10 April 2017
Bretton Woods Project coverage of the 2017 spring meetings in Washington DC with analysis of the communiqués and notes from key civil society and official meetings.
The World Bank closed a Uganda road project after serious problems were revealed, however, civil society remain concerned that the Bank’s response will not lead to meaningful change.
As the IFC sets out a new strategy, CAO and CSO reports have raised further criticism over its investment in financial intermediaries, and a new law suit challenges its immunity.
As the IFC increases investments in for-profit, commercial education, CSO RESULTS finds this marginalises the poor and calls on the IFC to enhance free public education instead.
The government of Zambia has approached the IMF for financial assistance, however, Zambian civil society is concerned that the required reforms will worsen gender and income inequality.
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.
The UN expert on foreign debt has published a report critical of IMF and World Bank policies related to labour rights, claiming that the evidence does not support their pproach.
CSOs raise concerns about content and consultation process of World Bank World Development Report 2018 on education.
CSOs have refused to participate in a World Bank PPP consultation until transparency and accountability concerns are addressed.
IMF freezes second payment of $2.8 billion loan to Tunisia, demanding accelerated reform programme despite concerns this will push Tunisia “to the brink”.
This Inside the Institutions looks at the funds available to the IMF and the World Bank, including the origins of IBRD and IFC resources and an overview of the most recent changes in the IMF and IDA’s funding streams and mechanisms.
An IMF staff blog has acknowledged weaknesses in IMF’s approach to debt sustainability, meanwhile civil society continues to demand human rights-based approach considering who bears burden of debt repayment.
