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Finance

IFI governance

Analysis

G20 press conference analysis Spring Meetings 2024: Concrete actions fail to materialise despite strong Brazilian push

In the absence of a G20 Communiqué or Chair statement, Brazilian minister of finance, head of the central bank and other senior officials took questions at a short press conference, with discussion focused on the impact of continued restrictive US monetary policy on the global debt and development finance and the need for more responsive and better capitalised MDBs.

24 April 2024
Protester holding a banner with the message System change, not climate change

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.

9 April 2024 | Inside the institutions

Private Sector

News

Webinar - Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations

On 11 April 2024 the Bretton Woods Project hosted a webinar to present its new report Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations, followed by a discussion with CSOs and academics

12 April 2024 | Events

IFI governance

News

Civil society calls for an end to the 'gentleman's agreement' and a merit-based, open and transparent MD selection process

Civil society calls for the IMF to ensure the next MD selection process is undertaken in accordance with a merit-based, open and transparent process, underpinned by criteria involving a demonstrated commitment to international human rights, feminist principles, green and equitable development, as well as  publicly available shareholder votes.

26 March 2024 | Letters

Finance

News

Sri Lanka’s continued debt crisis highlights urgent need for wider reform

Sri Lanka’s inability to avoid its 17th IMF programme, and its catastrophic human rights consequences, adds to evidence of IMF and international system's failure to adequately respond to the worsening debt crisis and urgent need for debt cancellation and systemic reform.

9 April 2024

Land

News

World Bank land tenure approach contributes to displacement and food insecurity

The World Bank’s efforts to increase security of land tenure have largely amounted to a ‘formalisation’ of land property rights, which reinforce land inequalities and the disenfranchisement of rural peoples.

9 April 2024

IFI governance

News

Civil society calls for a meaningful Quota Reform that accurately reflects the changes in the global economy to ensure a fair representation of all member countries

Civil society calls upon the IMF to implement a meaningful quota reform by June 2025 and prioritise realignment of shares to reflect more accurately the changes in the global economy and address representation issues

18 December 2023 | Letters

Finance

News

New data show Global South is in worst debt crisis ever, with another lost decade looming

Civil society alliances call to prioritise sustainability of life over debt, while IMF continues to insist situation is not "systemic", in contrast to what the UN Secretary General has called a "systemic failure".

13 December 2023

Other news

IFI governance

Background

17 April 2024 | Minutes

The future of Special Drawing Rights as a development finance tool: What's next?

Notes from the Civil Society Policy Forum session on 17 April 2024, titled "The Future of Special Drawing Rights as a Development Finance Tool: What's Next?"

Private Sector

News

9 April 2024

World Bank embarks on pilot phase of Business Ready Project, disregarding civil society concerns

B-READY pilot 1 covering 51 countries is released, ignoring CSO concerns about the project’s flawed “private-sector first” agenda.

Finance

News

13 December 2023

Significant IDA21 replenishment required as need for concessional finance grows

Rich countries need to agree to an ambitious IDA21 replenishment to address compounding economic and liquidity crises, causing high levels of debt distress in low-income countries.

Finance

News

13 December 2023

Civil society urges governments to agree on a UN tax body as a high priority

African Group’s proposal for a UN Tax Convention moves forward as CSOs keep pressure on rich countries not to block it.

Finance

News

13 December 2023

New book addresses shortcomings of traditional approaches to debt and economics 

New book details the gendered effects of austerity and argues that the human rights of people living in debt-distressed countries must take precedence over creditors’ financial interests.

Finance

News

4 October 2023

Biden administration signals additional funding for World Bank and IMF

New financing for the IMF and World Bank proposed by the US will not fix the flawed private sector development paradigm that burdens Global South economies with debt.

Finance

News

4 October 2023

IMF acknowledges capital controls have helped Argentine economy

IMF research acknowledges measures to restrict capital outflows introduced in 2019 contributed to Argentina meeting the performance criteria for the Fund’s Extended Fund Facility.

Finance

News

19 July 2023

African finance ministers join growing calls for more equitable SDR allocations

New calls for SDR reform reveal acute need of financing for low- and middle-income countries to achieve the Sustainable Development Goals.