Social services

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.

13 December 2023
IMF Managing Director Kristalina Georgieva participates in the Joint Climate Seminar during the 2023 Annual Meetings of the World Bank Group and International Monetary Fund in Marrakech, Morocco on October 11, 2023. Credit: IMF Photo/Kim Haughton

Conditionality

Analysis

World Bank and IMF promoting private finance and fiscal consolidation despite mounting evidence of harmful impacts

Civil society research documents clear harms from privatisation and fiscal consolidation on public services and human rights, as Bank and Fund push for their deepening.

13 December 2023
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

Environment

News

Resilience and Sustainability Trust’s first loans promote climate PPPs, raising concerns they may create fiscal risks

Initial financing for Costa Rica, Barbados, Rwanda, Bangladesh and Jamaica tied to efforts to ‘green’ PPP frameworks.

5 April 2023

Social services

News

Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favour of ineffective targeting schemes

Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favor of ineffective targeting schemes.

4 October 2023

Social services

News

Civil society calls to move away from PPPs grow, while World Bank doubles down on private finance-led approach

Civil society ramps up calls to move away from public-private partnerships (PPPs) with Santiago Declaration for Public Services. 

5 April 2023

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.

5 April 2023

Social services

News

World Bank’s definition of ‘universal’ social protection - another buzzword?

World Bank’s newly released Social Protection and Jobs Compass guidance note creates confusion over the Bank’s definition of ‘universal’ social protection.

8 December 2022

Conditionality

News

Unbalanced financial stimulus followed by fiscal austerity: When will the IMF learn from its mistakes?!

New reports by Financial Transparency Coalition and Eurodad highlight uneven distribution of Covid-19 stimulus spending followed by socially painful fiscal austerity.

8 December 2022

Rights

News

A new SDR allocation: Combatting deepening fragility concerns

The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.

8 December 2022