Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
International Monetary Fund (IMF)
G20 offers sanguine tone on the global health and debt crises, failing to address issues related to vaccines and private creditors.
G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.
The communiqué of the IMFC was issued on 14 October. It emphasised an uneven recovery from the Covid-19 crisis and highlighted debt concerns. It also called for progress on IMF quota reform.
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.
Civil society groups argue that IMF must be far more ambitious in its plans for SDRs to be channelled to countries in need.
CSO launches call for the fair channeling of Special Drawing Rights.
Forthcoming research from ActionAid International shows IMF’s dogmatic support for public sector wage bill cuts continues.
Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.
Notes from the Civil Society Policy Forum session on 4 October on the ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights.
Notes from the Civil Society Policy Forum session on 29 September on fiscal measures to promote sustainable growth during the longer-term recovery phase.
Notes from the Spring 2021 Civil Society Policy Forum session on 1 April.
Concessional lending from the IMF reaches record levels with the new reforms set to increase lending further.
Activists call for suspension of IMF disbursements, raising alarm about lack of accountability for several African loans.
Notes from the virtual Civil Society Policy Forum session on 31 March 2021.
Notes from the virtual Civil Society Policy Forum event on 30 March.