At the 25th anniversary of the Group’s Finance Track, the G20 communiqué’s robust language on the taxation of billionaires, including encouraging “constructive discussions” about the UN Tax Conference was contrasted by much more cautious language on MDB reform, climate finance, debt and Special Drawing Rights.
V20 members offered a searing indictment of rich countries’ failure to act on BWIs governance, debt relief, climate finance and SDRs.
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
World Bank fails in its commitment to accountability by disregarding communities’ participation all the way through project design, implementation and resulting remedy plans.
Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.
In the absence of a G20 Communiqué or Chair statement, Brazilian minister of finance, head of the central bank and other senior officials took questions at a short press conference, with discussion focused on the impact of continued restrictive US monetary policy on the global debt and development finance and the need for more responsive and better capitalised MDBs.
Ecuador referendum reinforces the country’s decision against a mechanism criticised for being asymmetric, unjust and detrimental to citizens’ rights.
CSOs and experts question the suitability of ‘green' policy conditions attached to RST loans.
V20 members are expected to pay $904.7 billion in debt service between 2022-2030, as debt, lack of financing and low projected growth hampers prospects for green economic transformation.
Notes from the Civil Society Policy Forum on 17 April 2024 titled "Agriculture, financialization, and gender: Exploring the World Bank’s response to interlinked phenomena"
Notes from the Civil Society Policy Forum session on 17 April 2024, titled "The Future of Special Drawing Rights as a Development Finance Tool: What's Next?"
BWP's review of energy sector conditionality in World Bank Development Policy Financing from fiscal years 2018 to 2023 reveals the Bank has followed a pattern of promoting neoliberal reforms in many countries' energy sectors, with climate action increasingly being viewed as the rationale for these changes.
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
