The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
International Monetary Fund (IMF)
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.
Analysis of this year's World Bank and IMF Spring Meetings: With international response to Covid-19 mired in geopolitical manoeuverings and resistance to systemic change, calls for alternatives grow.
World Bank Staff Association's call for permanent cancellation of Spring Meetings and its CSPF raises long-standing concerns about the need for improved civil society engagement by the Bank and Fund.
Analysis of the Development Committee communiqué published on 17 April.
Analysis of the G20 communiqué published on 15 April.
Analysis of the IMFC communiqué, issued on 16 April, from the 2020 World Bank and IMF virtual Spring Meetings.
Private creditors provided with IMF backing in Argentina negotiations as country enters into default.
IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.
Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.
Database launched on Covid-19-related IMF spending to help civil society keep track of lending programmes.
CSO framework evaluates consequences of private sector activity on right to health.
World Bank's ‘innovative’ health financing instrument proved to be slow and late.
Fund’s 15th review of quotas delayed as US blocks redistribution of voting rights.
Ukraine passes contentious draft land reform law under pressure from World Bank, IMF and EBRD.