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.
Financial sector
Private Sector
News
IFC launches consultation on draft Operating Principles for Impact Management
As IFC launches consultation on draft Principles, its declining development outcome performance as 'first impact investor' provides useful point of departure.
Private Sector
Analysis
Recipe for disaster: The IMF and World Bank’s role in the financialisation of food and agriculture
World Bank and IMF contribute to financialisation and coorperatisation of agriculture contributing to food insecurity, concentration of power and climate emergency.
Private Sector
Analysis
How the Bank’s push for microcredit failed the poor
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
Private Sector
News
CSOs call on World Bank to halt its aggressive support of PPPs
152 CSOs call demand World Bank halt its aggressive support of PPPs, publicaly recognise their significant risks.
Private Sector
Background
Examining the IFC’s climate and forest footprint in its financial sector investments
Notes from a side event at the IMF/World Bank 2016 annual meetings on how the World Bank Group can ensure that its financial intermediary investments are consistent with its forest and climate commitments.
Land
Analysis
IFC investments implicated in land grabs in Africa
IFC investments through financial intermediary investments linked to land grabs and displacement in Africa. CSOs critique proposed changes to IFC lending policies.
Private Sector
Background
Why impact investments can be an effective tool for social development
Notes of spring meeting session on impact investments, 18 April.
Finance
Analysis
What is left of the rise of the South?
While the recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, they are thus far not a rupture with the Western-dominated international financial architecture.
Private Sector
News
IFC investments through financial intermediaries linked to human rights abuses in Honduras, again
A new complaint was lodged with the CAO regarding an IFC financial intermediary investment in Honduras, while another financial intermediary case, previously linked to the IFC, escalate into violence.
Featured briefings
12 October 2020
World Bank and IMF Annual Meetings 2020
6 October 2020
The Bretton Woods Observer: Autumn 2020
6 October 2020
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.