International

Finance

Commentary

Quota reform needed at IMF in order to address 21st century challenges

As economic conditions worsen and the Fund's legitimacy comes under increasing pressure, IMF leaders gathering for the Annual Meetings must make progress on ongoing review of IMF quotas and agree a more equitable formula and distribution of voting power.

4 October 2022 | Guest comment

Environment

Analysis

World Bank’s failure to disclose details of climate finance accounting opens its claim to be leading green financier to scrutiny

Newly released study by Oxfam finds that the Bank’s claims of climate finance for FY2020 could be off by as much as 40 per cent, or $7 billion, highlighting the urgent need for greater public disclosure.

4 October 2022 | Guest analysis

Environment

News

IMF seeks to ‘unleash’ private climate finance, as experts question ‘de-risking state’ model

In the face of growing calls to ‘de-risk’ green investments for the private sector, academic experts call for developmental allocative green credit regimes, rather than market-led approaches.

4 October 2022

Environment

News

Pakistan calls for climate reparations, as CSOs push for fresh SDR allocation to ease multiple crises

Non-debt forms of financing essential, as many countries on front line of climate change face ‘polycrisis’ that threatens macroeconomic stability.

4 October 2022

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