IFI governance

Tunisians demonstrate for peace, freedom of speech and for a secular state ahead of elections for a Constituent Assembly on 23 October 2011, following the Tunisian Revolution. Credit: European Parliament

Finance

Analysis

The IMF and World Bank talk good governance, but walk with state- capturers

From South Africa to Tunisia, Libya and Egypt, the Bank and Fund have demonstrated they are not appropriate allies to address the scale of the crisis the world is facing, especially, given their record.

4 October 2023 | At Issue
BRICS leaders’ official photo at the XV BRICS Summit in Johannesburg, South Africa, August 2023.

IFI governance

Analysis

Clock is ticking: Will IMF’s 16th Quota Review mean a further loss of legitimacy for the Fund?

The recent BRICS enlargement creates additional pressure for IMF governance reform.

4 October 2023

Finance

Analysis

Balancing ambitions and bridging divides at multilateral development banks

The success of the World Bank Evolution Roadmap will depend on developed countries' willingness to bridge the gap with developing countries by increasing Global South decision-making power and committing to a capital increase.

4 October 2023
Leaders of the African Union proposed that the International Monetary Fund consider issuing $650 billion in SDRs to combat the climate crisis. Africa Climate Summit 2023, 5 September 2023.

Finance

News

The 2021 SDR allocation was beneficial for the global economy, but was it sufficient to address the scale of the crisis?

IMF’s new report looking at the impact of the $650 billion SDR allocation in 2021 talks about the benefits of the allocation for the global economy but fails to address the scale of the polycrisis.

4 October 2023
Protest at COP27, celebrated in Sharm el-Sheikh, Egypt in November 2022. Credit: Oliver Kornblihtt / Mídia NINJA

Finance

Analysis

Assessing the Bretton Woods Institutions’ legacy

New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.

3 October 2023 | Briefings
Cartoon representing the World Bank choosing the path towards an unsustainable future

IFI governance

Analysis

Civil society calls for World Bank to reroute ‘Evolution Roadmap’ away from Cascade

Civil society questions the proposed expansion of the Cascade approach, which has failed to deliver the ‘trillions’ promised.

19 July 2023

Finance

Analysis

UN Financing for Development: The best chance to democratise global economic governance?

As Bretton Woods Institutions fail to deliver transformative, systematic reform of deeply unequal global architecture, countries should embrace a more democratic space: the United Nations Financing for Development process

19 July 2023 | Guest analysis

Finance

Analysis

World Bank Group Evolution: Technical fixes or urgently needed reform?

World Bank Evolution Roadmap’s proposed superficial technical patches favouring the ‘logic’ of the market will likely fail to deliver the structural changes needed to support borrowing countries amidst global crises.

19 July 2023 | At Issue

Finance

News

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.

19 July 2023

IFI governance

News

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.

19 July 2023