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.
The World Bank’s financial inclusion agenda in time of cost-of-living crisis, austerity and financialisation promotes indebtedness of the poor, especially women.
Spring Meetings conclude with frantic calls for stronger multilateralism, but few advances in key issues such as Covid-19 unequal recovery, debt, inequality and climate crises, while Russia participation prevents G20, G24 and Development Committee from releasing a communique.
Civil society and economists unite in calls for IMF to abolish unethical and harmful surcharges on member countries that undermine financial stability and Covid-19 recovery.
This briefing argues that the Bank’s current framework for analysing the impacts of its macroeconomic policy advice on gender equality are insufficient.
IMF's continued push for central bank independence criticised as undemocratic, unequal and for curtailing countries' capacity to respond to the pandemic.
As the IMF celebrates the rise of VAT, women and those least able to pay are left behind in worsening inequality crisis.
Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.
Notes from the Civil Society Policy Forum panel event on 17 October on the IMF’s approach to gender.
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
Notes of a meeting on sovereign debt restructuring after SCOTUS at the World Bank-IMF annual meetings 2014
Notes of a meeting on comparative analysis of social and environmental safeguards in IFIs at the World Bank-IMF annual meetings 2014
Following its expulsion of the World Bank’s country representative, Ecuador has now thrown the IMF’s resident representative out of the offices of the Central Bank.
Newly elected Ecuadorean president Rafael Correa, announced in January that he would make early repayments of his country’s $33 million debt to the IMF.
Ecuador's new president has claimed he will not back down on oil revenues
Ecuadorean NGO DECOIN has expressed outrage at the findings of a report on a World Bank funded mining project in Ecuador.