Covid-19

Finance

Analysis

World Bank’s rating obsession will negate debt justice

The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.

12 August 2020 | At Issue

Finance

Analysis

The IMF and World Bank-led Covid-19 recovery: ‘Building back better’ or locking in broken policies?

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.

16 July 2020

Conditionality

Analysis

The IMF’s role in the devastating impacts of Covid-19 – the case of Ecuador

IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.

16 July 2020 | Guest analysis

Rights

Analysis

Fears of lawsuits at World Bank’s tribunal constrain efforts to fight pandemic

Covid-19 pandemic highlights the urgent need for ICSID and wider ISDS reforms as cases threaten to undermine state efforts to protect public health.

16 July 2020
Kasimba Prinary School, Mpanda District, Katavi Region, Tanzania. August 2019.

Social services

News

The World Bank, Covid-19 and public education: two steps forward one step back

World Bank’s new report on education and Covid-19 contrasts with IFC announcement on freezing private school investments.

16 July 2020

IFI governance

Analysis

Spring Meetings 2020 wrap-up: Will this change everything? Apparently not…

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.

21 April 2020

Finance

News

Argentina increases offer to bondholders after IMF claims “room for improvement”

Private creditors provided with IMF backing in Argentina negotiations as country enters into default.

16 July 2020

Finance

News

Failure to lend to Venezuela and Iran once again raises questions around IMF’s political neutrality

IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.

16 July 2020

Land

News

IMF and World Bank help push through contentious Ukraine land reform amid Covid-19 pandemic

Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.

16 July 2020

IFI governance

Analysis

Spring Meetings amid Covid-19 crisis: Will this change everything?

World Bank and IMF Spring Meetings take place amid a global health emergency which experts estimate could result in millions of deaths.

15 April 2020