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.
Middle East & North Africa
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
World Bank launches new We-Fi fund for women entrepeneurs, but concerns raised that fund won't reach poorest women.
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.
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.
New IMF loan programme to Jordan agreed with gendered conditions, while civil society express concerns about human rights and impacts on the lives of women.
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.
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.
IMF freezes second payment of $2.8 billion loan to Tunisia, demanding accelerated reform programme despite concerns this will push Tunisia “to the brink”.
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.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.