International

Social services

News

World Bank issues new guidance on PPPs legal frameworks, ignoring long-standing concerns with the model

New World Bank guidance on PPP legal frameworks evidence of institution’s continued reliance on PPPs as key to addressing SDG financing gap despite well-documented failures. Previous World Bank PPP contracts template criticised for incompatibility with human rights norms.

4 October 2022

Accountability

News

World Bank’s accountability mechanisms - still a long way to go

57 CSOs highlight need for operational changes in the World Bank’s new accountability scheme to ensure its effectiveness.

4 October 2022

IFI governance

Background

What are the World Bank and IMF Annual Meetings?

This Inside the Institutions looks at the World Bank and International Monetary Fund Annual Meetings, one of two official yearly events bringing together BWI governors, officials, civil society, academics and journalists to discuss major economic developments and global governance.

4 October 2022 | Inside the institutions

Rights

News

'Uber Files' and 'Back off BlackRock' campaign expose 'pink washing' as the heart of corporate women's economic empowerment agenda

Uber Leaks and cancelled BlackRock and UN Women partnership highlight contradiction of corporate ‘pink washing’ interests with IFI gender commitments.

4 October 2022

Infrastructure

News

New deal allows for ICSID claims on fossil fuel investments until 2033

Loophole in renegotiated Energy Charter Treaty could see companies sue countries for losses related to fossil fuel projects until 2033.

4 October 2022

Rights

News

Will IMF Strategy for Fragile and Conflict-Affected States escape traditional focus on austerity?

The IMF’s new Fragile and Conflict-Affected States strategy has incorporated many civil society concerns, but civil society and international actors like the UN must also have input into its implementation.

4 October 2022

IFI governance

News

World Bank appoints Indermit Gill as new chief economist

Gill replaces Carmen Reinhart as she returns to Harvard after a two-year public service leave from the institution.

3 October 2022

Land

Analysis

World Bank and IMF’s response to global food crisis misses mark, as financial speculation drives food prices to historic highs

Action plan launched by Bretton Woods Institutions and other IFIs ignores role of corporatisation of agriculture in contributing to current crisis.

21 July 2022

Finance

Analysis

A new Bretton Woods for whom? Civil society calls for democratisation of global governance

As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.

21 July 2022

Accountability

Commentary

The IMF is changing and needs an independent ombudsman

The Fund's expansion of its work into the macro-stability challenges posed by pandemics, climate change, gender discrimination and inequality increases the risks that it may negatively impact communities and individuals.

21 July 2022 | Guest comment

Accountability

Analysis

Why the IFC can’t afford to squander this opportunity to get remedy right

The IFC is the only DFI that has committed to creating a remedy framework. The basic requirements of a rights-based remedy framework are already known.

21 July 2022 | Guest analysis

Environment

News

Resilience and Sustainability Trust: Will “qualifying reforms” bring long-overdue institutional shift?

Problematic track record on climate and fossil fuel finance means IMF-World Bank collaboration on the Resilience and Sustainability Trust risks repetition of failed policies.

21 July 2022