IFC accused of violation of performance standards after alleged retaliatory action against workers.

IFC accused of violation of performance standards after alleged retaliatory action against workers.
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
Joint letter to IFC chief executive officer raises questions on worker protections.
Malaysian workers certify union of choice despite efforts of IFC-backed company.
World Bank's vision of the changing nature of work clashes with the feminist community, civil society, trade unions and international organisations.
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
World Bank approves new $145 million irrigation project in Uzbekistan, despite ongoing concerns about forced and child labour in the country's cotton sector.
IMF agrees to conditional participation in new Greek loan package and demands that the government maintains the suspension of collective bargaining despite rising inequality and decrease in wages.
March IMF policy paper advocates liberalisation and lowering of labour market protections although makes case for stimulus when there is 'available fiscal space'. World Bank displays inconsistent labour policy implementation. IMF U-turn on advice regarding Germany’s introduction of minimum wage.
The UN expert on foreign debt has published a report critical of IMF and World Bank policies related to labour rights, claiming that the evidence does not support their pproach.