Action plan launched by Bretton Woods Institutions and other IFIs ignores role of corporatisation of agriculture in contributing to current crisis.
Russian Federation
IFI governance
Analysis
Spring Meetings 2022 Wrap-Up: Progress on key issues side-tracked by Ukraine invasion and BWIs’ own sense of drift
Spring Meetings conclude with frantic calls for stronger multilateralism, but few advances in key issues such as Covid-19 unequal recovery, debt, inequality and climate crises, while Russia participation prevents G20, G24 and Development Committee from releasing a communique.
IFI governance
Analysis
IMFC chair statement analysis – Spring Meetings 2022
The IMFC issued a chair statement in place of a communiqué. It discussed a long list of challenges with focus on fallout from Ukraine invasion and climate change.
Finance
Analysis
China goes global with development banks
This briefing examines the trajectory of China's evolving leadership in international development finance, including the impact of it's massive increase in development finance for developing countries.
Infrastructure
News
Investigation on World Bank support for Mongolia mining project deferred
The Inspection Panel has deferred a decision to investigate a complaint regarding environmental, social and economic damage related to a World Bank funded mining project in Mongolia.
IFI governance
Background
After SCOTUS: Next steps in sovereign debt restructuring
Notes of a meeting on sovereign debt restructuring after SCOTUS at the World Bank-IMF annual meetings 2014
Conditionality
News
IMF rule-change sustains lending to Ukraine
The IMF has changed its long-standing rule on lending to countries in arrears to official creditors, thereby avoiding having to cancel its $17.5 billion loan programme to Ukraine.
Infrastructure
Analysis
The rise of the infrastructure giants
World Bank faces increased competition over large scale infrastructure in Asia, with the Asian Infrastructure Investment Bank and the BRICS Bank.
Finance
Analysis
BRICS Bank: New bottle, how’s the wine?
Last year BRICS' leaders agreed to launch a BRICS development bank. Whether this is considered positive depends in part what questions are being asked. Sameer Dossani of ActionAid International highlights the flaws in the World Bank and IMF, analyses whether a BRICS Bank could be different from these institutions and proposes what it should do and what it should look like.
Private Sector
Analysis
Croissants and TV guides: World Bank's new poverty reduction strategy?
IFC investments in a TV guide, hotels and online shopping highlight projects with weak development outcomes
IFI governance
News
Calls for IMF quota reform implementation
Countries, including Russia and India, have continued to express concerns over the failure to complete the 2010 IMF quota reform.
Conditionality
News
Russian advisors get new jobs
Martin Gilman, former IMF Moscow representative, has been hired to teach economics by the Russian state-funded Higher School of Economics, while Anders Aslund, the one-time consultant and promoter of Russian privatisation, has been appointed to a World Bank team investigating the success of such programmes.
