Knowledge

Background

Recommended resources on the World Bank and the IMF 2024

BWP's collection of recommended reports, briefings, CSO letters and other resources published on the World Bank and the IMF in the past year .

Environment

Analysis

COP29 sees MDBs climate finance take centre stage, as civil society brands new climate finance goal a ‘betrayal’

Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.

Private Sector

Commentary

The B-Ready index: the World Bank’s bluewashing of labour rights

World Bank’s new Business-Ready (B-Ready) index offers new measures but reductionist approach, ultimately rewarding countries driving down labour rights in favour of business.

Accountability

Analysis

Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard

The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.

Land

News

World Bank goes full steam ahead on agribusiness, but new CAFOD report highlights gendered harms of Bank's approach

Under President Banga, the World Bank is going full steam ahead on agribusiness financing with a $9 billion annual commitment by 2030, but a CAFOD report highlights harmful gendered impacts of current approach to commercialising farming.

Environment

News

MIGA’s new guarantee for voluntary carbon markets risks shielding big polluters

CSOs warn MIGA's proposal at COP29 to de-risk carbon markets for private investors could shield polluters from accountability, leaving local communities to bear the costs.

IFI governance

News

New report debunks claims that inadequate MDB transparency results from private sector concerns

Amid underwhelming private capital mobilisation, new report underscores poor state of transparency and disclosure of private sector finance by multilateral development banks and development finance institutions.

Infrastructure

News

World Bank’s Mission 300: a path to power, for whom?

Bank's focus on attracting private investment through energy privatisation raises concerns, as it puts private profits over sustainable energy systems, burdening governments with debt and making electricity less affordable for citizens.

Finance

News

IDA21 cobbles together $100 billion replenishment in context of wider aid cuts

Amid concerns about the policy package and in the face of global crises, IDA's 21st replenishment showed difficulty of mobilising donor finance amid elections and geopolitical tensions.

Accountability

News

CAO report adds to concerns about IFC's compliance with its own GHG emissions obligations

CAO report substantiates civil society findings about IFC’s failure to comply with its own requirements for GHG emissions measurement, alternatives analysis, mitigation and disclosure.

Finance

News

BWIs use frozen Russian assets as part of $50 billion support to Ukraine

BWIs engineer creative ways to provide financial support to Ukraine using frozen Russian assets as back up, in contrast to lack of support for debt-stricken African countries.

Finance

News

UN's Fourth Financing for Development Conference takes place at key moment for international financial architecture reform

Civil society Financing for Development (FfD) Mechanism calls for FfD4 conference to deliver meaningful reform and a true path towards democratic multilateralism.