View all articles

Compliance Advisor/Ombudsman

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

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

Accountability

Analysis

A proposal for Ajay: No evolution without remedy

While World Bank President declares the benefits of a “bigger and better” Bank, the scandal of alleged child sexual abuse and cover up relating to IFC investments in Bridge Academies demonstrates the urgent need for the Bank to establish a robust remedy framework.

13 December 2023

Accountability

News

UDHR and IPN anniversaries underscore urgent need for Human Rights policy at all IFIs

World Bank and IMF shareholders must use the anniversaries of the Inspection Panel and the Universal Declaration of Human Rights respectively to demand both establish human rights policies and meet their international obligation to provide remedy

19 July 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

Accountability

News

World Bank’s accountability mechanisms - still a long way to go

57 CSOs highlight need for operational changes in the World Bank’s new accountability scheme to ensure its effectiveness.

4 October 2022
Ecosistemas advocates protest against Alto Maipo project before IFC building.

Accountability

Commentary

Alto Maipo: Harms endure due to MDBs' lack of proper due diligence

World Bank and Inter-American Development Bank's reactive independent accountability mechanisms cannot address harms caused by lack of proper due diligence in Alto Maipo.

9 December 2021 | Guest comment

IFI governance

Analysis

Annual Meetings 2020 Preamble: IMF and World Bank frontload austerity and privatisation in Covid-19 recovery, while the world calls for more inclusive multilateralism

As the inability of Bank and Fund to adapt their policies in response to the Covid-19 pandemic becomes more evident, hope turns to the UN system and a radical restructure of the global international financial architecture.

12 October 2020
View all articles

Other news

Land

News

IFC approves loan to industrial agriculture producer in Brazil despite pleas for protection of sensitive grassland biome

World Bank’s IFC $200 loan for large-scale agricultural production in Brazil disregards serious human rights and environmental concerns, despite calls by 200 civil society organisations globally

21 July 2022

Rights

News

Report implicates IFC investments in human rights abuses of Uyghur and other minorities in China

New CSO research alleges that IFC investments have contributed to forced displacement and labour, detention, and other human rights violations of Uyghurs and other minorities in Xinjiang, China.

6 April 2022

Social services

News

Civil society hails IFC’s divestment from for-profit education provider Bridge International Academies

The divestment follows a 2020 freeze in new IFC direct and indirect investments in for-profit education providers.

6 April 2022

Accountability

News

Civil society calls for IFC and MIGA to build upon CAO reform

Civil society urges IFC and MIGA to act to maximise the benefits of CAO reforms

13 July 2021

Accountability

News

New CAO vice president urged to fight for CAO independence

Civil society call on newly appointed CAO vice president to safeguard CAO’s independence and fight for full implementation of recent external review of IFC and MIGA accountability framework.

10 December 2020

Accountability

News

Struggle for IFC accountability for Tata Mundra continues despite landmark immunity ruling

IFC continues to avoid responsibility for its investments in Tata Mundra coal power plant as US federal court rules that harmful acts took place outside the United States.

6 October 2020

Accountability

News

Accountability Counsel launches key tool for accountability community

Accountability Console provides complete database of Independent Accountability Mechanism complaints.

12 December 2019

Accountability

Background

A complaint by any other name…good practice among independent accountability mechanisms

Notes from the Civil Society Policy Forum panel event on 15 October on independent accountability mechanisms, with a focus on the World Bank’s Inspection Panel and Compliance Advisor Ombudsman.

15 October 2019 | Minutes
View all articles