Sri Lankan trade unions call out IMF and World Bank's dismantling of country’s social protection system in favor of ineffective targeting schemes.
Social services
Conditionality
News
Tunisian government resists proposed IMF austerity programme
Tunisian government is attempting to renegotiate IMF loan to avoid subsidy cuts on food and fuel.
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.
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.
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.
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.
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.
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.
Social services
News
World Bank issues new guidance on PPPs legal frameworks, ignoring long-standing concerns with the model
New World Bank guidance on PPP legal frameworks evidence of institution’s continued reliance on PPPs as key to addressing SDG financing gap despite well-documented failures. Previous World Bank PPP contracts template criticised for incompatibility with human rights norms.
Conditionality
News
Nigerians set for higher bills as Bank pushes for removal of ‘inefficient’ energy subsidies
Nigerians set for higher energy bills amidst deep economic crisis as Bank pushes for removal of ‘inefficient’ energy subsidies.
