Civil society groups argue that IMF must be far more ambitious in its plans for SDRs to be channelled to countries in need.
International
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.
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.
Infrastructure
News
New US treasury guidance introduces limits for US support for fossil fuels at World Bank
Civil society voices concern about continued support for fossil gas under the policy.
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.
IFI governance
Background
Covid-19 recovery: from government response to private sector-led sustainable growth
Notes from the Civil Society Policy Forum session on 29 September on fiscal measures to promote sustainable growth during the longer-term recovery phase.
Finance
News
Time for action: How can IMF help countries use their SDRs for crisis recovery?
If the Special Drawing Rights allocation is to benefit the poorest and most vulnerable, decision makers must use SDRs to respond to the pandemic and its economic consequences.
Finance
News
World Bank and IMF´s gender analysis of VAT falls short
IFI’s initial analysis of gender impact of VAT still at odds with civil society calls and evidence.
Finance
News
Pressure mounts for an end to IDA’s Private Sector Window as IDA20 negotiations continue
Civil society and academics call for scrapping of Private Sector Window in IDA20 and the reallocation of resources to support public sector responses to the pandemic.
Accountability
News
World Bank’s new Accountability Mechanism: One step forward…?
Mixed reactions on new World Bank Accountability Mechanism as civil society welcomes incorporation of dispute resolution function but is concerned about possible erosion of Inspection Panel independence.
Knowledge
News
Global civil society achieves significant victory as World Bank discontinues contentious Doing Business Report
Significant victory for global civil society and movements as World Bank ends Doing Business Report
Finance
News
IMF increases limits of its concessional lending facility, leading to warnings from debt activists
Concessional lending from the IMF reaches record levels with the new reforms set to increase lending further.
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.