Amid underwhelming private capital mobilisation, new report underscores poor state of transparency and disclosure of private sector finance by multilateral development banks and development finance institutions.
Despite Development Committee’s call for increased development impact amidst compounding crises, persistent geopolitical fragmentation constrains the critical reforms needed to address structural 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.
G24 calls for robust multilateral response to debt, development and climate crises, arguing the IMF and World Bank must continue reform in order to maintain legitimacy and fulfil their mandate.
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.
V20 members offered a searing indictment of rich countries’ failure to act on BWIs governance, debt relief, climate finance and SDRs.
Unconvincing World Bank Evolution Roadmap reforms and IMF’s struggle to mainstream climate and gender symptomatic of wider malaise.
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.
Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power.
Civil society organisations call for consultation on the design of policies that significantly impact states and citizens.
Notes from the Civil Society Policy Forum on 24 October 2024 titled "Strengthening governance of development policy finance: Improving transparency, accountability, stakeholder engagement, and Paris alignment".
Notes from the Civil Society Policy Forum on 24th October 2024 titled "Arab Voices for Sustainable Development Financing: Rights-Based Approaches to Addressing the Debt Tax-Climate Crises".
Notes from Civil Society Policy Forum on 23 October titled "Evidence based analysis of the implementation of Anti IFFs policies in Africa- Lessons from the policy tracker project".
Notes from a Civil Society Policy Forum SPF on 22 October 22 titled "Taxing the super-rich, a step closer".
Notes from a Civil Society Policy Forum panel on 22 October titled "Problematising the Bank’s Reliance on Financial Inclusion, from the Gender Strategy to the Corporate Scorecard".
IMF’s surcharges review is resorting to incremental changes by reviewing the level and time base of penalty charges, instead of achieving meaningful reform
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.
