from the policy tracker project".
Notes from a Civil Society Policy Forum SPF on 22 October 22 titled "Taxing the super-rich, a step closer".
IMF’s surcharges review is resorting to incremental changes by reviewing the level and time base of penalty charges, instead of achieving meaningful reform
