G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.
International
IFI governance
Analysis
IMFC communiqué analysis – Annual Meetings 2021
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.
IFI governance
Background
The role of the World Bank in combatting economic gender inequality in conflict-affected countries
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.
IFI governance
Analysis
Annual Meetings 2021 Preamble: IMF and World Bank face existential questions in midst of global health and climate crises
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.
Finance
Commentary
Joint statement on World Bank’s IDA20 replenishment
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.
Finance
News
Open letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil society organizations call for principles for fair channeling of Special Drawing Rights
CSO launches call for the fair channeling of Special Drawing Rights.
IFI governance
Background
Building back better health systems: lessons from the WBG's Covid-19 response and recovery plans
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.
IFI governance
Background
IMF surcharges: A necessary tool or counter-productive obstacle to a just and green recovery?
Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.
IFI governance
Background
Making the Most of Special Drawing Rights: Approaches to maximise impact and create a sustainable and just recovery
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.
Finance
Analysis
Opportunity lost? IMF approach to Special Drawing Rights channelling risks wasting golden chance
Civil society groups argue that IMF must be far more ambitious in its plans for SDRs to be channelled to countries in need.
Social services
Analysis
IMF rhetoric and practice on public sector wage constraints: Advice to slash spending continues despite Covid-19 pandemic
Forthcoming research from ActionAid International shows IMF’s dogmatic support for public sector wage bill cuts continues.
Environment
Analysis
New IMF climate strategy seeks to radically expand its climate work – amid concerns about its approach
Strategy proposes adding up to 95 new staff to boost Fund’s capacity to work on climate issues, as civil society research suggests Fund advise misaligned with just energy transition.
