International

IFI governance

Background

The future of Special Drawing Rights as a development finance tool: What's next?

Notes from the Civil Society Policy Forum session on 17 April 2024, titled "The Future of Special Drawing Rights as a Development Finance Tool: What's Next?"

17 April 2024 | Minutes
Examining the Progress of the World Bank’s Commitment to Universal Social Protection Organizers: Bretton Woods Project, Human Rights Watch, ACT Church of Sweden, Development Pathways Moderator: David Sherfinski, US correspondent, Context • Panelist 1: Matthew Greenslade, Associate, Development Pathways • Panelist 2: Isobel Frye, Executive Director, Social Policy Initiative • Panelist 3: Jamele Rigolini, Senior Advisor, World Bank

IFI governance

Background

Examining the progress of the World Bank’s commitment to universal social protection

Notes from the Civil Society Policy Forum panel on 17 April titled, “Examining the Progress of the World Bank’s Commitment to Universal Social Protection.”

17 April 2024 | Minutes

Private Sector

News

Webinar - Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations

On 11 April 2024 the Bretton Woods Project hosted a webinar to present its new report Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations, followed by a discussion with CSOs and academics

12 April 2024 | Events

IFI governance

Analysis

Spring Meetings 2024 Preamble: Bretton Woods Institutions continue to sleepwalk through crises as 80th anniversary of Bretton Woods Conference approaches

At a time when transformative changes on governance and development financing are required, the World Bank and IMF have instead opted for a slimmed down Spring Meetings schedule.

11 April 2024
Artcover of the Observer Spring 2024, showing cartoons representing the IMF and World Bank shaking hands holding the EU and US flags respectively

IFI governance

Analysis

Undemocratic gentleman's agreement will further challenge next IMF managing director

EU countries’ backing of Kristalina Georgieva for a second term as IMF Managing Director will likely set in motion the next steps towards her reappointment, representing another lost opportunity to reform IMF governance.

9 April 2024

Finance

Commentary

Better ways to reduce the pain of debt crises for developing countries?

Amid challenging global conditions, proposals to address liquidity issues must be urgently matched by a reformed, development-focused international financial architecture.

9 April 2024 | Guest comment

IFI governance

Analysis

IDA21: Moving beyond a focus on ‘historic’ replenishment

Calls for a ‘historic’ IDA21 replenishment risk diverting attention from the policy framework necessary for IDA to support countries to break their dependence on development finance and undertake the ecologically sustainable and just economic transformation long sought by their populations.

9 April 2024 | Guest analysis
Protester holding a banner with the message System change, not climate change

Environment

Background

The World Bank and climate finance: Success story or a new era of green ‘structural adjustment’?

This Inside the Institutions analyses the World Bank's climate finance, examining its impact on low- and middle-income countries' climate objectives.

9 April 2024 | Inside the institutions

Finance

News

Sri Lanka’s continued debt crisis highlights urgent need for wider reform

Sri Lanka’s inability to avoid its 17th IMF programme, and its catastrophic human rights consequences, adds to evidence of IMF and international system's failure to adequately respond to the worsening debt crisis and urgent need for debt cancellation and systemic reform.

9 April 2024
Cash transfer in the town of Betafo. Credit: Mohammed Al-Arief / The World Bank

Social services

Analysis

Beyond the World Bank: The fight for universal social protection in the Global South

The World Bank Group promotes a model of social protection via poverty-targeted programmes that are error-strewn and can cause social unease, and set back progress towards universal social protection.

9 April 2024 | At Issue

Land

News

World Bank land tenure approach contributes to displacement and food insecurity

The World Bank’s efforts to increase security of land tenure have largely amounted to a ‘formalisation’ of land property rights, which reinforce land inequalities and the disenfranchisement of rural peoples.

9 April 2024

Finance

Analysis

Opportunity lost: World Bank's Roadmap fails to chart path to better development outcomes

Civil society renews calls for an independent external evaluation of Bank policies ahead of Spring Meetings’ focus on the operationalisation of the Roadmap and a ‘historic’ IDA21 replenishment.

9 April 2024