Financial sector

Environment

News

Jamaica’s World Bank-brokered catastrophe bond fails to pay despite devastation of Hurricane Beryl

Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.

16 October 2024

Private Sector

Background

What is the International Finance Corporation (IFC)?

This Inside the Institutions explores the International Finance Corporation (IFC), the World Bank Group’s private sector arm. It examines the function of the IFC as a development institution focused solely on private sector solutions to development and considers civil society critiques.

3 July 2024 | Inside the institutions

Private Sector

News

World Bank embarks on pilot phase of Business Ready Project, disregarding civil society concerns

B-READY pilot 1 covering 51 countries is released, ignoring CSO concerns about the project’s flawed “private-sector first” agenda.

9 April 2024

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.

5 October 2020 | Minutes

Private Sector

Background

Private sector accountability in times of crisis

Notes from the virtual Civil Society Policy Forum session on 29 March.

29 March 2021 | Minutes

IFI governance

Analysis

Biden, the Bank and IMF: A break with ‘America first’ or its continued pursuit through multilateral means?

The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.

10 December 2020

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.

7 April 2020

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.

8 December 2017 | At Issue

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.

6 December 2018

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.

6 December 2017