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.
IFI governance
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.
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.
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.
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.
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.
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
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.
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.
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.
