International

BRICS leaders’ official photo at the XV BRICS Summit in Johannesburg, South Africa, August 2023.

IFI governance

Analysis

Clock is ticking: Will IMF’s 16th Quota Review mean a further loss of legitimacy for the Fund?

The recent BRICS enlargement creates additional pressure for IMF governance reform.

4 October 2023

Finance

Analysis

Balancing ambitions and bridging divides at multilateral development banks

The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.

4 October 2023

Environment

News

World Bank’s reliance on private capital to finance green transition in low- and middle-income countries risks falling flat

Despite lofty rhetoric, Bank’s attempts to use scarce concessional finance to build investable project pipelines to secure power sector decarbonisation faces significant hurdles.

4 October 2023
Leaders of the African Union proposed that the International Monetary Fund consider issuing $650 billion in SDRs to combat the climate crisis. Africa Climate Summit 2023, 5 September 2023.

Finance

News

The 2021 SDR allocation was beneficial for the global economy, but was it sufficient to address the scale of the crisis?

IMF’s new report looking at the impact of the $650 billion SDR allocation in 2021 talks about the benefits of the allocation for the global economy but fails to address the scale of the polycrisis.

4 October 2023
International Human Rights Day protest Manila, 10 December 2020.

Finance

Analysis

Debt sustainability assessment reform essential to address retrogression of international human rights

Recent reports outlining the extensive negative human rights impacts of debt and austerity further evidence the urgency of the need for the IMF and World Bank to go beyond financial sustainability in debt sustainability analysis.

4 October 2023

Finance

Analysis

Reconceptualising Special Drawing Rights as a tool for development finance

Briefing examines the shortcomings of the current SDRs allocation system and calls to reform SDRs to ensure their targeted, needs-based and equitable distribution. 

2 October 2023 | Briefings

Social services

News

Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favour of ineffective targeting schemes

Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favor of ineffective targeting schemes.

4 October 2023

Environment

News

Civil society raises concerns of widespread IFC noncompliance with its own Performance Standards on greenhouse gas emissions

New analysis by Bank Climate Advocates of 300 projects found IFC failed to follow its own guidelines on ‘emissions quantification, alternatives analysis, mitigation, disclosure and affected communities impact assessment’.

4 October 2023

Environment

News

MIGA’s new insurance for voluntary carbon offsets risks propping up junk assets, say campaigners

World Bank’s political insurance arm to provide risk cover to existing offsets if they are affected by governments efforts to better regulate problem-plagued offset schemes.

4 October 2023

Finance

News

IMF acknowledges capital controls have helped Argentine economy

IMF research acknowledges measures to restrict capital outflows introduced in 2019 contributed to Argentina meeting the performance criteria for the Fund’s Extended Fund Facility.

4 October 2023

Accountability

News

UDHR and IPN anniversaries underscore urgent need for Human Rights policy at all IFIs

World Bank and IMF shareholders must use the anniversaries of the Inspection Panel and the Universal Declaration of Human Rights respectively to demand both establish human rights policies and meet their international obligation to provide remedy

19 July 2023
Cartoon representing the World Bank choosing the path towards an unsustainable future

IFI governance

Analysis

Civil society calls for World Bank to reroute ‘Evolution Roadmap’ away from Cascade

Civil society questions the proposed expansion of the Cascade approach, which has failed to deliver the ‘trillions’ promised.

19 July 2023