Bloomberg investigation adds further evidence of negative consequences for people and governments of IFC’s for-profit healthcare model.
Social services
IFI governance
Analysis
Annual Meetings 2024 Wrap-up - Don’t look back: BWIs plough down path of reforms lacking evidence and willingness to engage with broader UN-led reform processes
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.
Accountability
News
IFC ends investment in waste-to-energy incineration projects in Gujarat, India, following civil society campaign
While IFC’s withdrawal is welcome, civil society urges the Bank to stop funding WTE projects and move towards zero-waste solutions instead.
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.
Finance
News
Pakistan’s debt crisis fuelled by more IMF loans
Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.
Environment
News
World Bank's $1 billion loan to South Africa risks undermining just transition by doubling down on 'de-risking' private capital
Despite the Just Energy Transition Partnership's failure to attract private investments in South Africa, the World Bank is doubling down on a private sector led approach to the green transition through $1 billion loan contingent on the separation of Eskom’s activities.
Social services
Analysis
Beyond the World Bank: The fight for universal social protection in the Global South
The World Bank Group promotes a model of social protection via poverty-targeted programmes that are error-strewn and can cause social unease, and set back progress towards universal social protection.
Accountability
News
Another day, another IFC scandal
A Telegraph exposé unveils how a private hospital group in India which received £120 million in IFC investment since 2005 was running an illegal organ trading scheme, adding to a growing number of IFC-funded scandals.
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.
Accountability
Analysis
A proposal for Ajay: No evolution without remedy
While World Bank President declares the benefits of a “bigger and better” Bank, the scandal of alleged child sexual abuse and cover up relating to IFC investments in Bridge Academies demonstrates the urgent need for the Bank to establish a robust remedy framework.
