Analysis of the IMFC communiqué, issues on 15 October, from the 2020 World Bank and IMF virtual Annual Meetings.
Covid-19
IFI governance
Analysis
Annual Meetings 2020 Preamble: IMF and World Bank frontload austerity and privatisation in Covid-19 recovery, while the world calls for more inclusive multilateralism
As the inability of Bank and Fund to adapt their policies in response to the Covid-19 pandemic becomes more evident, hope turns to the UN system and a radical restructure of the global international financial architecture.
Accountability
Analysis
IFC and MIGA must ‘walk the accountability walk’ on the road mapped by independent review
Implementation in full of the independent review of IFC, MIGA and CAO is essential if institutions are to meet persistent accountability and remedy gaps.
Rights
Analysis
Repairing harm caused: What could a reparations approach mean for the IMF and World Bank?
It is time for the IMF and World Bank to understand their own responsibility and decolonise their approach.
Finance
Analysis
Over optimistic IMF forecasts risk dire consequences for Covid-19 response
As G20 gears up to take critical decisions on international financial response to Covid-19, the consequences of overly rosy IMF forecasts are potentially more costly than ever.
Conditionality
News
Civil society raises alarm about IMF’s continued backing of austerity amidst pandemic
Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.
IFI governance
News
Changes at the top for IFC and its accountability mechanism
IFC and CAO will undergo changes in leadership at a pivotal time for both institutions, with merit-based selection of new leaders essential.
Social services
Background
World Bank Group’s ‘Maximizing Finance for Development’ in times of Covid-19
Notes from the virtual Civil Society Policy Forum at the 2020 World Bank and IMF Annual Meetings 5 October session on the World Bank's 'Maximizing Finance for Development' and the Covid-19 response.
Conditionality
Background
Fiscal space for universal health and social protection post Covid-19 pandemic: How to prevent austerity
Notes from the Civil Society Policy Forum Session on 2 October.
Accountability
Background
Tracking the trillions: Emergency funds, corruption and making the Covid-19 recovery work for all
Notes from Civil Society Policy Forum at the 2020 IMF and World Bank Annual Meetings 29 September session on corruption and Covid-19 recovery.
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