Bretton Woods Dispatch
World Bank and IMF Annual
Meetings 2021
Featured article
Annual Meetings Wrap-up: despite urgent climate and development needs, geopolitics and deference to private finance rule the day
Doing Business scandal once again highlights that geopolitical wrangling is key driving force behind Bretton Woods Institutions’ governance structure and policy prescriptions.
Development Committee communiqué analysis – Annual Meetings 2021
The Development Committee communiqué was published on 15 October. It acknowledged an uneven and uncertain path to recovery, while it kept silent on the need for a TRIPS waiver of the Covid-19 vaccines and said little about the IMF’s new $650 billion allocation of SDRs.
G20 communiqué analysis – Annual Meetings 2021
G20 offers sanguine tone on the global health and debt crises, failing to address issues related to vaccines and private creditors.
G24 communiqué analysis – Annual Meetings 2021
G24 finance ministers called for urgent measures to arrest the unequal recovery from the Covid-19 pandemic.
IMFC communiqué analysis – Annual Meetings 2021
The communiqué of the IMFC was issued on 14 October. It emphasised an uneven recovery from the Covid-19 crisis and highlighted debt concerns. It also called for progress on IMF quota reform.
Annual Meetings 2021 Preamble: IMF and World Bank face existential questions in midst of global health and climate crises
Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.
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