Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.
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Ukraine
Finance
Analysis
The IMF and World Bank-led Covid-19 recovery: ‘Building back better’ or locking in broken policies?
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
Accountability
News
Ukraine: Between a rock and IMF conditionality
Alarm bells ringing as Ukraine struggles to meet IMF conditionality on fuel prices and anti-corruption approach criticised
Knowledge
Analysis
After 15 years, World Bank’s Doing Business Report still missing the mark
CSOs argue DBR’s deregulation policies do not lower income inequality or promote inclusive economic growth, instead incentivising tax competition and undermining inclusive development.
Gender
Analysis
The IMF, Gender Equality and Expenditure Policy
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on expenditure policy in developing countries, focusing in particular on austerity measures.
Conditionality
News
IMF Ukraine programme’s impact on women’s rights criticised at Human Rights Council
WILPF submitted a statement to Human Rights Council criticising the IMF's Ukraine programme. The statement argued that the programme's harsh conditionalities hurt women in particular and called for a human rights based approach to macroeconomic policy making.
Environment
Analysis
Clean Technology Fund (CTF)
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Environment
Analysis
Climate Investment Funds Monitor 14
New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Other news
Land
News
IMF and World Bank help push through contentious Ukraine land reform amid Covid-19 pandemic
Bank and Fund-backed land bill passed in dead of night during lockdown favouring private investors and Western agribusiness.
Land
News
World Bank, IMF and EBRD push for controversial land reform in Ukraine
Ukraine passes contentious draft land reform law under pressure from World Bank, IMF and EBRD.
Finance
News
IMF in Ukraine: $5bn for $15bn haircut?
The IMF has approved a $17.5 billion loan arrangement for Ukraine, however, it has been criticised for relying on debt forgiveness by its creditors.
IFI governance
Background
Matching money and expertise: ensuring conflict sensitivity is top of the agenda for the bank's fragile state financing
Notes of a meeting on matching money and expertise at the World Bank-IMF annual meetings 2014
Land
News
IFC criticised for bad smell of Ukraine loan
An IFC loan to Danish pig farming company in Ukraine has resulted in a complaint to the Compliance Advisor Ombudsdman because of the air pollution and harm to local people's health.
Conditionality
News
IMF embroiled in Ukraine crisis
Ukraine’s interim government concluded negotiations in late March for an IMF loan, likely to carry wide-ranging conditionality.
Rights
News
Ukraine protests against IMF policies
In early July, thousands of protesters took to the streets in the Ukrainian capital Kiev to try to block pension reforms promised as part of the country's IMF loan.
