The World Bank’s financial inclusion agenda in time of cost-of-living crisis, austerity and financialisation promotes indebtedness of the poor, especially women.
IMF’s lending into arrears policy can be a way to break out of the debt restructure deadlock and provide the much-needed financing for countries in debt distress.
Non-debt forms of financing essential, as many countries on front line of climate change face ‘polycrisis’ that threatens macroeconomic stability.
Spring Meetings conclude with frantic calls for stronger multilateralism, but few advances in key issues such as Covid-19 unequal recovery, debt, inequality and climate crises, while Russia participation prevents G20, G24 and Development Committee from releasing a communique.
Loan programme in Pakistan undermines country’s plans for low-carbon transition, as tax breaks on renewables and EVs slashed from IMF-mandated mini-budget.
IMF and Pakistan have reached agreement for a further loan disbursement, with Pakistan agreeing to significant cuts.
World Bank Indian education loan causes controversy over private sector provisions.
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
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."
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."
Pakistan increases fuel prices in effort to meet IMF conditions, while cost of importing LNG surges.
IMF programme would result in increased electricity prices and regressive consumer tax hikes amid rising cost of living.
Notes from the Civil Society Policy Forum panel event on 16 October on women's economic inequality and macroeconomic policy.
Notes from the Civil Society Policy Forum panel event on 17 October on the IMF’s approach to gender.
As Pakistan requests an IMF loan amid concerns about its debt sustainability, the IMF response is caught up in China-US tensions.
NGO coalition Our Land Our Business denounced the World Bank’s March conference on land and poverty, condemning the Bank’s role in land grabs.