Conditionality

Commentary

Costa Rica resoundingly rejects IMF’s 'austericidal' recipe

Alternative progressive solutions reached by democratic and inclusive multi-sectoral dialogue.

Finance

News

IMF's continued VAT push inconsistent with rhetoric on progressive taxes

As the IMF celebrates the rise of VAT, women and those least able to pay are left behind in worsening inequality crisis.

Accountability

Analysis

IFC and MIGA must ‘walk the accountability walk’ on the road mapped by independent review

Implementation in full of the independent review of IFC, MIGA and CAO is essential if institutions are to meet persistent accountability and remedy gaps.

Conditionality

News

Civil society raises alarm about IMF’s continued backing of austerity amidst pandemic

Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.

Knowledge

News

As World Bank pauses Doing Business Report, pressure mounts for it to be permanently scrapped

Civil society, trade unions and academics call for permanent end of Doing Business Report as World Bank suspends its publication due to data irregularities.

Gender

Background

Building a feminist recovery for all: Gender transformative policies are more urgent than ever

Notes from the Civil Society Policy Forum session on 1 October.

Finance

Analysis

The IMF and World Bank-led Covid-19 recovery: ‘Building back better’ or locking in broken policies?

Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.

Conditionality

Analysis

The IMF’s role in the devastating impacts of Covid-19 – the case of Ecuador

IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.

Accountability

News

CSOs raise concerns about conflict of interest related to World Bank technical assistance loan in Guyana

Law firm contracted under World Bank technical assistance apparently backs out after CSOs expose links to ExxonMobil.

Rights

News

IFC denies responsibility for community harms following CAO’s Guatemala dam investigation

IFC denies responsibility for harms to the community in dam case despite investigation findings.

Finance

News

Argentina increases offer to bondholders after IMF claims “room for improvement”

Private creditors provided with IMF backing in Argentina negotiations as country enters into default.

Finance

News

Failure to lend to Venezuela and Iran once again raises questions around IMF’s political neutrality

IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.