Concerns over excessive austerity waved away, despite IEO admission that protection of low-income and vulnerable groups had fallen short.
International
Finance
News
Debt crisis: What next as IMF and G20 initiatives set to expire?
G20 Common Framework left as the only multilateral mechanism for debt suspension, while private sector still refuses to engage.
Social services
News
Global Day of Action against the IMF and World Bank rejects corporate recovery agenda
Civil society day of action rejects corporate agenda and greenwashing in World Bank and IMF Covid-19 recovery.
Finance
News
IMF takes steps to control cryptocurrency policies
Fund warns cryptocurrencies are a threat to global financial stability as El Salvador makes Bitcoin legal tender.
Environment
News
World Bank accused of being ‘ongoing underperformer’ at COP26, as key Bank shareholders commit to fossil-fuel finance phaseout
UN official and civil society criticise World Bank and other MDBs for lack of ambition at COP26.
Gender
Background
Gender Project Officer vacancy (CLOSED)
BWP is looking for a Project Officer to support the Bretton Woods Project team in monitoring the work of the World Bank and IMF, supporting critical civil society communities, and advocating for transformational change.
Finance
News
Civil society frustrated by lack of substantive engagement in IDA20 replenishment process
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
Finance
Background
What are Special Drawing Rights (SDRs)?
This Inside the Institutions looks at the IMF’s Special Drawing Rights, including their history and usage, with a focus on the latest allocation, which accounts for 69 per cent of the SDRs ever disbursed.
Conditionality
News
Will IMF policy advice align with new UNESCO Declaration on education finance?
IMF advice makes it challenging for countries to achieve education finance goals agreed at UN declaration.
Environment
Analysis
IMF surveillance and climate change transition risks
New briefing by ActionAid USA and the Bretton Woods Project highlights research showing that IMF policy advice has undermined a just energy transition since the Paris Agreement was signed.
IFI governance
Analysis
Development Committee communiqué analysis - Annual Meetings 2021
The Development Committee communiqué was published on 15 October. It acknowledged an uneven and uncertain path to recovery, while it kept silent on the need for a TRIPS waiver of the Covid-19 vaccines and said little about the IMF’s new $650 billion allocation of SDRs.
IFI governance
Analysis
Annual Meetings Wrap-up: despite urgent climate and development needs, geopolitics and deference to private finance rule the day
Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
