President Ramaphosa officiate first meeting of G20 Foreign Ministers under South African Presidency. Photo: Government of South Africa/ Flickr

IFI governance

Analysis

G20 press conference and media statement analysis Spring Meetings 2025: lack of Chair's statement yet more evidence of challenges to global consensus

The South African G20 Presidency failed to issue a communiqué and opted not to issue a Chair’s statement at the IMF and World Bank Spring Meetings as the US administration’s explicit hostility to multilateralism significantly decreases the potential for consensus across all multilateral fora.

30 April 2025
Managing Director Kristalina Georgieva addresses delegates of the G-24 Finance Ministers and Central Bank Governors' Meeting during the 2025 Spring Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on April 22, 2025. Photo: Erin Scott

IFI governance

Analysis

G24 communiqué analysis Spring Meetings 2025: failure to tackle structural injustices amid geopolitical turmoil

At this year’s Spring Meetings, the G24 communiqué failed to present strategic solutions for multilateralism’s future, offering no real path to address the multiple crises facing the world.

30 April 2025
Barbados finance minister Ryan Straughn chairs V20's ministerial session on 24 April, during the 2025 World Bank and IMF Spring Meetings in Washington DC. Photo: CVF/V20.

IFI governance

Analysis

V20 communiqué analysis Spring Meetings 2025: amid attacks on climate action, climate vulnerable countries once again highlight urgent need to step back from the brink

Faced with deafening silence from Bank and Fund leadership on climate issues at the Spring Meetings, climate vulnerable countries demand urgent changes to global financial architecture.

30 April 2025
World Bank Group & International Monetary Fund 2023 Spring Meetings Development Committee, Wednesday, April 12, 2023 - Washington DC. Photo: World Bank photo collection/Flickr

IFI governance

Analysis

Development Committee chair’s statement analysis Spring Meetings 2025: holding out on climate, but not without private finance

The Development Committee met on 24 April, with the chair issuing a statement, instead of a communiqué, reflecting the views of the majority of the group and providing clarity on priorities and moments of consensus within the chaos.

30 April 2025
Managing Director Kristalina Georgieva and IMFC Chair and Finance Minister of Saudi Arabia Mohammed Al-Jadaan chat before commencing the IMFC Breakfast during the 2025 Spring Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on April 22, 2025.

IFI governance

Analysis

IMFC chair statement analysis Spring Meetings 2025: IMFC statement reflects IMF’s scramble to reshape the international order in new US administration’s image

IMFC chair’s statement promises private sector-led growth, productivity, and job creation, while ignoring climate action, in an almost word for word copy of US Treasury Secretary’s speech at Spring Meetings.

30 April 2025

IFI governance

Analysis

Spring Meetings 2025 Preamble: geopolitical turmoil further muddies path of BWI reform and multilateral cooperation

As the World Bank and IMF prepare for the 2025 Spring Meetings, the US executive order reviewing its participation in global institutions has heightened long-standing concerns about the direction of the Bretton Woods system – with civil society turning to FfD4 to reimagine the future of multilateralism.

17 April 2025