The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.
Conditionality
Finance
News
IMF's continued VAT push inconsistent with rhetoric on progressive taxes
As the IMF celebrates the rise of VAT, women and those least able to pay are left behind in worsening inequality crisis.
Conditionality
News
Pakistan resists IMF measures that could “push more people into poverty”
IMF programme would result in increased electricity prices and regressive consumer tax hikes amid rising cost of living.
Conditionality
News
World Bank power sector loan in Nigeria raises energy costs as economic crisis bites
As Nigeria enters a deepening economic recession, a $750 million World Bank programme for results (P4R) loan has resulted in increased electricity tariff rates for most Nigerians.
IFI governance
Analysis
Development Committee communiqué analysis – Annual Meetings 2020
Analysis of the Development Committee communiqué published on 16 October from the 2020 World Bank and IMF virtual Annual Meetings.
Rights
Analysis
Repairing harm caused: What could a reparations approach mean for the IMF and World Bank?
It is time for the IMF and World Bank to understand their own responsibility and decolonise their approach.
Conditionality
Commentary
An IMF bailout for Lebanon can make things worse
Amidst multiple financial and economic crises, a classic IMF intervention in Lebanon could exacerbate inequalities and social tensions.
Conditionality
News
Civil society raises alarm about IMF’s continued backing of austerity amidst pandemic
Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.
Conditionality
Background
Fiscal space for universal health and social protection post Covid-19 pandemic: How to prevent austerity
Notes from the Civil Society Policy Forum Session on 2 October.
Finance
Analysis
World Bank’s rating obsession will negate debt justice
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
