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.
Civil society questions the proposed expansion of the Cascade approach, which has failed to deliver the ‘trillions’ promised.
Banga takes office as civil society urges him to invert the Cascade and ensure the Bank’s development model is fit for purpose.
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
Gill replaces Carmen Reinhart as she returns to Harvard after a two-year public service leave from the institution.
This Inside the Institutions looks at the IMF’s Special Drawing Rights, including their history and usage, with a focus on the latest allocation, which accounts for 69 per cent of the SDRs ever disbursed.
World Bank announces relaunch of Doing Business Report in approximately two years.
MIGA principally provides political risk insurance for private investors undertaking foreign direct investment.
Market-led policy approaches increasingly used to deal with both climate and health emergencies are failing to protect those most vulnerable.
The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.