Latin America & Caribbean

Environment

News

Civil society raises concerns about Resilience and Sustainability Trust’s green conditionality as Fund conducts interim review

CSOs and experts question the suitability of ‘green' policy conditions attached to RST loans.

9 April 2024

Finance

News

New book addresses shortcomings of traditional approaches to debt and economics 

New book details the gendered effects of austerity and argues that the human rights of people living in debt-distressed countries must take precedence over creditors’ financial interests.

13 December 2023

Environment

Analysis

Gambling with the planet’s future? World Bank Development Policy Finance, ‘green’ conditionality, and the push for a private-led energy transition

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.

9 April 2024 | Reports

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2023: Climate vulnerable countries demand more voice at Bretton Woods Institutions

V20 seeks confirmation of official observer status at the Bretton Woods Institutions by COP28, as IMF quota review fails to give greater voting power to climate vulnerable countries.

18 October 2023

Finance

Analysis

Balancing ambitions and bridging divides at multilateral development banks

The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.

4 October 2023

Environment

News

World Bank’s reliance on private capital to finance green transition in low- and middle-income countries risks falling flat

Despite lofty rhetoric, Bank’s attempts to use scarce concessional finance to build investable project pipelines to secure power sector decarbonisation faces significant hurdles.

4 October 2023

Finance

News

IMF acknowledges capital controls have helped Argentine economy

IMF research acknowledges measures to restrict capital outflows introduced in 2019 contributed to Argentina meeting the performance criteria for the Fund’s Extended Fund Facility.

4 October 2023

Land

News

Honduras threatens ICSID withdrawal over $11 billion ‘neo-colonial’ special economic zone claim

Compensation claim before WorldBank’s ICSID raises questions about the value of special economic zones and fairness of ISDS mechanisms for Global South states.

19 July 2023

IFI governance

Background

Voices of the Global South: Taxation and polycrisis

Notes from Civil Society Policy Forum event on April 14 2023 titled "Voices of the Global South: Taxation and polycrisis"

14 April 2023 | Minutes

Finance

Analysis

Against regressive taxes and austerity: IMF and World Bank must pivot tax policies to support a just and green transition

This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.

5 April 2023 | Guest analysis

Environment

News

Resilience and Sustainability Trust’s first loans promote climate PPPs, raising concerns they may create fiscal risks

Initial financing for Costa Rica, Barbados, Rwanda, Bangladesh and Jamaica tied to efforts to ‘green’ PPP frameworks.

5 April 2023

Private Sector

News

World Bank’s financial inclusion agenda blind to growing gendered over-indebtedness

The World Bank’s financial inclusion agenda in time of cost-of-living crisis, austerity and financialisation promotes indebtedness of the poor, especially women.

5 April 2023