The Development Committee communiqué was published on 15 October. It acknowledged an uneven and uncertain path to recovery, while it kept silent on the need for a TRIPS waiver of the Covid-19 vaccines and said little about the IMF’s new $650 billion allocation of SDRs.
Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
G20 offers sanguine tone on the global health and debt crises, failing to address issues related to vaccines and private creditors.
G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.
The communiqué of the IMFC was issued on 14 October. It emphasised an uneven recovery from the Covid-19 crisis and highlighted debt concerns. It also called for progress on IMF quota reform.
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.
Bretton Woods Project, Eurodad and Afrodad publish statement on the need for IDA20 replenishment to make an effective and meaningful contribution to recovery and resilience efforts.
Civil society groups argue that IMF must be far more ambitious in its plans for SDRs to be channelled to countries in need.
Notes from the Civil Society Policy Forum session on 29 September on the implications and shortcomings of how Development Policy Financing nudges countries towards policy reforms.
Notes from the Civil Society Policy Forum session on 8 October on the need for the World Bank to better address economic gender inequality in conflict-affected countries.
Notes from the Civil Society Policy Forum session on 6 October on the World Bank's need to highlight the centrality of public healthcare systems, central to a just and equitable recovery.
Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.
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.
Notes from the Civil Society Policy Forum session on 29 September on fiscal measures to promote sustainable growth during the longer-term recovery phase.
Civil society voices concern about continued support for fossil gas under the policy.
Significant victory for global civil society and movements as World Bank ends Doing Business Report
Review maintains inadequate and inconsistent approach to economic and gender inequality, as well as climate change.
