Fight Inequality Alliance meets in Brazil to plan action against current shocking levels of inequality and prepare for World Bank and IMF October Annual meetings in Bali, Indonesia.
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East Asia & Pacific
IFI governance
Background
Financing development through financial intermediaries: Exploring best practices in transparency
Notes from the 19 April Civil Society Policy Forum session on financing development through financial intermediaries at the World Bank and IMF Spring Meetings.
Conditionality
Analysis
Pro-poor or anti-poor? The World Bank and IMF’s approach to social protection
Stephen Kidd critiques Bretton Woods Institutions' approach to targeted social protection systems, arguing the poor lose out the most.
Accountability
Analysis
The IMF in insecure fragile states: why being absent should no longer be an option
While there is scope to improve IMF operations in all fragile states, ahead of the forthcoming publication of the IMF IEO review of IMF work in fragile states, there is one fundamental change it must make to transform its effectiveness in fragile states: wherever it is possible, it must be present. No country should be left out.
Private Sector
Analysis
How the Bank’s push for microcredit failed the poor
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
Knowledge
Analysis
Chinese growth’s contribution to poverty reduction challenges World Bank and IMF neoliberal policies
CEPR report found that two-thirds of extreme poverty during past 25 years took place in China, which did not follow World Bank and IMF neoliberal policies.
Environment
News
Shared prosperity? WBG fails to progress on energy access for poor
A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.
Rights
Analysis
The IMF, Gender Equality and Labour
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.
Other news
IFI governance
News
World Bank general capital increase to be formalised in October
World Bank board to formalise contentious general capital increase at October Annual Meetings
Environment
News
Landmark climate-change complaint against IFC lodged in Philippines
The Philippine Movement for Climate Justice (PMCJ) makes history by filing first ever climate-related complaint against the IFC with the Compliance Advisor Ombudsman (CAO).
Rights
News
Indonesian CSOs demand World Bank stop funding infrastructure funds
Indonesian organisations have demanded that the World Bank stops funding harmful infrastructure funds, highlighting impacts on the environment and indigenous communities.
Conditionality
News
New IMF Mongolia deal: extracting sovereignty
IMF reaches new loan agreement with Mongolia, amidst civil society concerns about impacts on Mongolian people.
Private Sector
News
World Bank arbitration mechanism ICSID rules in favour of El Salvador
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
IFI governance
Background
From accountability to action – the role of management
Notes from a side event at the IMF/World Bank 2016 annual meetings on the role of management in ensuring development banks responds appropriately to community complaints.
Social services
News
US Congresswoman criticises World Bank investments in water privatisation
A US Congresswoman has called for an end to the World Bank’s investments in water privatisation until a robust evaluation has taken place.
Finance
News
World Bank and AIIB sign joint co-financing agreement
The World Bank has signed a co-financing agreement with the Asian Infrastructure Investment Bank, while former Bank staff join the new institution.
