Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
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Latin America & Caribbean
Conditionality
Analysis
The IMF’s role in the devastating impacts of Covid-19 – the case of Ecuador
IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.
Accountability
News
CSOs raise concerns about conflict of interest related to World Bank technical assistance loan in Guyana
Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.
Rights
News
IFC denies responsibility for community harms following CAO’s Guatemala dam investigation
IFC denies responsibility for harms to the community in dam case despite investigation findings.
IFI governance
Analysis
G24 communiqué analysis – Spring Meetings 2020
Analysis of the G24 communiqué released on 14 April.
Private Sector
Analysis
Recipe for disaster: The IMF and World Bank’s role in the financialisation of food and agriculture
World Bank and IMF contribute to financialisation and coorperatisation of agriculture contributing to food insecurity, concentration of power and climate emergency.
Finance
Analysis
Fracking’s false hope: Why fossil fuels won’t help to repay Argentina’s national debt
Argentina’s strategy to increase fossil fuel exports to ease debt burden ignores need for increased state investments and climate commitments.
Conditionality
News
Uprising and discontent: Global protests erupt against IMF-backed policies
From Latin America to North Africa and the Middle East, governments experience backlash against IMF loan programmes and policy recommendations.
Other news
Finance
News
Argentina increases offer to bondholders after IMF claims “room for improvement”
Private creditors provided with IMF backing in Argentina negotiations as country enters into default.
Finance
News
Failure to lend to Venezuela and Iran once again raises questions around IMF’s political neutrality
IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.
Environment
Background
World Bank Group Paris Alignment: Governance & private sector participation in the energy sector
Notes from a Civil Society Policy Forum event on 16 October.
Gender
Background
Cutting to the core: Rethinking the IMF’s way of doing business to tackle gender inequalities
Notes from the Civil Society Policy Forum panel event on 17 October on the IMF’s approach to gender.
Environment
Background
The IMF & climate change: Can the Fund help countries avoid a ‘climate Minsky moment’?
Notes from the Civil Society Policy Forum event on 18 October on the role of the IMF in tackling climate risk.
Gender
Background
Sexual orientation & gender identity – considering risk mitigation within World Bank programming
This Civil Society Policy Forum Session was co-sponsored by the National LGBT Chamber of Commerce,…
Rights
News
IFC announces changes to environmental and social framework after loss of immunity in the US
IFC announces changes to environment and social safeguards after historic United States Supreme Court ruling.
Infrastructure
Background
Sustainable Infrastructure: Aligning with Rights and the SDGs
Notes from the Civil Society Policy Forum event on 10 April, which looked at sustainable infrastructure from fiscal, rights and climate lenses.
