The South African G20 Presidency failed to issue a communiqué and opted not to issue a Chair’s statement at the IMF and World Bank Spring Meetings as the US administration’s explicit hostility to multilateralism significantly decreases the potential for consensus across all multilateral fora.
Faced with deafening silence from Bank and Fund leadership on climate issues at the Spring Meetings, climate vulnerable countries demand urgent changes to global financial architecture.
Bloomberg investigation adds further evidence of negative consequences for people and governments of IFC’s for-profit healthcare model.
Ethiopia becomes the latest victim of the dysfunctional Common Framework, as private lenders continue to hold out on its debt restructuring with significant human rights, social and economic consequences.
UN Human Rights Council’s Seventh Intersessional Meeting calls for states to use FfD4 to agree reforms that enable states to deliver on their human rights obligations.
Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.
Bank's focus on attracting private investment through energy privatisation raises concerns, as it puts private profits over sustainable energy systems, burdening governments with debt and making electricity less affordable for citizens.
At the 25th anniversary of the Group’s Finance Track, the G20 communiqué’s robust language on the taxation of billionaires, including encouraging “constructive discussions” about the UN Tax Conference was contrasted by much more cautious language on MDB reform, climate finance, debt and Special Drawing Rights.
World Bank confirms cancellation of controversial tourism project in Tanzania, after over 2 years of civil society campaigning.
Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power.
Explicit mention of human rights obligations has long been a taboo subject at the World Bank.
New report by Oakland Institute shows World Bank failing to uphold human rights standards resulting in violent assaults and evictions of Tanzanian pastoralists.
Notes from Civil Society Policy Forum panel 19 April titled, "Beyond size in IDA21 replenishment: What about socio-economic transformation?"
Notes from the Civil Society Policy Forum on 17 April 2024 titled "Agriculture, financialization, and gender: Exploring the World Bank’s response to interlinked phenomena"
Notes from the Civil Society Policy Forum session on 17 April 2024, titled "The Future of Special Drawing Rights as a Development Finance Tool: What's Next?"
CSOs and experts question the suitability of ‘green' policy conditions attached to RST loans.
