World Bank Group

Private Sector

News

Webinar - Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations

On 11 April 2024 the Bretton Woods Project hosted a webinar to present its new report Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations, followed by a discussion with CSOs and academics

12 April 2024 | Events

Private Sector

News

World Bank embarks on pilot phase of Business Ready Project, disregarding civil society concerns

B-READY pilot 1 covering 51 countries is released, ignoring CSO concerns about the project’s flawed “private-sector first” agenda.

9 April 2024
IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga at the World Economic Forum Annual Meeting 2024 in Davos-Klosters, Switzerland, 17 January. Credit: World Economic Forum / Benedikt von Loebell

IFI governance

Analysis

Spring Meetings 2024 Preamble: Bretton Woods Institutions continue to sleepwalk through crises as 80th anniversary of Bretton Woods Conference approaches

At a time when transformative changes on governance and development financing are required, the World Bank and IMF have instead opted for a slimmed down Spring Meetings schedule.

11 April 2024

IFI governance

Analysis

IDA21: Moving beyond a focus on ‘historic’ replenishment

Calls for a ‘historic’ IDA21 replenishment risk diverting attention from the policy framework necessary for IDA to support countries to break their dependence on development finance and undertake the ecologically sustainable and just economic transformation long sought by their populations.

9 April 2024 | Guest analysis
Protester holding a banner with the message System change, not climate change

Environment

Background

The World Bank and climate finance: Success story or a new era of green ‘structural adjustment’?

This Inside the Institutions analyses the World Bank's climate finance, examining its impact on low- and middle-income countries' climate objectives.

9 April 2024 | Inside the institutions
Cash transfer in the town of Betafo. Credit: Mohammed Al-Arief / The World Bank

Social services

Analysis

Beyond the World Bank: The fight for universal social protection in the Global South

The World Bank Group promotes a model of social protection via poverty-targeted programmes that are error-strewn and can cause social unease, and set back progress towards universal social protection.

9 April 2024 | At Issue
Apollo Hospital, Dhaka, 2014

Accountability

News

Another day, another IFC scandal

A Telegraph exposé unveils how a private hospital group in India which received £120 million in IFC investment since 2005 was running an illegal organ trading scheme, adding to a growing number of IFC-funded scandals.

9 April 2024

Infrastructure

News

Indonesia JETP's promotion of renewable energy privatisation opposed by unions and civil society

Indonesia’s Just Energy Transition Partnership bears the clear handprint of the World Bank’s private-sector led approach to power sectors in the Global South, creating opposition from unions and civil society.

9 April 2024

Land

News

World Bank land tenure approach contributes to displacement and food insecurity

The World Bank’s efforts to increase security of land tenure have largely amounted to a ‘formalisation’ of land property rights, which reinforce land inequalities and the disenfranchisement of rural peoples.

9 April 2024

Finance

Analysis

Opportunity lost: World Bank's Roadmap fails to chart path to better development outcomes

Civil society renews calls for an independent external evaluation of Bank policies ahead of Spring Meetings’ focus on the operationalisation of the Roadmap and a ‘historic’ IDA21 replenishment.

9 April 2024

Rights

News

World Bank project fails to protect Tanzanian pastoralists from serious human rights abuses

New report by Oakland Institute shows World Bank failing to uphold human rights standards resulting in violent assaults and evictions of Tanzanian pastoralists.

9 April 2024

Environment

News

World Bank makes developing countries wait on Loss and Damage Fund demands

Bank may not respond to asks until June, at the earliest, raising questions about timeline for fund’s operationalisation.

9 April 2024