IMFC chair’s relatively sanguine view of the global economy does not reflect the IMF’s own projection that the five-year global economic growth forecast is “at its lowest in decades”.
International Monetary Fund (IMF)
IFI governance
Analysis
G24 communiqué analysis Spring Meetings 2024: Calls for reform, not protectionism
The Spring 2024 G24 communiqué puts pressure on the BWIs to use their influence where it’s needed, including calls to suspend and review surcharges, offer the biggest ever IDA replenishment, suppot the UN Tax Convention, and avoid protectionist policies.
IFI governance
Analysis
Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains
Urgent BWIs reforms remain hostage to lack of political will in Global North as the G20 failed to deliver on important issues within a fragmented geopolitical situation.
IFI governance
Background
The polycrisis: How unchecked public debt fuels corruption and bad governance
Notes from the Civil Society Policy Forum on 18 April titled "The polycrisis: How unchecked public debt fuels corruption and bad governance."
IFI governance
Background
Fit for purpose: Reviewing green conditionalities in the IMF RST and World Bank RST
Notes from the Civil Society Policy Forum on 18 April 2024 titled, "Fit for purpose: Reviewing green conditionalities in the IMF RST and World Bank RST."
IFI governance
Background
Is a feminist vision on public debt possible?
Notes from the Civil Society Policy Forum on 18 April 2024 titled "Is a feminist vision on public debt possible?"
IFI governance
Background
The future of Special Drawing Rights as a development finance tool: What's next?
Notes from the Civil Society Policy Forum session on 17 April 2024, titled "The Future of Special Drawing Rights as a Development Finance Tool: What's Next?"
IFI governance
Analysis
Spring Meetings 2024 Preamble: Bretton Woods Institutions continue to sleepwalk through crises as 80th anniversary of Bretton Woods Conference approaches
At a time when transformative changes on governance and development financing are required, the World Bank and IMF have instead opted for a slimmed down Spring Meetings schedule.
Private Sector
News
Webinar - Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations
On 11 April 2024 the Bretton Woods Project hosted a webinar to present its new report Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations, followed by a discussion with CSOs and academics
IFI governance
Analysis
Undemocratic gentleman's agreement will further challenge next IMF managing director
EU countries’ backing of Kristalina Georgieva for a second term as IMF Managing Director will likely set in motion the next steps towards her reappointment, representing another lost opportunity to reform IMF governance.
Finance
Commentary
Better ways to reduce the pain of debt crises for developing countries?
Amid challenging global conditions, proposals to address liquidity issues must be urgently matched by a reformed, development-focused international financial architecture.
Finance
News
Sri Lanka’s continued debt crisis highlights urgent need for wider reform
Sri Lanka’s inability to avoid its 17th IMF programme, and its catastrophic human rights consequences, adds to evidence of IMF and international system's failure to adequately respond to the worsening debt crisis and urgent need for debt cancellation and systemic reform.