North America

Private Sector

News

IFC ignores concerns about investments in financial intermediaries

IFC disagrees with concerns raised by CAO about its capacity to assess whether its investments through financial intermediaries have a positive development impact.

2 February 2015

Rights

News

UN experts critique World Bank draft safeguards

UN experts have questioned the World Bank’s draft safeguards’ lack of references to human rights, meanwhile the consultation process continues to raise concerns by NGOs.

2 February 2015

IFI governance

Background

The impact of the BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB)

Notes of a meeting on BRICS’ Contingent Reserve Arrangement (CRA) and the New Development Bank (NDB) at the World Bank-IMF annual meetings 2014

11 October 2014

IFI governance

Background

IFC lending through financial intermediaries - a year on from the action plan, what have we learned?

Notes of a meeting on IFC lending through financial intermediaries at the World Bank-IMF annual meetings 2014

9 October 2014

Finance

News

UN backs sovereign debt mechanism

UN votes to adopt developing countries’ resolution on a legal framework for debt resolution, independent of creditors, including the IMF.

29 September 2014

Private Sector

News

Big banks & IMF: No structural reform

The IMF rings more warnings about the costs of having an oversized financial sector, but fails to recommend stronger controls on the banking sector.

20 June 2014

IFI governance

News

Developing countries seek new path for Fund governance reform

2010 agreement to reform IMF voting shares in favour of developing countries flounders as IMF governance reforms blocked by US Congress, again. Developing countries expressed anger and raised concerns about the Fund’s ability to deal credibly and effectively with new and ongoing financial crises.

8 May 2014

Finance

News

Final IDA 17 numbers shrink under scrutiny

The release of the final IDA paper in April confirmed that IDA 17 represents a 7.7 per cent decline in IDA resources. The replenishment saw a loan of $1 billion from China and less generous lending terms for IDA borrowers.

8 May 2014

Finance

Background

Financial tremors in developing countries: is another earthquake on the way?

Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…

11 April 2014

IFI governance

News

US Congressional legislation threatens IMF and World Bank plans

US legislature’s spending bill blocks IMF governance reform, insists the World Bank pay reparations to communities that suffer human rights abuses, and bans US support for large dams or extractive projects in tropical forests.

23 January 2014

Finance

News

IDA 17 record size, but down in real terms

The World Bank’s December 2013 claim of a record IDA replenishment was undermined by lumping donor loans in with grants and a decline in real terms, while India secured transitional support.

23 January 2014

IFI governance

News

Gonzalo Castro de la Mata appointed new Inspection Panel member

Gonzalo Castro de la Mata was appointed as a new member of the World Bank's Inspection Panel in December 2013.

23 January 2014