The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.
Covid-19 pandemic highlights the urgent need for ICSID and wider ISDS reforms as cases threaten to undermine state efforts to protect public health.
World Bank’s new report on education and Covid-19 contrasts with IFC announcement on freezing private school investments.
Analysis of this year's World Bank and IMF Spring Meetings: With international response to Covid-19 mired in geopolitical manoeuverings and resistance to systemic change, calls for alternatives grow.
Private creditors provided with IMF backing in Argentina negotiations as country enters into default.
IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.
Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.
World Bank and IMF Spring Meetings take place amid a global health emergency which experts estimate could result in millions of deaths.