In early July, thousands of protesters took to the streets in the Ukrainian capital Kiev to try to block pension reforms promised as part of the country's IMF loan.
As agricultural market continue to experience increasing volatility, and record food prices intensify global hunger and poverty, the World Bank's approach to the crisis, which emphasises the use of commodities markets and corporate agriculture, is found wanting by groups demanding food sovereignty and food security.
The Bank's energy projects in Kosovo and India are being lambasted by critics for threatening livelihoods and the environment.
Since the financial crisis, the IMF's rhetoric has tried to be nuanced about austerity policies and the need to stimulate growth, but critics says its actions risk pushing the world back into recession and hurting workers.
The sovereign debt crisis in the eurozone, where Greece now needs a second round of loans, threatens major economies like Spain and Italy, but IMF-backed lending packages that demand deep austerity with insufficient attention to lenders' responsibilities anger the public.
A critical analysis of the World Bank's new strategy for Africa
Major developing countries have rebuffed the IMF's proposed framework on capital controls, or 'code of conduct' as it has been renamed. The board paper discussed in March drew fire from Brazil and India for being too prescriptive and suggesting that controls should only be used temporarily and as a last resort, but the policy will go ahead despite the acrimony.
The April IMF board approval of its budgets for the 2012 financial year (FY), and indicative budgets for FY2013-14, gave the first public insight into the amount the Fund plans to spend on refurbishing its offices.
In May, three IMF staffers published a working paper with National Bureau of Economic Research,, A Fistful of Dollars: Lobbying and the Financial Crisis, pointing out the role of lobbying by financial firms for lax regulation which directly led to the 2008 subprime crisis.
In early March, the IMF board agreed to the use of new ways of measuring whether a country's foreign exchange reserve were adequate.
The IMF is withholding part of a loan to Pakistan over its failure to raise consumption taxes or decrease spending, but IMF-led reforms fail to address the under-taxation of the country's wealthy elite. The IMF's official approach to tax policy advice, articulated in a March board paper, shows a new appreciation for the distributional effects of taxation, but policy has not translated into practice.
International donors including USAID and UK DFID have halted aid to Afghanistan following the IMF's suspension of funds in February.
At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.
Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.
