Kenyans take to the streets as IMF-imposed regressive tax regime aggravates cost of living crisis and undermines productivity.
Sub-Saharan Africa
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.
Environment
News
MIGA’s new insurance for voluntary carbon offsets risks propping up junk assets, say campaigners
World Bank’s political insurance arm to provide risk cover to existing offsets if they are affected by governments efforts to better regulate problem-plagued offset schemes.
Land
News
Word Bank promotes agricultural corporations at cost of food security in Africa
New CAFOD report exposes World Bank’s harmful approach to agriculture increases food insecurity in Africa.
Finance
Analysis
Assessing the Bretton Woods Institutions’ legacy
New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.
Finance
Commentary
Financial liberalisation, capital controls and development in Africa: The case of Uganda
Financial liberation has had a significant effect on Uganda’s economy opening the door for significant foreign ownership while facilitating the ongoing extraction of wealth.
Environment
News
IFC continues extractive investments under cover of biodiversity offsets
World Bank and IFC continue promoting false solutions to climate and environmental emergency, helping extractive companies greenwash their environmental impacts.
IFI governance
Analysis
V20 communiqué analysis Spring Meetings 2023: Climate vulnerable countries call for global financial architecture fit to tackle climate and debt emergencies
V20 called for substantive debt relief and increased concessional financing to help break vicious cycle of debt and Loss and Damage, and spur ‘climate-positive development’.
IFI governance
Background
Navigating Africa’s debt conundrum amid multiple crisis: Looking beyond the G20 Common Framework
Notes from the Civil Society Policy From on 13 April titled "Navigating Africa’s debt conundrum amid multiple crisis: Looking beyond the G20 Common Framework."
IFI governance
Background
Political economic reforms in the extractive sector as a catalyst to sustainable development in Africa
Notes from the CSPF on 12 April titled "Political economic reforms in the extractive sector as a catalyst to sustainable development in Africa."
IFI governance
Background
Financial flows, capital controls, and development impacts in the Global South
Notes from the CSPF on 11 April titled "Financial flows, capital controls, and development impacts in the Global South."
Finance
Analysis
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.
