Bloomberg investigation adds further evidence of negative consequences for people and governments of IFC’s for-profit healthcare model.
Kenya
Conditionality
Analysis
Kenya's growing youth movement for fiscal justice rejects IMF-mandated austerity
Youth-led led protests lead to withdrawal of controversial finance bill by President William Ruto.
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
Background
Agriculture, financialization, and gender: Exploring the World Bank’s response to interlinked phenomena
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"
Accountability
Analysis
A proposal for Ajay: No evolution without remedy
While World Bank President declares the benefits of a “bigger and better” Bank, the scandal of alleged child sexual abuse and cover up relating to IFC investments in Bridge Academies demonstrates the urgent need for the Bank to establish a robust remedy framework.
Finance
News
The IMF in Kenya: Regressive taxation as the new face of austerity
Kenyans take to the streets as IMF-imposed regressive tax regime aggravates cost of living crisis and undermines productivity.
Accountability
News
Demanding accountability: Response to reports of a child sexual abuse cover up at the World Bank
A joint statement from 34 global civil society organizations regarding the extremely disturbing reports of a child sexual abuse cover-up by World Bank Group officials in connection with IFC's investment in Bridge International Academies in Kenya.
Social services
News
Civil society hails IFC’s divestment from for-profit education provider Bridge International Academies
The divestment follows a 2020 freeze in new IFC direct and indirect investments in for-profit education providers.
Finance
Analysis
Against regressive taxes and austerity: IMF and World Bank must pivot tax policies to support a just and green transition
This year, 85 per cent of the world’s population lives under austerity measures, while multinational enterprises and the wealthy have benefited from privileged tax structures and regressivity, allowing inequality to widen.
IFI governance
Background
Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023
Notes from a Civil Society Policy Forum event on 14 October titled "Greening whole economies? Unpacking World Bank plans for Paris alignment by July 2023."
Finance
Analysis
Learning lessons from the Covid-19 pandemic: The World Bank’s macroeconomic policies and women’s rights
This briefing argues that the Bank’s current framework for analysing the impacts of its macroeconomic policy advice on gender equality are insufficient.
Rights
News
IFC faces critical questions over investments in gig economy
IFC’s investments in gig economy platform companies come under scrutiny
