Spring/Annual meetings

World Bank Group President Ajay Banga enters headquarters on his first day, Washington DC, 2 June 2023.

IFI governance

Analysis

Annual Meetings 2023 Preamble: Lack of governance reform and economic transformation front and centre as World Bank and IMF meet in Africa for first time in 50 years

As the World Bank moves toward finalising its ‘Evolution Roadmap’, and IMF shareholders struggle to agree on an outcome to the 16th Review of Quotas, the stakes in Morocco are high.

5 October 2023
Tunisians demonstrate for peace, freedom of speech and for a secular state ahead of elections for a Constituent Assembly on 23 October 2011, following the Tunisian Revolution. Credit: European Parliament

Finance

Analysis

The IMF and World Bank talk good governance, but walk with state- capturers

From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.

4 October 2023 | At Issue
Protest at COP27, celebrated in Sharm el-Sheikh, Egypt in November 2022. Credit: Oliver Kornblihtt / Mídia NINJA

Finance

Analysis

Assessing the Bretton Woods Institutions’ legacy

New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.

3 October 2023 | Briefings

IFI governance

Background

IFI reform, Bridgetown & climate finance: Critical civil society perspectives

Notes from Civil Society Policy Forum panel on 12 April titled "IFI reform, Bridgetown & climate finance: Critical civil society perspectives."

12 May 2023 | Minutes

IFI governance

News

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.

19 July 2023

IFI governance

Analysis

G24 communiqué analysis Spring Meetings 2023: In a world in crisis, BWIs need bold reform

The G24 communiqué of the 2023 Spring Meetings left no doubt about the gravity of the state of global affairs, including rising extreme poverty, food insecurity, migration and forced displacement.

19 April 2023

IFI governance

Analysis

Development Committee chair’s statement analysis Spring Meetings 2023: Division among Bank’s shareholders leaves ‘evolution roadmap’ at a cross-roads

Lack of consensus over Ukraine conflict meant Development Committee once again failed to agree a communiqué, with split also emerging over sources of funding for Bank’s expanded mission.

19 April 2023

IFI governance

Analysis

G20 press briefing analysis Spring Meetings 2023: Deep divisions and limited ambitions hinder response to the polycrisis

Despite pressing global issues, including a mounting debt crisis in low- and middle-income countries, the G20 failed to release a communique following the meeting of its finance ministers on 13 April at the World Bank and IMF Spring Meetings.

19 April 2023

IFI governance

Analysis

IMFC chair's statement analysis Spring Meetings 2023: Optimism and complacency at odds with growing desperation of Global South stakeholders

The IMFC again did not issue a communiqué as it could not agree on language on the war in Ukraine. A chair’s statement was issued in lieu of the communiqué and emphasised the resilience of the global safety net system, better than projected conditions and concerns about significant challenges.

19 April 2023

IFI governance

Analysis

V20 communiqué analysis Spring Meetings 2023: Climate vulnerable countries call for global financial architecture fit to tackle climate and debt emergencies

V20 called for substantive debt relief and increased concessional financing to help break vicious cycle of debt and Loss and Damage, and spur ‘climate-positive development’.

19 April 2023