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.
International
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.
Finance
News
Highly indebted countries face further cuts to public spending to service debts, as IMF austerity bites
Debt Justice's new report highlights urgent need for international debt workout mechanisms, as countries are forced to prioritise debt payments.
Social services
News
World Bank’s commitment to private sector-led development casts doubt on effectiveness of new Pandemic Preparedness Fund
The World Bank’s proposal to establish a fund for Pandemic Prevention, Preparedness and Response raises questions about the Bank’s support for private sector healthcare at the expense of public provision.
Gender
News
World Bank's new gender strategy: Concerns about approach to social protection and gender-blind macroeconomic reforms remain
With the World Bank’s current gender strategy set to expire next year, care and social protection emerge as a possible focus, but CSOs remain skeptical that Bank's private sector-led approach will deliver on women's rights.
Accountability
Background
Strengthening Accountability in the Global Economy Project Lead (closed)
BWP seeks a project lead to manage its Strengthening Accountability in the Global Economy Project, which will seek to promote improved governance and equity at the World Bank and IMF.
Social services
News
World Bank’s IFC ends funding for fee-paying primary and secondary schools
Independent Evaluation Group report highlighted private sector education provision can exacerbate inequality and undermine the public sector school system.
Land
News
IFC approves loan to industrial agriculture producer in Brazil despite pleas for protection of sensitive grassland biome
World Bank’s IFC $200 loan for large-scale agricultural production in Brazil disregards serious human rights and environmental concerns, despite calls by 200 civil society organisations globally
Trade
Background
What is the World Bank’s International Center for the Settlement of Investment Disputes (ICSID)?
New Inside the Institutions looks at the World Bank’s International Center for the Settlement of Investment Disputes (ICSID), the main forum for Investor-to-State Dispute Settlements.
Finance
News
To support the global economy, G7 should call for IMF to remove harmful surcharges
CSOs urge the G7 to take action to support debt-distressed economies by calling for the International Monetary Fund (IMF) to immediately end its harmful surcharge policy.
IFI governance
Analysis
Spring Meetings 2022 Wrap-Up: Progress on key issues side-tracked by Ukraine invasion and BWIs’ own sense of drift
Spring Meetings conclude with frantic calls for stronger multilateralism, but few advances in key issues such as Covid-19 unequal recovery, debt, inequality and climate crises, while Russia participation prevents G20, G24 and Development Committee from releasing a communique.
IFI governance
Analysis
G20 press briefing analysis – Spring Meetings 2022
The G20 released a press briefing focused on the effects of Russia's war in Ukraine and the increasing need for multilateralism amidst walkouts, rising debt levels around the world, a new World Bank pandemic preparedness model, and the approval of RST and other sustainable finance models.
