Morocco's $1.32 billion Resilience and Sustainability Trust loan comes with 'green conditions' which may facilitate neocolonial resource-grabbing and a European-led rush for ‘green’ hydrogen.
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Morocco
IFI governance
Analysis
Marrakech Annual Meetings Wrap-up 2023: Bretton Woods Institutions wilt in the desert, as ‘pragmatism’ fails to resolve urgent crises
Incremental changes paper over deficiencies of status quo, as civil society calls for the radical change required to meet the moment.
IFI governance
Analysis
G20 communiqué analysis Annual Meetings 2023: Nothing new under the sun
The Group of 20 (G20) communiqué was published on 13 October. It focused on the consequences of the evolving debt situation, reaffirmed support for the much-criticised Common Framework and was silent on debt relief. The section on MDB reform meanwhile stressed ‘bigger’ rather than ‘better’ banks.
IFI governance
Analysis
IMFC chair’s statement analysis Annual Meetings 2023: Fine words but little of substance as critical decisions kicked down the road
Divisions once again prevented the IMFC from issuing a communiqué. The chair issued a statement that promised much but delivered little, supporting a third Sub-Saharan African chair on the IMF’s executive board, but kicking key reforms like quota realignment and a discussion on surcharges down the road.
Rights
Commentary
Civil society calls on World Bank and IMF to safeguard civic space and prevent retaliation around Marrakesh Annual Meetings
To prevent repression and retaliation at their Annual Meetings in Marrakesh, World Bank and IMF must work proactively with MENA civil society and Moroccan authorities on safeguarding civic space and upholding free speech.
IFI governance
Analysis
Great Expectations a year on: IMF moving the needle on inequality but not yet the gear
One year after Oxfam study, IMF making progress on inequality agenda but still needs a fundamental shift
Private Sector
Analysis
How the Bank’s push for microcredit failed the poor
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
Rights
News
IMF and World Bank labour policies criticised by UN expert
The UN expert on foreign debt has published a report critical of IMF and World Bank policies related to labour rights, claiming that the evidence does not support their pproach.
Other news
IFI governance
News
Marrakech CSO working group launches statement ahead of 2023 Annual Meetings
Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.
IFI governance
News
World Bank and IMF delay Morocco’s hosting of Annual Meetings until October 2022
Marrakesh was due to host 2021 meetings prior to announcement.
Finance
Background
Taxes, Taxes, Taxes: Shifting the IFI Narrative to Progressive Gender-just Taxation
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.
Social services
News
World Bank: education is a "private good"
A World Bank blog about the benefits of private schooling has been contravened by a UN committee and heavily criticised by civil society
Conditionality
News
New BWP report on the IMF in MENA region
BWP report finds few signs of IMF policy-change in the MENA region post 2011.
Conditionality
Background
IMF recommendations to Arab countries in transition: Challenges & prospects
Sponsors: Arab NGO Network for Development (ANND); Bretton Woods Project; Middle East Task Force of…
IFI governance
News
IMF facilities review exposes image problem
The IMF facilities review reveals a lack of demand for post 2008 financial crisis lending instruments.
IFI governance
Background
Subsidy reform in Arab countries: Reflection on IMF recommendations
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
