US Treasury Secretary Scott Bessent indicates US will stay in the Bank and Fund, claiming “America First does not mean America alone,” as tariffs and rising debt vulnerabilities prompt gloomy forecast.
Private capital mobilisation
Finance
Analysis
Civil society calls for FfD4 to revive 'spirit of Monterrey' and reassert UN's role in global economic governance
The role of Bretton Woods Institutions remains a key point of contention, amidst their stark governance deficits.
Finance
News
Private lenders’ resistance to Ethiopia's debt relief highlights urgent need for debt architecture reform
Ethiopia becomes the latest victim of the dysfunctional Common Framework, as private lenders continue to hold out on its debt restructuring with significant human rights, social and economic consequences.
IFI governance
Analysis
Development Committee chair’s statement analysis Annual Meetings 2024: compounding crises expose the World Bank’s role in structural failures but limit scope for reform
Despite Development Committee’s call for increased development impact amidst compounding crises, persistent geopolitical fragmentation constrains the critical reforms needed to address structural failures.
