Finance

cover illustration of the Observer Summer 2024

Finance

Analysis

IMF board’s reluctance leaves Special Drawing Rights as an underused tool in Fund's toolbox

IMF board's lukewarm endorsement of SDR rechanneling through MDBs stands in stark contrast to continued calls from Global South governments for additional SDR allocations, amid growing debt crisis.

3 July 2024

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.

3 July 2024 | Guest comment
Civil society member holding a sign: Stop IMF Surcharges

Finance

Analysis

No false solutions: IMF surcharges must go

The IMF’s surcharges review presents a golden opportunity to eliminate these harmful and counterproductive fees.

3 July 2024 | Guest analysis

Finance

News

'Worst ever’ debt crisis puts IDA’s financial model at risk, underscoring need for ambitious donor contributions to IDA21 replenishment

The unfolding debt crisis threatens IDA’s support for 75 low-income countries, without replenishment of grant resources.

3 July 2024

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.

3 July 2024
Flags at the 2023 World Bank Annual Meetings, Marrakech, Morocco. Credit: World Bank / Franz Mahr

IFI governance

Analysis

A way out for IMF reform

New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.

3 June 2024 | Briefings

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

IFI governance

Analysis

Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains

Urgent BWIs reforms remain hostage to lack of political will in Global North as the G20 failed to deliver on important issues within a fragmented geopolitical situation.

24 April 2024

IFI governance

Background

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?"

17 April 2024 | Minutes

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