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Menu CRITICAL VOICES ON THE WORLD BANK AND IMF Search for: Advanced search » * Facebook * Twitter * Home * Topics * Accountability * Conditionality * Environment * Finance * Gender * IFI governance * Infrastructure * Knowledge * Land * Private Sector * Rights * Social services * Trade * WB/IMF roles * Institutions * International Monetary Fund (IMF) * Other * Other International Financial Institutions * UK Government * UN * World Bank Group * Countries * East Asia & Pacific * Eastern Europe & Central Asia * International * Latin America & Caribbean * Middle East & North Africa * North America * South Asia * Sub-Saharan Africa * Western Europe * Publications * Observer * Dispatch * News Lens * Briefings * Analysis * Commentary * Background * Reports * Other * Bulletin * Update * CIFs Monitor * About Us * About the Bretton Woods Project * Staff profiles * Project Steering Group * Annual reports * Project news * Job opportunities * * * * Accountability * Conditionality * Environment * Finance * Gender * IFI governance * Infrastructure * Knowledge * Land * Private Sector * Rights * Social services * Trade * WB/IMF roles THE BRETTON WOODS PROJECT IS A CIVIL SOCIETY WATCHDOG OF THE IMF AND WORLD BANK. WE ADVOCATE FOR A MULTILATERAL SYSTEM THAT IS DEMOCRATIC, INCLUSIVE, TRANSPARENT, ACCOUNTABLE, AND RESPONSIVE TO PEOPLE, ESPECIALLY THE POOREST AND MOST VULNERABLE. LATEST FROM THE BRETTON WOODS PROJECT FINANCE ANALYSIS G20 INDEPENDENT REVIEW CALLS FOR INCREASED LENDING BY MULTILATERAL DEVELOPMENT BANKS TO ADDRESS MULTIPLE CRISES, BUT LACK OF REFORM IN WORLD BANK CRISES RESPONSE FRAMEWORK RAISES CONCERNS ABOUT HOW IT WOULD USE ADDITIONAL RESOURCES. FINANCE ANALYSIS G20 REVIEW CALLS FOR INCREASED MDB LENDING AS WBG IGNORES URGENT NEED FOR POLICY CHANGES FINANCE ANALYSIS 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. FINANCE ANALYSIS MONETARY POWER AND SOVEREIGN DEBT CRISES: THE RENEWED CASE FOR A DEBT WORKOUT MECHANISM FINANCE ANALYSIS NEW IMF DEBT SUSTAINABILITY FRAMEWORK FAILS TO ALLEVIATE CONCERNS OVER TRANSPARENCY AND OVEROPTIMISM IN MIDST OF LARGE-SCALE DEBT CRISIS, AS COUNTRIES FACE SEVERE AUSTERITY AND PRIVATE LENDERS WAIT FOR BAILOUTS. FINANCE ANALYSIS IMF DEBT SUSTAINABILITY ANALYSIS IN TIMES OF COMPOUNDING CRISES: STILL UNFIT FOR PURPOSE FINANCE COMMENTARY QUOTA REFORM NEEDED AT IMF IN ORDER TO ADDRESS 21ST CENTURY CHALLENGES As economic conditions worsen and the Fund's legitimacy comes under increasing pressure, IMF leaders gathering for the Annual Meetings must make progress on ongoing review of IMF quotas and agree a more equitable formula and distribution of voting power. 4 October 2022 | Guest comment ENVIRONMENT ANALYSIS WORLD BANK’S FAILURE TO DISCLOSE DETAILS OF CLIMATE FINANCE ACCOUNTING OPENS ITS CLAIM TO BE LEADING GREEN FINANCIER TO SCRUTINY Newly released study by Oxfam finds that the Bank’s claims of climate finance for FY2020 could be off by as much as 40 per cent, or $7 billion, highlighting the urgent need for greater public disclosure. 4 October 2022 | Guest analysis ENVIRONMENT NEWS IMF SEEKS TO ‘UNLEASH’ PRIVATE CLIMATE FINANCE, AS EXPERTS QUESTION ‘DE-RISKING STATE’ MODEL In the face of growing calls to ‘de-risk’ green investments for the private sector, academic experts call for developmental allocative green credit regimes, rather than market-led approaches. 4 October 2022 ENVIRONMENT NEWS PAKISTAN CALLS FOR CLIMATE REPARATIONS, AS CSOS PUSH FOR FRESH SDR ALLOCATION TO EASE MULTIPLE CRISES Non-debt forms of financing essential, as many countries on front line of climate change face ‘polycrisis’ that threatens macroeconomic stability. 4 October 2022 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. 4 October 2022 ACCOUNTABILITY NEWS WORLD BANK’S ACCOUNTABILITY MECHANISMS - STILL A LONG WAY TO GO 57 CSOs highlight need for operational changes in the World Bank’s new accountability scheme to ensure its effectiveness. 4 October 2022 OTHER NEWS 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. 4 October 2022 RIGHTS NEWS 'UBER FILES' AND 'BACK OFF BLACKROCK' CAMPAIGN EXPOSE 'PINK WASHING' AS THE HEART OF CORPORATE WOMEN'S ECONOMIC EMPOWERMENT AGENDA Uber Leaks and cancelled BlackRock and UN Women partnership highlight contradiction of corporate ‘pink washing’ interests with IFI gender commitments. 4 October 2022 INFRASTRUCTURE NEWS NEW DEAL ALLOWS FOR ICSID CLAIMS ON FOSSIL FUEL INVESTMENTS UNTIL 2033 Loophole in renegotiated Energy Charter Treaty could see companies sue countries for losses related to fossil fuel projects until 2033. 4 October 2022 RIGHTS NEWS WILL IMF STRATEGY FOR FRAGILE AND CONFLICT-AFFECTED STATES ESCAPE TRADITIONAL FOCUS ON AUSTERITY? The IMF’s new Fragile and Conflict-Affected States strategy has incorporated many civil society concerns, but civil society and international actors like the UN must also have input into its implementation. 4 October 2022 IFI GOVERNANCE NEWS WORLD BANK APPOINTS INDERMIT GILL AS NEW CHIEF ECONOMIST Gill replaces Carmen Reinhart as she returns to Harvard after a two-year public service leave from the institution. 3 October 2022 CONDITIONALITY NEWS THE HUMAN FACE OF THE WORLD BANK'S PRIVATE SECTOR BIAS: THE PRIVATISATION OF KENYA'S HEALTHCARE A November 2021 report by the Center for Human Rights and Global Justice at New York University highlights the human rights consequences of the World Bank’s Maximising Finance for Development approach. 21 July 2022 SUBSCRIBE Get our alerts and publications in your inbox ADVOCACY PROGRAMS * Gender Equality & Macroeconomics project * Environmental advocacy WORLD BANK & IMF IN THE NEWS FINANCE ANALYSIS 4 October 2022 US DECLINES TO BLUNT PAIN AS IT EXPORTS INFLATION TO POOR COUNTRIES The Prospect ENVIRONMENT ANALYSIS 3 October 2022 DOUBTS OVER ACCURACY AND SCALE OF WORLD BANK CLIMATE FINANCE MAY UNDERMINE TRUST AHEAD OF CRUCIAL SUMMIT TALKS Oxfam IFI GOVERNANCE NEWS 29 September 2022 US LAWMAKERS URGE BIDEN TO PUSH FOR WORLD BANK CHIEF’S REMOVAL Bloomberg CONDITIONALITY ANALYSIS 28 September 2022 85% OF THE WORLD’S POPULATION WILL LIVE IN THE GRIP OF STRINGENT AUSTERITY MEASURES BY NEXT YEAR Oxfam More news FEATURED BRIEFINGS 4 October 2022 THE BRETTON WOODS OBSERVER: AUTUMN 2022 21 July 2022 ENDING “ABSOLUTE IMMUNITY” FOR THE INTERNATIONAL FINANCE CORPORATION: THE LEGACY OF JAM V. IFC EarthRights International examines how the Jam v. IFC case has helped to shift the landscape of accountability for international financial institutions by successfully challenging their claim to “absolute” immunity in US courts, potentially opening IFC up to further legal challenges in future. 21 July 2022 THE BRETTON WOODS OBSERVER: SUMMER 2022 More briefings DONATE Donate to the Bretton Woods Project TWITTER CONTENT * FAQ * Glossary * Resources * Open letters SUBSCRIBE * Subscribe by email * Twitter * Facebook * LinkedIn * RSS feeds HELP * Privacy policy * Accessibility policy * Credits * Help * Contact us This website uses cookies. By using this website you agree to their use. More information