World Bank Group

Social services

News

The World Bank's water privatisation agenda neglects fundamental human rights

World Bank's water privatisation agenda directly clashes with its poverty alleviation goals, disregarding water as a basic human right.

9 April 2024

Knowledge

Background

Bretton Woods Project Annual Report 2023

In 2023, BWP continued its work as a watchdog of the World Bank and the IMF, supporting and amplifying the voices of critical civil society groups to capitalise on calls for substantive change, with a focus on four advocacy areas: Gender equality and macroeconomics, the environment, governance reform and accountability, and financialisation and human rights.

21 February 2024 | Annual report (BWP)

Environment

Analysis

Gambling with the planet’s future? World Bank Development Policy Finance, ‘green’ conditionality, and the push for a private-led energy transition

BWP's review of energy sector conditionality in World Bank Development Policy Financing from fiscal years 2018 to 2023 reveals the Bank has followed a pattern of promoting neoliberal reforms in many countries' energy sectors, with climate action increasingly being viewed as the rationale for these changes.

9 April 2024 | Reports

Private Sector

Analysis

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

New BWP's report examines the role of the BWIs in driving financialisation in the Global South and perpetuating neocolonial global imbalances of wealth and power, paying particular attention to its gendered consequences.

4 April 2024 | Reports
Pile of books from the Tibet Green Library. Credit: Bart Heird

Knowledge

Background

Recommended Resources on the World Bank and the IMF 2023

As every year, BWP published its collection of reports, briefings, CSO letters and other resources with a critical angle published in the past year on the World Bank and the IMF.

19 February 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
Suralaya Power Station, Indonesia. Credit: Melvinas Priananda, Trend Asia.

Environment

Analysis

Coal not yet confined to the “old days” by World Bank Group

Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.

13 December 2023 | At Issue

Finance

Analysis

Decolonising the global economic architecture: The prerequisite for a just transition

Global South faces severe structural deficiencies that weaken its economic sovereignty and put it at the mercy of a neo-colonial global financial architecture.

13 December 2023
IMF Managing Director Kristalina Georgieva participates in the Joint Climate Seminar during the 2023 Annual Meetings of the World Bank Group and International Monetary Fund in Marrakech, Morocco on October 11, 2023. Credit: IMF Photo/Kim Haughton

Conditionality

Analysis

World Bank and IMF promoting private finance and fiscal consolidation despite mounting evidence of harmful impacts

Civil society research documents clear harms from privatisation and fiscal consolidation on public services and human rights, as Bank and Fund push for their deepening.

13 December 2023

Finance

Analysis

UN Secretary General's New Agenda for Peace calls for urgent financial architecture and policy reform

UN Secretary General’s New Agenda for Peace report identifies growing threats to global peace and stability, and proposes urgent reforms to the unjust economic system. World Bank and IMF resist policy and governance reform.

13 December 2023

Environment

News

Selection of World Bank to host new Loss and Damage Fund draws ire of developing countries and civil society advocates

Developing countries insist on lengthy list of conditions as Bank is named host of new Loss and Damage Fund on interim basis.

13 December 2023

IFI governance

Commentary

A dizzying ride down the cascade of Bank and Fund double-speak in 2023

From the gentleman's agreement and carbon taxes to B-Ready and the Evolution Roadmap Playbook, the BWIs took us for another ride down the cascade of buzzwords in 2023. Join the BWP gourmets in savouring the word salad.

13 December 2023 | Humour