This Inside the Institutions looks at IMF’s Resilience and Sustainability Trust (RST) reflecting on concerns about its eligibility criteria, quota limit, and 'green conditions'.
Climate change
Finance
Analysis
Assessing the Bretton Woods Institutions’ legacy
New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.
Environment
News
Civil society raises concerns of widespread IFC noncompliance with its own Performance Standards on greenhouse gas emissions
New analysis by Bank Climate Advocates of 300 projects found IFC failed to follow its own guidelines on ‘emissions quantification, alternatives analysis, mitigation, disclosure and affected communities impact assessment’.
IFI governance
News
Marrakech CSO working group launches statement ahead of 2023 Annual Meetings
Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.
Environment
Background
Job opening: Bretton Woods Project seeks Environment Project Officer (closed)
BWP is now accepting applications for the new role of Environment Project Officer, which will support the Project's advocacy and research on the Bretton Woods Institutions' climate-related policies.
Environment
News
As World Bank launches Paris alignment approach, unclear guidelines raise greenwashing concerns
Bank’s approach relies on countries' national climate plans, which are not currently collectively aligned with 1.5°C temperature goal.
Finance
Analysis
World Bank Group Evolution: Technical fixes or urgently needed reform?
World Bank Evolution Roadmap’s proposed superficial technical patches favouring the ‘logic’ of the market will likely fail to deliver the structural changes needed to support borrowing countries amidst global crises.
Finance
Analysis
Against regressive taxes and austerity: IMF and World Bank must pivot tax policies to support a just and green transition
This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.
Infrastructure
News
MIGA’s support for gas projects raises concerns about its climate credentials
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
Finance
News
A different ‘evolution roadmap’: Havana conference calls for changes in world order hierarchy
As IMF and World Bank tinker at margins, 50 policymakers, diplomats and academics from over 26 countries issue Havana Declaration calling for an assertion of Southern power and the building of a new "planetary bloc".
Featured briefings
12 December 2024
The Bretton Woods Observer: Winter 2024
16 October 2024
The Bretton Woods Observer: Autumn 2024
16 October 2024
The lost call for international financial architecture reform in the G20
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.