Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.
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.
From Latin America to North Africa and the Middle East, governments experience backlash against IMF loan programmes and policy recommendations.
As Jordan is engulfed in social unrest and political upheaval, questions are raised around the relationship between IMF conditionality and trends in instability.
The IMF's recognition of the importance of inequality is under threat. Concerns have been raised about complacency and even the reversal of the IMF's recent progress on inequality, while IMF staff continue to operationalise new policy advice on inequality in surveillance and lending programmes.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.
After 4 years of on-off negotiation and public opposition, the government of Egypt has signed a loan deal with the IMF whose impacts civil society fears will encroach upon human rights, social protection and social provision, like health and education, upon which the poorest depend.
Notes from the Civil Society Policy Forum panel event on 17 October on the IMF’s approach to gender.
Notes from the Civil Society Policy Forum session on 12 April on the changing international tax landscape from a feminist perspective and challenging IFIs’ role in shaping it at the World Bank and IMF's 2019 Spring Meetings.
Notes from the Civil Society Policy Forum Session at the 2017 World Bank and IMF Spring Meetings on IMF and World Bank programmes in the MENA Region.
BWP report finds few signs of IMF policy-change in the MENA region post 2011.
New America Foundation civil society event on subsidy reform in Arab countries, held in the civil society forum of the 2013 IMF/World Bank annual meetings
Minutes of an IMF consultation on fiscal transparency policy
Negotiations on a $4.8 billion IMF loan to Egypt (see Update 83) remain stalled, although Finance Minsiter, Morsy Hegazy reiterated in January that talks are "still ongoing".
Egypt's interim government announced in February that they expect to sign a $3.2 billion loan deal with the IMF and state-media reported that negotiations are underway for a $1 billion loan from the World Bank.