View all articles

G20

Finance

Analysis

UN Financing for Development: The best chance to democratise global economic governance?

As Bretton Woods Institutions fail to deliver transformative, systematic reform of deeply unequal global architecture, countries should embrace a more democratic space: the United Nations Financing for Development process

19 July 2023 | Guest analysis

IFI governance

Analysis

G20 press briefing analysis Spring Meetings 2023: Deep divisions and limited ambitions hinder response to the polycrisis

Despite pressing global issues, including a mounting debt crisis in low- and middle-income countries, the G20 failed to release a communique following the meeting of its finance ministers on 13 April at the World Bank and IMF Spring Meetings.

19 April 2023

IFI governance

Analysis

Spring Meetings 2023 Wrap up: Bretton Woods Institutions fail to deliver a transformative ‘evolution’

In the absence of transformative reform blocked by geopolitical fragmentation, the World Bank and IMF continue addressing global challenges with short-term, misguided measures of trickledown economics and private sector over reliance.

18 April 2023

IFI governance

Analysis

Spring Meetings 2023 Preamble: Threats to multilateral system and to achievement of development goals mount as hopes of substantive reform at World Bank and IMF wane

Spring Meetings unlikely to deliver structural reforms required to respond to worsening polycrisis, as Global North-driven World Bank reform set to divert attention from poverty and inequality and geopolitical tensions dampen hopes of new SDR allocation and IMF quota reform.

6 April 2023

IFI governance

Analysis

Democratic deficit in World Bank presidential appointment: Where is the evolution?

The World Bank Group needs to address its democratic deficit and lack of accountability. As it prepares to elect a new president and implement its “evolution roadmap”, it should use these key opportunities to embrace a profound reform.

5 April 2023

Finance

Analysis

The global financial architecture and the international debt crisis: An urgent call for reform

Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.

5 April 2023 | At Issue

IFI governance

Analysis

G20 press briefing analysis Annual Meetings 2022: Challenges and differences in view, as escalating geopolitical conflicts worsen the economic situation

The Indonesian Minister of Finance Sri Mulyani Indrawati acknowledged the G20 faced "many challenges" and "differences in view", with "escalating geopolitical conflicts worsening the economic situation.”

19 October 2022

Finance

Analysis

G20 review calls for increased MDB lending as World Bank ignores urgent need for policy changes

G20 independent review calls for increased lending by multilateral development banks to address multiple crises, but lack of reform in World Bank crises response framework raises concerns about how it would use additional resources.

4 October 2022
View all articles

Other news

Finance

News

A different ‘evolution roadmap’: Havana conference calls for changes in world order hierarchy

As IMF and World Bank tinker at margins, 50 policymakers, diplomats and academics from over 26 countries issue Havana Declaration calling for an assertion of Southern power and the building of a new "planetary bloc".

5 April 2023

Finance

News

Chad gets debt rescheduling, not relief, and is left dependent on oil revenues

Chad has reached an agreement to restructure its nearly $3 billion of external debt, unlocking IMF financing, but the deal has been criticised for failing to reduce the country’s overall debt burden.

8 December 2022

Finance

Analysis

Our world in 2020

As the Covid-19 pandemic exacerbated and helped reveal pre-existing injustices and structural flaws in the global economy - and the IMF and World Bank proved unable to reverse course on broke policy prescriptions - calls for reforming the international financial and development architecture gained strength. 

22 February 2021

Finance

Background

Taxing to Develop: International Taxation Challenges for Africa

Notes from the IMF and World Bank 2019 Spring Meetings official session on 14 April on international taxation challenges in Africa. 

18 April 2019 | Minutes

Finance

News

Argentina increases offer to bondholders after IMF claims “room for improvement”

Private creditors provided with IMF backing in Argentina negotiations as country enters into default.

16 July 2020

Infrastructure

Background

Sustainable Infrastructure: Aligning with Rights and the SDGs

Notes from the Civil Society Policy Forum event on 10 April, which looked at sustainable infrastructure from fiscal, rights and climate lenses.

17 April 2019 | Minutes

Private Sector

News

CSOs call on World Bank to halt its aggressive support of PPPs

152 CSOs call demand World Bank halt its aggressive support of PPPs, publicaly recognise their significant risks.

6 December 2017

Social services

Background

PPP civil society strategy session

Notes from a PPP civil society strategy session taking place during the week of the World Bank/IMF annual meetings 2016.

4 October 2016 | Minutes
View all articles