The Mozambican Debt Group (MDG) has protested against the one-year moratorium on Mozambican debt service payments granted by the World Bank in response to the devastation caused by the worst floods experienced by the country, and against the Bank providing loans to support emergency efforts.
Finance
Finance
News
IMF changes its tune on capital controls
A new report from the IMF, Country Experiences with the Use and Liberalization of Capital Controls, reviews experience with the use of capital controls in 14 countries and provides detailed studies of the experience of the use of controls in Chile, India and Malaysia.
Finance
News
Controlling capital flows
A new report by UNCTAD, Capital Flows to Developing Countries and the Reform of the International Financial System, concludes that until ways can be found at the international level to limit financial instability then developing countries should maintain national control over capital flows.
Finance
News
Global Gamblers
A new report from War on Want, The Global Gamblers, British Banks and the Foreign Exchange Game, finds that banks profit substantially from trading foreign currency during periods of financial instability.
Conditionality
News
UK ED quizzed on UK role in Bank and Fund
In October UK Executive Director Stephen Pickford was called before the Treasury and International Development Select Committees for questioning by MPs.
Conditionality
News
Southern organisations demand end to adjustment
Organizations and activists in more than 20 Southern countries have launched a campaign against the destructive lending policies of the World Bank.
Finance
News
Jubilee South summit
Jubilee 2000 representatives held a South-South Summit in South Africa in late November.
Conditionality
News
IMF takes on poverty mandate
Important changes to the IMF’s remit in the poorest countries were announced at the IMF-WB Annual Meetings in September.
Finance
News
Capital punishment
A new report from UK NGO CAFOD criticises the IMF response to the financial crisis as “inadequate and at times harmful to the interests of the poor” and urges “deep reforms”.
Finance
News
Ecological debt outweighs financial debt
The view that poor countries owe the rich millions of dollars in loan repayments is challenged by a Christian Aid report.
Featured briefings
19 July 2023
The Bretton Woods Observer: Summer 2023
3 July 2023
Civil Society calls for rethink of World Bank’s ‘evolution roadmap’ as part of wider reforms to highly unequal global financial architecture
Joint civil society briefing paper highlights concerns with the World Bank’s Evolution Roadmap, and provides a series of recommendations for a Roadmap that prioritises people, participation and the planet over profit and economic growth.
6 April 2023