International

Rights

News

A new SDR allocation: Combatting deepening fragility concerns

The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.

8 December 2022

Finance

News

Debt overhang risks another lost decade and could derail progress on poverty reduction and SDGs

Over 60 per cent of low-income countries and more than 25 percent of emerging market economies are in or at risk of debt distress, and are in danger of being unable to fulfil their fiscal obligations.

8 December 2022

Gender

Background

The World Bank's approach to gender mainstreaming

This Inside the Institutions looks at the World Bank’s current approach to gender mainstreaming, reflecting on and comparing it to previous Bank approaches to addressing gender inequality.

8 December 2022 | Inside the institutions

IFI governance

News

IMF's Independent Evaluation Office appoints new director and releases 2023 work plan

Changes in leadership have been announced at the WB Independent Evaluation Group and IMF Independent Evaluation Office. Furthermore, the IMF IEO published its 2023 Work plan introducing two new governance evaluations of the IMF’s mandate and its Exceptional Access Policy.

8 December 2022

Accountability

Background

The Bretton Woods Project welcomes new project leads on Financialisation and IFI Governance

Robert Bain and Mihaela Sirițanu join the Project as it expands its focus on financialisation and reform of the Bretton Woods Institutions.

8 December 2022 | Project news

Finance

Commentary

Civil society organizations urge end to IMF surcharges to finance climate action instead

More than 300 organisations and individuals call upon the IMF to urgently address one of the most glaring and easily rectifiable contradictions between its stated support for a just transition and its actions by immediately ending its surcharge policy. 

22 November 2022 | Letters

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2022: Climate vulnerable countries call for debt relief and a revamped IMF

The finance ministers for the Vulnerable Group of Twenty, a bloc of 58 developing country economies representing some 1.5 billion people, issued a communiqué on 16 October.

19 October 2022

IFI governance

Analysis

IMFC Chair's Statement analysis Annual Meetings 2022: Scrambling for new ideas to tackle inflation, debt, and climate change

IMFC chair statement condemns Russia’s war while scrambling for new ideas to tackle inflation, debt, and climate change, as Covid response fades from attention.

19 October 2022

IFI governance

Analysis

G24 communiqué analysis Annual Meetings 2022: G24 echoes calls for more drastic measures by international financial institutions

G24 communiqué echoes calls for more drastic measures by international financial institutions to cushion the blow for low- and middle-income countries in the face of compounding global crises.

19 October 2022

IFI governance

Analysis

Development Committee Chair’s Statement analysis Annual Meetings 2022: Statement calls for greater international cooperation and strengthened multilateralism

The Development Committee issued a chair statement instead of a communiqué, following its meeting on 14 October.

19 October 2022

IFI governance

Analysis

G20 press briefing analysis Annual Meetings 2022: Challenges and differences in view, as escalating geopolitical conflicts worsen the economic situation

The Indonesian Minister of Finance Sri Mulyani Indrawati acknowledged the G20 faced "many challenges" and "differences in view", with "escalating geopolitical conflicts worsening the economic situation.”

19 October 2022

IFI governance

Analysis

Annual Meetings 2022 Wrap Up: As the world runs out of time, BWIs fail to provide clear vision and bold actions

The World Bank and IMF meet for their Annual Meetings amid a turbulent economic and geopolitical context, and the realisation that the SDGs will not be met. Despite much discussion of urgent action required, little evidence of solutions to the multiple challenges facing the globe was on offer.

18 October 2022