Latin America & Caribbean

IFI governance

Analysis

Great Expectations a year on: IMF moving the needle on inequality but not yet the gear

One year after Oxfam study, IMF making progress on inequality agenda but still needs a fundamental shift

28 September 2018 | Guest analysis
a group of workers living in a tent in Chaco, Paraguay

Rights

News

World Bank investment in Paraguayan cattle industry linked to human rights violations and environmental harm

Report links IFC to environmental harm and human rights violations resulting from cattle industry expansion in Paraguay.

27 September 2018
Participants at a recent Fight Inequality Alliance event.

Finance

News

Fight Inequality Alliance prepares for Annual Meetings in Bali

Fight Inequality Alliance meets in Brazil to plan action against current shocking levels of inequality and prepare for World Bank and IMF October Annual meetings in Bali, Indonesia.

27 July 2018 | Event
Artwork by Robin Heighway-Bury

Conditionality

Analysis

The political cost of IMF programmes

As Jordan is engulfed in social unrest and political upheaval, questions are raised around the relationship between IMF conditionality and trends in instability.

27 July 2018
A shanty town in Jakarta

Finance

Analysis

The World Bank and the globalisation of housing finance

In prioritising capital market expansion, the needs of the lowest income groups are not being effectively addressed through World Bank interventions.

25 July 2018 | At Issue
An Artic-bound oil rig in Seattle's Elliot Bay in 2015.

Environment

News

World Bank DPL paves way for offshore drilling in Guyana, despite CSO concerns

Bank approves $35 million development policy loan to help Guyana commence offshore drilling, amidst CSO legal challenge to offshore drilling permits

24 July 2018
Argentina President Mauricio Maccri

Conditionality

Analysis

Bad news for Argentina: The cruel IMF is back

As Argentina agrees to a $50 billion IMF loan, the ghost of loans past lingers, as protests erupt and strikes begin.

23 July 2018

Conditionality

Analysis

The impacts of IMF-backed austerity on women’s rights in Brazil

The IMF and World Bank-endorsed 20 year spending freeze in Brazil disproportionately impacts women and other marginalised groups, despite less harmful alternatives being available

29 March 2018 | Guest analysis

Conditionality

Analysis

World Bank report on fiscal adjustment in Brazil: questionable analysis; unfair policies

The World Bank’s report on public spending in Brazil raises serious questions about the methodology used and relevance of the report’s focus on fiscal consolidation in light of its own admission that the deterioration of Brazil’s fiscal situation is due principally to the recession.

27 March 2018 | At Issue
Sunflowers. Photo: Boris Rumenov Balabanov / World Bank

Land

Analysis

The wrongdoings of the Doing Business Rankings and the corporate take-over of agriculture

Civil society urges the World Bank to scrap DBR and EBA, claiming the latter harms small-scale farmers by putting corporate interests first.

14 March 2018 | Guest analysis

Private Sector

Analysis

How the Bank’s push for microcredit failed the poor

Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.

8 December 2017 | At Issue

Rights

News

CAO released damning audit of IFC hydro project in Guatemala

CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.

7 December 2017