Global architecture

IFI governance

Analysis

Annual Meetings 2021 Preamble: IMF and World Bank face existential questions in midst of global health and climate crises

Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.

7 October 2021

IFI governance

Background

IMF surcharges: A necessary tool or counter-productive obstacle to a just and green recovery?

Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.

6 October 2021 | Minutes

IFI governance

Background

Making the Most of Special Drawing Rights: Approaches to maximise impact and create a sustainable and just recovery

Notes from the Civil Society Policy Forum session on 4 October on the ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights.

4 October 2021 | Minutes

Finance

Analysis

G20 communiqué analysis – Spring Meetings 2021

Analysis of the G20 communiqué published on 7 April from the 2021 World Bank and IMF virtual Spring Meetings.

12 April 2021

Environment

News

Dutch government sued at World Bank tribunal for fossil fuel phase out plan

ICSID suit against Dutch government’s fossil phase out highlights threat to climate action posed by investor-to-state dispute settlement mechanisms

13 July 2021

Finance

Analysis

Our world in 2020

As the Covid-19 pandemic exacerbated and helped reveal pre-existing injustices and structural flaws in the global economy - and the IMF and World Bank proved unable to reverse course on broke policy prescriptions - calls for reforming the international financial and development architecture gained strength. 

22 February 2021

Finance

Analysis

G20 debt proposal continues to favour creditors

New common framework for debt relief announced at G20 Leaders’ Summit maintains prominent role of IMF and fails to include World Bank debt relief.

14 December 2020

IFI governance

Analysis

IMFC communiqué analysis – Annual Meetings 2020

Analysis of the IMFC communiqué, issues on 15 October, from the 2020 World Bank and IMF virtual Annual Meetings.

21 October 2020

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.

12 October 2020

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.

6 October 2020