Ethiopia becomes the latest victim of the dysfunctional Common Framework, as private lenders continue to hold out on its debt restructuring with significant human rights, social and economic consequences.
Private Sector
Finance
Analysis
Civil society calls for FfD4 in Seville to revive Monterrey Consensus
Private Sector
Commentary
World Bank’s new Business-Ready (B-Ready) index offers new measures but reductionist approach, ultimately rewarding countries driving down labour rights in favour of business.
Private Sector
Commentary
The B-Ready index: the World Bank’s bluewashing of labour rights
IFI governance
Analysis
The 2024 World Bank and IMF Annual Meetings, taking place in the context of the institutions’ 80th anniversary, offered little substantive reform despite multiple ongoing organisational processes and reviews.
IFI governance
Analysis
Wrap-up Annuals 2024: BWIs' reforms lack evidence and engagement with UN processes
IFI governance
Analysis
Development Committee chair’s statement analysis Annual Meetings 2024: compounding crises expose the World Bank’s role in structural failures but limit scope for reform
Despite Development Committee’s call for increased development impact amidst compounding crises, persistent geopolitical fragmentation constrains the critical reforms needed to address structural failures.
Environment
News
Jamaica’s World Bank-brokered catastrophe bond fails to pay despite devastation of Hurricane Beryl
Bond's 'parametric criteria' were not triggered by powerful storm, despite the entire island being declared a disaster zone.
Land
News
World Bank agricultural reform programme facilitates exploitation of Zambian farmers
New seed law will benefit agribusiness but infringe on farmers’ rights to share and reuse their own seeds, which will undermine food security in a country where smallholder farmers grow most of the country’s staple food.
Private Sector
News
Webinar - Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations
On 11 April 2024 the Bretton Woods Project hosted a webinar to present its new report Financialisation, human rights and the Bretton Woods Institutions: An introduction for civil society organisations, followed by a discussion with CSOs and academics
Infrastructure
News
Indonesia JETP's promotion of renewable energy privatisation opposed by unions and civil society
Indonesia’s Just Energy Transition Partnership bears the clear handprint of the World Bank’s private-sector led approach to power sectors in the Global South, creating opposition from unions and civil society.
Private Sector
Analysis
Financialisation and human rights in the Middle East and North Africa
This briefing explains how the IMF and World Bank have driven the financialisation of MENA states, and the pervasive negative effects this has had on the region’s societies and economies.
Finance
Analysis
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.
Other news
Rights
News
Communities demand justice as IFC fails to address coal financing fallout
IFC faces backlash for failing to address social and environmental harms from its financing of coal plants in the Philippines, despite proven health and environmental violations.
IFI governance
Background
Agriculture, financialization, and gender: Exploring the World Bank’s response to interlinked phenomena
Notes from the Civil Society Policy Forum on 17 April 2024 titled "Agriculture, financialization, and gender: Exploring the World Bank’s response to interlinked phenomena"
Private Sector
News
World Bank embarks on pilot phase of Business Ready Project, disregarding civil society concerns
B-READY pilot 1 covering 51 countries is released, ignoring CSO concerns about the project’s flawed “private-sector first” agenda.
Social services
News
The World Bank's water privatisation agenda neglects fundamental human rights
World Bank's water privatisation agenda directly clashes with its poverty alleviation goals, disregarding water as a basic human right.
Private Sector
News
B-Ready for more ill-founded private-sector solutions
The World Bank released a concept note of Doing Business report replacement, B-Ready project, ignoring civil society demands of an independent evaluation.
Infrastructure
News
MIGA’s support for gas projects raises concerns about its climate credentials
World Bank’s commercial insurance arm provided nearly $850 million in guarantees for gas projects in Bangladesh and Mozambique in fiscal year 2022.
Land
News
Corporations are expanding control over Ukraine’s land with help from the IMF and the World Bank
New report from the Oakland Institute exposes the stealth take-over of Ukrainian agricultural land known as the “breadbasket of Europe”.
Social services
News
World Bank’s IFC ends funding for fee-paying primary and secondary schools
Independent Evaluation Group report highlighted private sector education provision can exacerbate inequality and undermine the public sector school system.