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Private Sector

Ethiopia Minister of Finance at the Horn of Africa Initiative Ministerial meeting, Brussels December 2023. Photo: Christophe Licoppe/ European Union/Wikimedia

Finance

News

Private lenders’ resistance to Ethiopia's debt relief highlights urgent need for debt architecture reform

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.

15 April 2025
October 25, 2024 - Washington, D.C. | Participants of the 2024 IMF/World Bank Group Annual Meetings’ Development Committee: Mohamed bin Hadi Al Hussaini, Ajay Banga, Kristalina Georgieva, and Mercy Tembon. Photo: Simone McCourtie / World Bank (via Flickr).

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.

29 October 2024

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.

16 October 2024

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.

3 July 2024

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

12 April 2024 | Events

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.

9 April 2024
Anti IMF loan protest in downtown, Cairo, 2012. Credit: Gigi Ibrahim / Flickr

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.

27 September 2023 | Briefings

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.

3 July 2023 | Briefings

Other news

Rights

News

15 April 2025

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

17 April 2024 | Minutes

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

9 April 2024

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

9 April 2024

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

19 July 2023

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

5 April 2023

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

5 April 2023

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

21 July 2022

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.