Government officials and development groups have criticised the failure of the World Bank and developed countries to deliver financial aid promised to Southern Sudan.
Debt
Accountability
Background
Meeting between UK civil society and Alex Gibbs, UK IMF Executive Director
Minutes of a meeting between UK civil society, UK IMF Executive Director Alex Gibbs, and UK Treasury staff
Finance
News
Nigerian law makers: World Bank loan invalid
In December the Nigerian House of Representatives declared a $300 million loan from the World Bank invalid, because the National Assembly was not consulted before the government began negotiations for the loan.
Finance
News
IEG calls World Bank's crisis action limited
A November report by the World Bank's arms-length Independent Evaluation Group declared that the additional Bank funding made in response to the financial crisis was "sizable yet modest, compared to the fall in private capital flows to emerging and developing economies and to the assistance provided by some other sources."
Rights
News
Bangladesh conference speaks out against IFIs
Civil society representatives from Bangladesh, India and Pakistan met at a December workshop in Dhaka on international financial institutions and debt, and said that it was time to free the region from the IFIs.
Finance
News
IMF urges donors to pay up in Malawi
In mid January, the IMF took the unusual step of asking a group of donors to release budget support grants to Malawi, which they have been withholding until a new IMF programme is approved.
Environment
News
Debt aftershocks to shake Haiti's recovery?
An IMF loan to Haiti in response to the devastating earthquake in early January has been criticised for exacerbating the country's debt burden and endangering recovery.
Accountability
Commentary
Destructive development: A case of ecological debt in Bangladesh
'Development' has become synonymous with destruction in Bangladesh as many of the so-called development projects, financed mainly by the International Financial Institutions (IFIs), have huge negative impacts on the ground. They have added to the global north's 'ecological debt', which must now be repaid.
Environment
Background
Meeting on the World Bank between UK NGOs and Douglas Alexander, Secretary of State for Internationa
Minutes of a meeting between Douglas Alexander, Secretary of State for International Development, and UK NGOs, 16 September 2009
Rights
News
Good cop, bad cop?
There has been significant concern about IMF programmes in Honduras, where the IMF has not made clear whether it will deal with coup leaders who seized power from the elected president, and in Sri Lanka due to concern over allegations that the government is abusing the human rights of hundreds of thousands of Tamils.
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.