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.
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.
The Development Committee communiqué was published on 15 October. It acknowledged an uneven and uncertain path to recovery, while it kept silent on the need for a TRIPS waiver of the Covid-19 vaccines and said little about the IMF’s new $650 billion allocation of SDRs.
Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.
Indonesian civil society have raised concerns that the World Bank is promoting gas and supporting further coal expansion in its new Country Partnership Framework.
Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.
Notes from the Civil Society Policy Forum session on 29 September on the implications and shortcomings of how Development Policy Financing nudges countries towards policy reforms.
Civil society voices concern about continued support for fossil gas under the policy.
Notes from the virtual Civil Society Policy Forum at the 2020 World Bank and IMF Annual Meetings 5 October session on the World Bank's 'Maximizing Finance for Development' and the Covid-19 response.
Notes from the virtual Civil Society Policy Forum 28 September Session at the IMF and World Bank 2020 Annual Meetings on Covid-19 and debt.
CSOs express concerns at congressional hearing about pending IFC capital increase.
US Congress yet to approve World Bank’s proposed capital increase agreed in 2018.
Notes from a meeting with the UK World Bank Executive Director on 6 July 2018.
World Bank board to formalise contentious general capital increase at October Annual Meetings