The IMF’s surcharges review presents a golden opportunity to eliminate these harmful and counterproductive fees.
View all articles
View all articles
View all articles
South Asia
Finance
News
Pakistan’s debt crisis fuelled by more IMF loans
Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.
Private Sector
Background
What is the International Finance Corporation (IFC)?
This Inside the Institutions explores the International Finance Corporation (IFC), the World Bank Group’s private sector arm. It examines the function of the IFC as a development institution focused solely on private sector solutions to development and considers civil society critiques.
IFI governance
Analysis
V20 communiqué analysis Spring Meetings 2024: Climate vulnerable countries issue call to action, as net-negative flows result in ‘millions in, billions out’ amid growing debt burdens
V20 members are expected to pay $904.7 billion in debt service between 2022-2030, as debt, lack of financing and low projected growth hampers prospects for green economic transformation.
Finance
News
Sri Lanka’s continued debt crisis highlights urgent need for wider reform
Sri Lanka’s inability to avoid its 17th IMF programme, and its catastrophic human rights consequences, adds to evidence of IMF and international system's failure to adequately respond to the worsening debt crisis and urgent need for debt cancellation and systemic reform.
Accountability
News
Another day, another IFC scandal
A Telegraph exposé unveils how a private hospital group in India which received £120 million in IFC investment since 2005 was running an illegal organ trading scheme, adding to a growing number of IFC-funded scandals.
Environment
Analysis
Gambling with the planet’s future? World Bank Development Policy Finance, ‘green’ conditionality, and the push for a private-led energy transition
BWP's review of energy sector conditionality in World Bank Development Policy Financing from fiscal years 2018 to 2023 reveals the Bank has followed a pattern of promoting neoliberal reforms in many countries' energy sectors, with climate action increasingly being viewed as the rationale for these changes.
Environment
News
World Bank’s reliance on private capital to finance green transition in low- and middle-income countries risks falling flat
Despite lofty rhetoric, Bank’s attempts to use scarce concessional finance to build investable project pipelines to secure power sector decarbonisation faces significant hurdles.
Other news
IFI governance
Background
The polycrisis: How unchecked public debt fuels corruption and bad governance
Notes from the Civil Society Policy Forum on 18 April titled "The polycrisis: How unchecked public debt fuels corruption and bad governance."
IFI governance
Background
When exits and accountability collide: What happens when IFC exits projects mid-accountability process?
Notes from Civil Society Policy Forum on Thursday, 18 April titled, "When exits & accountability collide: What happens when IFC exits projects mid-accountability process?"
Social services
News
Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favour of ineffective targeting schemes
Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favor of ineffective targeting schemes.
Private Sector
News
B-Ready for more ill-founded private-sector solutions
The World Bank released a concept note of Doing Business report replacement, B-Ready project, ignoring civil society demands of an independent evaluation.
IFI governance
Background
IMF strategy on social spending: New direction or band-aid?
Notes from Civil Society Policy From event from April 12 2023, titled "IMF strategy on social spending: New direction or Band-Aid?"
IFI governance
Background
Coup d'états and political instability: The roles of national, regional, and international actors
Notes from a Civil Society Policy Forum on 12 October titled: "Coup d'états and political instability: The roles of national, regional, and international actors."
Infrastructure
News
MIGA’s support for gas projects raises concerns about its climate credentials
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
IFI governance
Background
Green and just? Climate in IMF surveillance & lending – evidence from Pakistan, Argentina, South Africa, Indonesia
Notes from a Civil Society Policy Forum on 11 October titled, "Green and just? Climate in IMF surveillance & lending – evidence from Pakistan, Argentina, South Africa, Indonesia."
