WB/IMF roles

Finance

News

Debt overhang risks another lost decade and could derail progress on poverty reduction and SDGs

Over 60 per cent of low-income countries and more than 25 percent of emerging market economies are in or at risk of debt distress, and are in danger of being unable to fulfil their fiscal obligations.

8 December 2022

IFI governance

Analysis

G20 press briefing analysis Annual Meetings 2022: Challenges and differences in view, as escalating geopolitical conflicts worsen the economic situation

The Indonesian Minister of Finance Sri Mulyani Indrawati acknowledged the G20 faced "many challenges" and "differences in view", with "escalating geopolitical conflicts worsening the economic situation.”

19 October 2022

Finance

Analysis

Monetary power and sovereign debt crises: The renewed case for a sovereign debt restructuring mechanism

The sovereign debt crises threatening states in the Global South are less about fiscal mismanagement and more about monetary power in the global currency hierarchy.

4 October 2022 | At Issue

Finance

Analysis

A new Bretton Woods for whom? Civil society calls for democratisation of global governance

As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.

21 July 2022

IFI governance

Background

What are the World Bank and IMF Annual Meetings?

This Inside the Institutions looks at the World Bank and International Monetary Fund Annual Meetings, one of two official yearly events bringing together BWI governors, officials, civil society, academics and journalists to discuss major economic developments and global governance.

4 October 2022 | Inside the institutions

IFI governance

Analysis

G24 communiqué analysis – Spring Meetings 2022

G24 finance ministers called for urgent global action to mitigate the effects of rising debt levels in emerging economies, and rising global food, energy and commodity prices.

25 April 2022

Finance

Background

What is World Bank Development Policy Financing?

This Inside the Institutions provides an overview of one of the World Bank’s most controversial types of lending, Development Policy Financing, and outlines some key critiques of the instrument.

23 March 2021

IFI governance

Analysis

Annual Meetings 2020 Preamble: IMF and World Bank frontload austerity and privatisation in Covid-19 recovery, while the world calls for more inclusive multilateralism

As the inability of Bank and Fund to adapt their policies in response to the Covid-19 pandemic becomes more evident, hope turns to the UN system and a radical restructure of the global international financial architecture.

12 October 2020

Finance

Analysis

The IMF and World Bank-led Covid-19 recovery: ‘Building back better’ or locking in broken policies?

Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.

16 July 2020

Rights

Analysis

Fears of lawsuits at World Bank’s tribunal constrain efforts to fight pandemic

Covid-19 pandemic highlights the urgent need for ICSID and wider ISDS reforms as cases threaten to undermine state efforts to protect public health.

16 July 2020