Despite past acknowledgments of flawed policies, austerity-driven programmes continue to deepen economic hardship, entrench inequality, and prioritise creditors over sustainable development.
Conditionality
Conditionality
Analysis
Who’s afraid of the grassroots? IMF policymaking in the era of social discontent
IMF proposes a grassroots communication strategy to convince the public of the need for further austerity measures as publications reveal fear that social unrest will make reforms ‘unimplementable’.
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.
Conditionality
Commentary
Economics is political: the IMF’s programme in Egypt can’t succeed without reforming both
More debt without tackling the political sources of Egypt’s economic problems means a deepening of the crisis.
Finance
News
Pakistan’s debt crisis fuelled by more IMF loans
Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.
Land
News
World Bank agricultural reform programme facilitates exploitation of Zambian farmers
New seed law will benefit agribusiness but infringe on farmers’ rights to share and reuse their own seeds, which will undermine food security in a country where smallholder farmers grow most of the country’s staple food.
Environment
Background
The World Bank and climate finance: Success story or a new era of green ‘structural adjustment’?
This Inside the Institutions analyses the World Bank's climate finance, examining its impact on low- and middle-income countries' climate objectives.
Environment
Analysis
Gambling with the planet’s future? World Bank Development Policy Finance, ‘green’ conditionality, and the push for a private-led energy transition
BWP's review of energy sector conditionality in World Bank Development Policy Financing from fiscal years 2018 to 2023 reveals the Bank has followed a pattern of promoting neoliberal reforms in many countries' energy sectors, with climate action increasingly being viewed as the rationale for these changes.
Social services
News
The World Bank's water privatisation agenda neglects fundamental human rights
World Bank's water privatisation agenda directly clashes with its poverty alleviation goals, disregarding water as a basic human right.
Conditionality
Analysis
World Bank and IMF promoting private finance and fiscal consolidation despite mounting evidence of harmful impacts
Civil society research documents clear harms from privatisation and fiscal consolidation on public services and human rights, as Bank and Fund push for their deepening.
