International

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.

21 July 2022

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.

21 July 2022

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.

21 July 2022

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.

1 June 2022 | Project news

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.

21 July 2022

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

21 July 2022

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.

18 July 2022 | Inside the institutions

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.

23 June 2022 | Letters

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.

26 April 2022

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.

26 April 2022

IFI governance

Analysis

IMFC chair statement analysis – Spring Meetings 2022

The IMFC issued a chair statement in place of a communiqué. It discussed a long list of challenges with focus on fallout from Ukraine invasion and climate change.

26 April 2022

IFI governance

Analysis

V20 calls for more equitable international financial system to tackle risks posed to climate vulnerable developing countries

The communiqué for the V20 highlighted multitude of crises facing climate-vulnerable developing countries, with continuing challenges posed by the Covid-19 pandemic and unequally felt climate change impacts now being exacerbated by the spillover effects from the Ukraine war.

26 April 2022