Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.
As the world struggles with divergent recovery paths from the pandemic, the IMF and World Bank once again failed to take the decisive action required during the Spring Meetings.
Analysis of the IMF and World Bank Development Commitee communiqué published on 9 April from the 2021 World Bank and IMF virtual Spring Meetings.
Analysis of the IMFC communiqué published on 8 April from the 2021 World Bank and IMF virtual Spring Meetings.
Analysis of the G20 communiqué published on 7 April from the 2021 World Bank and IMF virtual Spring Meetings.
Renewed calls for a substantial SDR allocation raise urgency of reforming the inequitable global reserve ‘non-system’.
New common framework for debt relief announced at G20 Leaders’ Summit maintains prominent role of IMF and fails to include World Bank debt relief.
The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.
This session examined the governance and resourcing implications of the IMF's surcharges and investigated whether they are necessary or, as some states claim, discriminatory and at odds with the IMF’s stated objective of assisting member countries to protect the most vulnerable and pursue an inclusive and sustainable recovery.
The session explored ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights (SDRs), such as: the use SDRs, mechanisms for rich countries to channel more SDRs to vulnerable ones and the need and viability of a new allocation..
Civil society voices concern about continued support for fossil gas under the policy.
IFC continues to avoid responsibility for its investments in Tata Mundra coal power plant as US federal court rules that harmful acts took place outside the United States.
World Bank President comes out against temporarily waiving intellectual property rights on Covid-19 vaccines
Notes from the Civil Society Policy Forum session on 1 October.
Fund’s 15th review of quotas delayed as US blocks redistribution of voting rights.
CSOs express concerns at congressional hearing about pending IFC capital increase.