Latin America & Caribbean

IFI governance

Analysis

G20 communiqué analysis Annual Meetings 2024: progress on tax and inequality obscures Group's wider failures

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.

29 October 2024

IFI governance

Analysis

V20 communiqué analysis Annual Meetings 2024: climate vulnerable countries once again demand key changes to IMF’s approach, as world risks breaching climate tipping points

V20 members offered a searing indictment of rich countries’ failure to act on BWIs governance, debt relief, climate finance and SDRs.

29 October 2024
President of the Republic, Luiz Inácio Lula da Silva, during the opening of the Joint Session of the G20 Sherpa and Finance Trails, at the Itamaraty Palace. Brasília - DF.

Finance

Analysis

The lost call for international financial architecture reform in the G20

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.

16 October 2024 | At Issue
Santa Cruz road corridor connector along the Miraflores indigenous community territory, Bolivia. Credit: Fundacion Tierra

Accountability

News

World Bank’s lack of meaningful consultation leaves Chiquitano Indigenous Peoples in Bolivia with no recourse

World Bank fails in its commitment to accountability by disregarding communities’ participation all the way through project design, implementation and resulting remedy plans.

16 October 2024

Environment

News

Jamaica’s World Bank-brokered catastrophe bond fails to pay despite devastation of Hurricane Beryl

Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.

16 October 2024

IFI governance

Analysis

G20 press conference analysis Spring Meetings 2024: Concrete actions fail to materialise despite strong Brazilian push

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.

24 April 2024

Trade

News

Ecuador ratifies 2008 ban on investor-state dispute settlement mechanism

Ecuador referendum reinforces the country’s decision against a mechanism criticised for being asymmetric, unjust and detrimental to citizens’ rights.

3 July 2024

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

IFI governance

Analysis

V20 communiqué analysis Spring Meetings 2024: Climate vulnerable countries issue call to action, as net-negative flows result in ‘millions in, billions out’ amid growing debt burdens

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.

24 April 2024

IFI governance

Background

Agriculture, financialization, and gender: Exploring the World Bank’s response to interlinked phenomena

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"

17 April 2024 | Minutes

IFI governance

Background

The future of Special Drawing Rights as a development finance tool: What's next?

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?"

17 April 2024 | Minutes

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 | Briefings