Addition of cumulative carbon emissions indicator in IMF quota formula would give climate-vulnerable countries greater voice in IMF.
East Asia & Pacific
IMF’s new gender mainstreaming strategy makes effort to include civil society demands but falls short of transformative vision as austerity remains Fund’s raison-d’état.
The finance ministers for the Vulnerable Group of Twenty, a bloc of 58 developing country economies representing some 1.5 billion people, issued a communiqué on 16 October.
As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.
World Bank trust fund ESMAP will provide support for domestic market, while IFC will support private sector investment in CCUS.
Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.
Indonesian civil society have raised concerns that the World Bank is promoting gas and supporting further coal expansion in its new Country Partnership Framework.
Notes from a Civil Society Policy Forum event on 14 October titled "Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023."
Notes from the Civil Society Policy Forum session on 4 October on the ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights.
New CSO research alleges that IFC investments have contributed to forced displacement and labour, detention, and other human rights violations of Uyghurs and other minorities in Xinjiang, China.
Civil society day of action rejects corporate agenda and greenwashing in World Bank and IMF Covid-19 recovery.
Notes from the virtual Civil Society Policy Forum event on 30 March.
Notes from the virtual Spring 2021 Civil Society Policy Forum on 25 March 2021.
Civil society letter condemns World Bank statements as ‘weak’.
World Bank plans to publish latest DBR in March and undertake an external review of the report’s methodology.