The unfolding debt crisis threatens IDA’s support for 75 low-income countries, without replenishment of grant resources.
Global architecture
IFI governance
Analysis
A way out for IMF reform
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.
IFI governance
Analysis
Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains
Urgent BWIs reforms remain hostage to lack of political will in Global North as the G20 failed to deliver on important issues within a fragmented geopolitical situation.
IFI governance
Analysis
Undemocratic gentleman's agreement will further challenge next IMF managing director
EU countries’ backing of Kristalina Georgieva for a second term as IMF Managing Director will likely set in motion the next steps towards her reappointment, representing another lost opportunity to reform IMF governance.
Finance
Commentary
Better ways to reduce the pain of debt crises for developing countries?
Amid challenging global conditions, proposals to address liquidity issues must be urgently matched by a reformed, development-focused international financial architecture.
Finance
Analysis
Opportunity lost: World Bank's Roadmap fails to chart path to better development outcomes
Civil society renews calls for an independent external evaluation of Bank policies ahead of Spring Meetings’ focus on the operationalisation of the Roadmap and a ‘historic’ IDA21 replenishment.
IFI governance
News
Civil society calls for an end to the 'gentleman's agreement' and a merit-based, open and transparent MD selection process
Civil society calls for the IMF to ensure the next MD selection process is undertaken in accordance with a merit-based, open and transparent process, underpinned by criteria involving a demonstrated commitment to international human rights, feminist principles, green and equitable development, as well as publicly available shareholder votes.
IFI governance
News
Civil society calls for a meaningful Quota Reform that accurately reflects the changes in the global economy to ensure a fair representation of all member countries
Civil society calls upon the IMF to implement a meaningful quota reform by June 2025 and prioritise realignment of shares to reflect more accurately the changes in the global economy and address representation issues
Finance
Analysis
Decolonising the global economic architecture: The prerequisite for a just transition
Global South faces severe structural deficiencies that weaken its economic sovereignty and put it at the mercy of a neo-colonial global financial architecture.
Finance
Analysis
UN Secretary General's New Agenda for Peace calls for urgent financial architecture and policy reform
UN Secretary General’s New Agenda for Peace report identifies growing threats to global peace and stability, and proposes urgent reforms to the unjust economic system. World Bank and IMF resist policy and governance reform.
Featured briefings
3 July 2024
The Bretton Woods Observer: Summer 2024
3 July 2024
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
3 June 2024
A way out for IMF reform
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.