Accountability

Analysis

Ending “absolute immunity” for the International Finance Corporation: The legacy of Jam v. IFC

EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future.

21 July 2022 | At Issue

Finance

Analysis

A new Bretton Woods for whom? Civil society calls for democratisation of global governance

As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.

21 July 2022

Accountability

Commentary

The IMF is changing and needs an independent ombudsman

The Fund's expansion of its work into the macro-stability challenges posed by pandemics, climate change, gender discrimination and inequality increases the risks that it may negatively impact communities and individuals.

21 July 2022 | Guest comment

Accountability

Analysis

Why the IFC can’t afford to squander this opportunity to get remedy right

The IFC is the only DFI that has committed to creating a remedy framework. The basic requirements of a rights-based remedy framework are already known.

21 July 2022 | Guest analysis

Environment

News

Resilience and Sustainability Trust: Will “qualifying reforms” bring long-overdue institutional shift?

Problematic track record on climate and fossil fuel finance means IMF-World Bank collaboration on the Resilience and Sustainability Trust risks repetition of failed policies.

21 July 2022

Finance

News

Highly indebted countries face further cuts to public spending to service debts, as IMF austerity bites

Debt Justice's new report highlights urgent need for international debt workout mechanisms, as countries are forced to prioritise debt payments.

21 July 2022

Social services

News

World Bank’s commitment to private sector-led development casts doubt on effectiveness of new Pandemic Preparedness Fund

The World Bank’s proposal to establish a fund for Pandemic Prevention, Preparedness and Response raises questions about the Bank’s support for private sector healthcare at the expense of public provision.

21 July 2022

Social services

News

World Bank's new gender strategy: Concerns about approach to social protection and gender-blind macroeconomic reforms remain

With the World Bank’s current gender strategy set to expire next year, care and social protection emerge as a possible focus, but CSOs remain skeptical that Bank's private sector-led approach will deliver on women's rights.

21 July 2022