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.
South Africa
Environment
News
World Bank's $1 billion loan to South Africa risks undermining just transition by doubling down on 'de-risking' private capital
Despite the Just Energy Transition Partnership's failure to attract private investments in South Africa, the World Bank is doubling down on a private sector led approach to the green transition through $1 billion loan contingent on the separation of Eskom’s activities.
IFI governance
Analysis
G20 press conference analysis Spring Meetings 2024: Concrete actions fail to materialise despite strong Brazilian push
In the absence of a G20 Communiqué or Chair statement, Brazilian minister of finance, head of the central bank and other senior officials took questions at a short press conference, with discussion focused on the impact of continued restrictive US monetary policy on the global debt and development finance and the need for more responsive and better capitalised MDBs.
IFI governance
Background
Transformative policy pathways: Lessons from feminist economics programming for the IMF
Notes from the Civil Society Policy Forum on 10 October 2023 titled "Transformative policy pathways: Lessons from feminist economics programming for the IMF."
Private Sector
News
World Bank’s financial inclusion agenda blind to growing gendered over-indebtedness
The World Bank’s financial inclusion agenda in time of cost-of-living crisis, austerity and financialisation promotes indebtedness of the poor, especially women.
Infrastructure
Analysis
World Bank and IMF influence casts shadow over South Africa’s Just Energy Transition Partnership
World Bank’s support for fossil fuel projects, including problem-riddled Medupi coal power station, leaves its reputation in tatters with South African civil society.
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."
Social services
News
Malpass makes World Bank a pariah with opposition to TRIPS waiver
World Bank President comes out against temporarily waiving intellectual property rights on Covid-19 vaccines
IFI governance
Analysis
IMFC communiqué analysis – Spring Meetings 2021
Analysis of the IMFC communiqué published on 8 April from the 2021 World Bank and IMF virtual Spring Meetings.
Finance
Analysis
G20 communiqué analysis – Spring Meetings 2021
Analysis of the G20 communiqué published on 7 April from the 2021 World Bank and IMF virtual Spring Meetings.
IFI governance
Analysis
G24 communiqué analysis – Spring Meetings 2021
Analysis of the G24 communiqué released on 5 April from the 2021 virtual World Bank and IMF Spring Meetings.
Finance
Background
A People’s Recovery: Ensuring progressive fiscal measures for a feminist and just pandemic recovery
Notes from the Civil Society Policy Forum session on 24 March.