In the absence of a G20 Communiqué or Chair statement, Brazilian minister of finance, head of the central bank and other senior officials took questions at a short press conference, with discussion focused on the impact of continued restrictive US monetary policy on the global debt and development finance and the need for more responsive and better capitalised MDBs.
Kenyans take to the streets as IMF-imposed regressive tax regime aggravates cost of living crisis and undermines productivity.
African Group’s proposal for a UN Tax Convention moves forward as CSOs keep pressure on rich countries not to block it.
IMF programme would result in increased electricity prices and regressive consumer tax hikes amid rising cost of living.
This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.
IFI’s initial analysis of gender impact of VAT still at odds with civil society calls and evidence.
Notes from the Civil Society Policy Forum session on 24 March.
Alternative progressive solutions reached by democratic and inclusive multi-sectoral dialogue.
As the IMF celebrates the rise of VAT, women and those least able to pay are left behind in worsening inequality crisis.
Concerns raised about IMF conditions pushing women back into poverty and informal work.
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
