Addition of cumulative carbon emissions indicator in IMF quota formula would give climate-vulnerable countries greater voice in IMF.
IMF’s lending instruments fail to provide swift and large-scale funding for climate transition. The Bridgeton Initiative proposes a new trust backed by $500 billion in SDRs for climate and development.
Civil society urges IMF to reply to UN letter and finally take action to review its surcharge policy.
This Inside the Institutions looks at the World Bank’s current approach to gender mainstreaming, reflecting on and comparing it to previous Bank approaches to addressing gender inequality.
The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.
Over 60 per cent of low-income countries and more than 25 percent of emerging market economies are in or at risk of debt distress, and are in danger of being unable to fulfil their fiscal obligations.
Notes from a Civil Society Policy Forum event on 12 October titled, "Global South feminist perspectives and proposals on accelerating climate finance for countries facing debt crises."
New IMF debt sustainability framework fails to alleviate concerns over transparency and overoptimism in midst of large-scale debt crisis, as countries face severe austerity and private lenders wait for bailouts.
Uber Leaks and cancelled BlackRock and UN Women partnership highlight contradiction of corporate ‘pink washing’ interests with IFI gender commitments.
The IMF’s new Fragile and Conflict-Affected States strategy has incorporated many civil society concerns, but civil society and international actors like the UN must also have input into its implementation.
As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.
As countries resume debt payment obligations amid unequal pandemic recovery CSOs call for debt cancellation and a multilateral debt workout mechanism.