International Monetary Fund (IMF)

Managing Director Kristalina Georgieva clasps hands with World Bank President Ajay Banga at the Global Sovereign Debt Roundtable during the 2024 Annual Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on 23 October 2024. Credit: IMF Photo/Allison Shelley

IFI governance

Analysis

Annual Meetings 2024 Wrap-up - Don’t look back: BWIs plough down path of reforms lacking evidence and willingness to engage with broader UN-led reform processes

The 2024 World Bank and IMF Annual Meetings, taking place in the context of the institutions’ 80th anniversary, offered little substantive reform despite multiple ongoing organisational processes and reviews.

30 October 2024

IFI governance

Analysis

G20 communiqué analysis Annual Meetings 2024: progress on tax and inequality obscures Group's wider failures

At the 25th anniversary of the Group’s Finance Track, the G20 communiqué’s robust language on the taxation of billionaires, including encouraging “constructive discussions” about the UN Tax Conference was contrasted by much more cautious language on MDB reform, climate finance, debt and Special Drawing Rights.

29 October 2024

IFI governance

Analysis

G24 communiqué analysis Annual Meetings 2024: calls for robust multilateral response to mounting risk and global crises

G24 calls for robust multilateral response to debt, development and climate crises, arguing the IMF and World Bank must continue reform in order to maintain legitimacy and fulfil their mandate.

29 October 2024

IFI governance

Analysis

IMFC chair’s statement analysis Annual Meetings 2024: a fiscal consolidation “pivot” as IMF struggles to get its house in order

Chair’s statement calls for a ‘pivot’ to fiscal consolidation and announces possible approaches to guide further quota realignment by June 2025. In contrast, China’s statement calls for work to begin on alignment even without resolution of 16th quota review.

29 October 2024

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2024: climate vulnerable countries once again demand key changes to IMF’s approach, as world risks breaching climate tipping points

V20 members offered a searing indictment of rich countries’ failure to act on BWIs governance, debt relief, climate finance and SDRs.

29 October 2024

IFI governance

Background

Arab voices for sustainable development financing: rights-based approaches to addressing the debt tax-climate crises

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".

24 October 2024 | Minutes

IFI governance

Background

Evidence based analysis of the implementation of anti IFFs policies in Africa- Lessons from the policy tracker project

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".

22 October 2024 | Minutes

IFI governance

Background

Taxing the super-rich, a step closer

Notes from a Civil Society Policy Forum SPF on 22 October 22 titled "Taxing the super-rich, a step closer".

22 October 2024 | Minutes
World Bank President Ajay Banga, speaks at an event titled Transforming Challenge into Action: Expanding Health Coverage for All, at the WBG & IMF Spring Meetings, 18 April 2024, Washington DC. Credit: Grant Ellis / World Bank

IFI governance

Analysis

Annual Meetings 2024 Preamble: BWIs’ management and key shareholders stand in the way of transformative governance reforms despite ‘evolution’ rhetoric

Unconvincing World Bank Evolution Roadmap reforms and IMF’s struggle to mainstream climate and gender symptomatic of wider malaise.

17 October 2024

Conditionality

Analysis

Kenya's growing youth movement for fiscal justice rejects IMF-mandated austerity

Youth-led led protests lead to withdrawal of controversial finance bill by President William Ruto.

16 October 2024 | Guest analysis
President of the Republic, Luiz Inácio Lula da Silva, during the opening of the Joint Session of the G20 Sherpa and Finance Trails, at the Itamaraty Palace. Brasília - DF.

Finance

Analysis

The lost call for international financial architecture reform in the G20

At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.

16 October 2024 | At Issue

Finance

Background

What is the World Bank & IMF debt sustainability framework for low-income countries?

This Inside the Institutions examines the joint World Bank and IMF Debt Sustainability Framework (DSF) for low-income countries (LICs) and evaluates its impact on LICs’ ability to maintain fiscal space for development and climate goals.

16 October 2024 | Inside the institutions