BWP's analysis of this year's IMF and World Bank annual meetings; hopeful growth forecasts tampered by medium-term concerns, with US anti-multilateralism finally hitting Bank and Fund.
Other International Financial Institutions
Co-financing arrangements and increased World Bank-AIIB cooperation on mega-infrastructure projects represent a dangerous global trend that threatens human rights and locks in a failed development model.
The government of Suriname has cancelled its loan programme with the IMF, claiming its conditionalities were too much to bear for its citizens.
Indonesian organisations have demanded that the World Bank stops funding harmful infrastructure funds, highlighting impacts on the environment and indigenous communities.
Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
The Bretton Woods Project's review of the most important developments at the World Bank and IMF in 2016.
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
The Bretton Woods Project's selection of the best books, reports and other resources on the World Bank and IMF from 2016.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.