The finance ministers for the Vulnerable Group of Twenty, a bloc of 58 developing country economies representing some 1.5 billion people, issued a communiqué on 16 October.
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World Bank Group
IFI governance
Analysis
G24 communiqué analysis Annual Meetings 2022: G24 echoes calls for more drastic measures by international financial institutions
G24 communiqué echoes calls for more drastic measures by international financial institutions to cushion the blow for low- and middle-income countries in the face of compounding global crises.
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.”
IFI governance
Analysis
Annual Meetings 2022 Preamble: With risk of global recession on horizon, World Bank and IMF's ability to offer credible solutions remains in question
Economic turmoil and geopolitical fragmentation will provide the backdrop to the first in-person World Bank and IMF Annual Meetings since 2019.
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.
Environment
Analysis
World Bank’s failure to disclose details of climate finance accounting opens its claim to be leading green financier to scrutiny
Newly released study by Oxfam finds that the Bank’s claims of climate finance for FY2020 could be off by as much as 40 per cent, or $7 billion, highlighting the urgent need for greater public disclosure.
Environment
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IMF seeks to ‘unleash’ private climate finance, as experts question ‘de-risking state’ model
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Social services
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World Bank issues new guidance on PPPs legal frameworks, ignoring long-standing concerns with the model
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IFI governance
Background
Implications of financial deepening for inequality and its impact on gender, poverty, and marginalization
Notes from a Civil Society Policy Forum panel on 14 October 2022 titled "Implications of financial deepening for inequality and its impact on gender, poverty, and marginalization."
IFI governance
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Notes from a Civil Society Policy Forum event on 14 October titled "Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023."
IFI governance
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Notes from the Civil Society Policy Forum event on 13 October titled "Accelerating equality through a gender-just green transition: unlocking women and girls’ economic opportunities."
IFI governance
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IFC, Uber and the gig economy: deregulation and labour flexibilisation as a “women’s empowerment” strategy
Notes from a Civil Society Policy Forum panel on 13 October titled "IFC, Uber and the gig economy: deregulation and labour flexibilisation as a 'women’s empowerment' strategy,"
IFI governance
Background
Global health financing architecture for pandemic preparedness and response: Tackling future challenges and building on strong foundations
Notes from a Civil Society Policy Forum panel on 12 October titled "Global health financing architecture for pandemic preparedness and response: Tackling future challenges and building on strong foundations."
IFI governance
Background
Global South feminist perspectives and proposals on accelerating climate finance for countries facing debt crises
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."
IFI governance
Background
Coup d'états and political instability: The roles of national, regional, and international actors
Notes from a Civil Society Policy Forum on 12 October titled: "Coup d'états and political instability: The roles of national, regional, and international actors."
Conditionality
News
Nigerians set for higher bills as Bank pushes for removal of ‘inefficient’ energy subsidies
Nigerians set for higher energy bills amidst deep economic crisis as Bank pushes for removal of ‘inefficient’ energy subsidies.
Featured briefings
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Ending “absolute immunity” for the International Finance Corporation: The legacy of Jam v. IFC
EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.