Finance

IFI governance

Analysis

G20 communiqué analysis Annual Meetings 2024: progress on tax and inequality obscures Group's wider failures

At the 25th anniversary of the Group’s Finance Track, the G20 communiqué’s robust language on the taxation of billionaires, including encouraging “constructive discussions” about the UN Tax Conference was contrasted by much more cautious language on MDB reform, climate finance, debt and Special Drawing Rights.

29 October 2024

IFI governance

Analysis

IMFC chair’s statement analysis Annual Meetings 2024: a fiscal consolidation “pivot” as IMF struggles to get its house in order

Chair’s statement calls for a ‘pivot’ to fiscal consolidation and announces possible approaches to guide further quota realignment by June 2025. In contrast, China’s statement calls for work to begin on alignment even without resolution of 16th quota review.

29 October 2024
World Bank cartoon lost in the middle of a forest

IFI governance

Analysis

New World Bank Corporate Scorecard: overlooking client priorities and ignoring development impact

The World Bank’s new Corporate Scorecard misses the forest for the trees as it lacks an indicator to measure the Bank’s contribution to economic transformation, a cornerstone of its development mandate.

16 October 2024

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.

16 October 2024 | Guest analysis
President of the Republic, Luiz Inácio Lula da Silva, during the opening of the Joint Session of the G20 Sherpa and Finance Trails, at the Itamaraty Palace. Brasília - DF.

Finance

Analysis

The lost call for international financial architecture reform in the G20

At the 80th anniversary of the World Bank and IMF, global civil society must maintain pressure on the Brazilian and South African G20 presidencies to ensure the forth Financing for Development Conference in 2025 results in urgently required international financial architecture reform.

16 October 2024 | At Issue

Finance

Analysis

Sustainable development requires sustainable finance: why local currency financing is part of the solution

Multilateral development banks can reduce their dependence on hard currency lending and make local currency financing a central element of their developmental mandate.

16 October 2024 | At Issue

Finance

Background

What is the World Bank & IMF debt sustainability framework for low-income countries?

This Inside the Institutions examines the joint World Bank and IMF Debt Sustainability Framework (DSF) for low-income countries (LICs) and evaluates its impact on LICs’ ability to maintain fiscal space for development and climate goals.

16 October 2024 | Inside the institutions

Finance

News

Project 2025 takes on the World Bank and IMF – harbinger of an uncertain new era of geopolitics?

US conservative blueprint for second Trump term calls for US to withdraw from World Bank and IMF, amid continued geopolitical tensions and unresolved debt crisis in Global South.

16 October 2024

Finance

News

High stakes for December’s IDA21 pledging meeting

The replenishment process for IDA21 concludes in early December, amid hopes of a record replenishment and concerns over the global debt crisis.

16 October 2024

Finance

News

IMF surcharges review: tinkering at the margins as crises deepen?

IMF’s surcharges review is resorting to incremental changes by reviewing the level and time base of penalty charges, instead of achieving meaningful reform

16 October 2024