World Bank Group

Accountability

News

Demanding accountability: Response to reports of a child sexual abuse cover up at the World Bank

A joint statement from 34 global civil society organizations regarding the extremely disturbing reports of a child sexual abuse cover-up by World Bank Group officials in connection with IFC's investment in Bridge International Academies in Kenya.

19 October 2023 | Letters

IFI governance

Analysis

Marrakech Annual Meetings Wrap-up 2023: Bretton Woods Institutions wilt in the desert, as ‘pragmatism’ fails to resolve urgent crises

Incremental changes paper over deficiencies of status quo, as civil society calls for the radical change required to meet the moment.

18 October 2023

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2023: Climate vulnerable countries demand more voice at Bretton Woods Institutions

V20 seeks confirmation of official observer status at the Bretton Woods Institutions by COP28, as IMF quota review fails to give greater voting power to climate vulnerable countries.

18 October 2023

IFI governance

Analysis

G24 communiqué analysis Annual Meetings 2023: Scramble for 'last resort' support to struggling countries

The Annuals 2023 G24 communiqué for reiterates an urgent need for financial support from both the IMF and World Bank for indebted countries, whilst also supporting reform through quotas, a new SDR allocation & surcharge abolishment and review.

18 October 2023

IFI governance

Analysis

G20 communiqué analysis Annual Meetings 2023: Nothing new under the sun

The Group of 20 (G20) communiqué was published on 13 October. It focused on the consequences of the evolving debt situation, reaffirmed support for the much-criticised Common Framework and was silent on debt relief. The section on MDB reform meanwhile stressed ‘bigger’ rather than ‘better’ banks.

18 October 2023

IFI governance

Analysis

Development Committee chair’s statement analysis Annual Meetings 2023: Geopolitical fragmentation limits the ambition for reform

The Development Committee met on 12 October, with the chair issuing a statement, instead of a communiqué, reflecting the views of the majority of shareholders on the measures needed to tackle the development challenges that “have upended decades of hard-won development progress, and the development.”

18 October 2023
Flyer of CSPF on 12 October 2023, titled: The B-Ready Project: A Significant Departure from the Doing Business Report?

IFI governance

Background

The B-Ready Project: A significant departure from the Doing Business Report?

Notes from the Civil Society Policy Forum on 12 October 2023 titled, "The B-Ready Project: A significant departure from the Doing Business Report?"

12 October 2023 | Minutes

IFI governance

Background

African perspectives on the reforms of the international financial architecture

Notes from the Civil Society Policy Forum Session 'African perspectives on the reforms of the international financial architecture' on 11 October 2023.

11 October 2023 | Minutes
World Bank Group President Ajay Banga enters headquarters on his first day, Washington DC, 2 June 2023.

IFI governance

Analysis

Annual Meetings 2023 Preamble: Lack of governance reform and economic transformation front and centre as World Bank and IMF meet in Africa for first time in 50 years

As the World Bank moves toward finalising its ‘Evolution Roadmap’, and IMF shareholders struggle to agree on an outcome to the 16th Review of Quotas, the stakes in Morocco are high.

5 October 2023
Cover artwork showing World Bank blue globe cartoon painting itself in pink

Gender

Analysis

WBG gender strategy risks undermining new human rights language with continued private sector bias

World Bank’s gender draft strategy for 2024-2030 steps up to name gender a human rights issue but fails to address barriers perpetuated by Bank’s macroeconomic model, while civil society warns of need to move away from Bank’s Maximising Finance for Development model as austerity sweeps the globe.

4 October 2023
Tunisians demonstrate for peace, freedom of speech and for a secular state ahead of elections for a Constituent Assembly on 23 October 2011, following the Tunisian Revolution. Credit: European Parliament

Finance

Analysis

The IMF and World Bank talk good governance, but walk with state- capturers

From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.

4 October 2023 | At Issue

Finance

Analysis

Balancing ambitions and bridging divides at multilateral development banks

The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.

4 October 2023