President of the Republic, Luiz Inácio Lula da Silva, during the opening of the Joint Session of the G20 Sherpa and Finance Trails, at the Itamaraty Palace. Brasília - DF.

Finance

Analysis

The lost call for international financial architecture reform in the G20

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.

16 October 2024 | At Issue

Finance

Analysis

Sustainable development requires sustainable finance: why local currency financing is part of the solution

Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.

16 October 2024 | At Issue

Private Sector

Commentary

IFC standards review must respond to UN’s call for rights-based transition mineral value chains

Amid escalating transition minerals mining, the expected 2025 review of IFC’s Performance Standards must result in a new approach.

16 October 2024 | Guest comment

Gender

Analysis

World Bank fails to incorporate key elements of new Gender Strategy in IDA21 policy package and Corporate Scorecard

Despite Bank’s new Gender Strategy’s positive offerings on human rights and the value of public services to women and girls, IDA21 replenishment and new Corporate Scorecard see women only as economic opportunity for the private finance push.

16 October 2024

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.

16 October 2024 | Guest analysis
Santa Cruz road corridor connector along the Miraflores indigenous community territory, Bolivia. Credit: Fundacion Tierra

Accountability

News

World Bank’s lack of meaningful consultation leaves Chiquitano Indigenous Peoples in Bolivia with no recourse

World Bank fails in its commitment to accountability by disregarding communities’ participation all the way through project design, implementation and resulting remedy plans.

16 October 2024

Finance

News

Project 2025 takes on the World Bank and IMF – harbinger of an uncertain new era of geopolitics?

US conservative blueprint for second Trump term calls for US to withdraw from World Bank and IMF, amid continued geopolitical tensions and unresolved debt crisis in Global South.

16 October 2024

Environment

News

Jamaica’s World Bank-brokered catastrophe bond fails to pay despite devastation of Hurricane Beryl

Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.

16 October 2024