Maria Jose Romero

Bhumika Muchhala

The grand narrative of private finance: over-reliance on attracting investment is undermining change at World Bank

This blog analyses the World Bank’s 'Evolution Roadmap' and is written by Bhumika Muchhala, from the Third World Network and Eurodad's Maria Jose Romero.

Read the full opinion piece on IPS News

  • Development Finance
  • IFIs
Chiara Mariotti

Demystifying Bretton Woods institutions’ rhetoric on public services

Drawing on the specific case of IMF and World Bank’s response to the multiple crisis triggered by the pandemic, a journal article shows that there is a discourse-practice disjuncture in the Bretton Woods institutions approach to public services as they continue to favour austerity and market-oriented solutions for the delivery of public services. The article therefore seeks to demystify the institutions rhetoric and demand the adoption of a different way of understanding public services, and social policy more broadly.

  • Gender Justice
  • IFIs
Leia Achampong

COP27 misses the point again, failing to push rich nations to meet climate finance commitments

COP27 only delivered one part of the climate finance puzzle, namely a Loss and Damage Fund. Developed countries need to step up their efforts to repay the climate debt so all countries are able to pursue sustainable development.

  • Climate Finance
Maria Jose Romero

Analysis: World Bank and IMF failure to address the global polycrisis makes systemic reform even more urgent

Last week’s meetings proved yet again that without fundamental reform to how both the World Bank and IMF are governed, and how they ultimately operate, the same mistakes will be repeated again and again. And that is unacceptable.

  • Debt Justice
  • Global Processes
Maria Jose Romero

BWI Annual Meetings 2021: Political games while the world burns (3)

Business as usual prevailed over the need for genuine reform during the Annual Meetings of the Bretton Woods Institutions earlier this month. This is the third of a three-blog series dealing with the Doing Business Report scandal, allocation of rich countries unused Special Drawing Rights and the debt crisis.

  • Debt Justice
  • IFIs
Iolanda Fresnillo

BWI Annual Meetings 2021: Political games while the world burns (1)

Business as usual prevailed over the need for genuine reform during the Annual Meetings of the Bretton Woods Institutions earlier this month. This is the first of a three-blog series dealing with the Doing Business Report scandal, allocation of rich countries unused Special Drawing Rights and the debt crisis.

  • Debt Justice
  • Covid-19
Maria Jose Romero

BWI Annual Meetings 2021: Political games while the world burns (2)

Business as usual prevailed over the need for genuine reform during the Annual Meetings of the Bretton Woods Institutions earlier this month. This is the second of a three-blog series dealing with the Doing Business Report scandal, allocation of rich countries unused Special Drawing Rights and the debt crisis.

  • Debt Justice
  • IFIs
Flora Sonkin

Reclaiming sustainable infrastructure as a public good

Infrastructure is key to improving living conditions worldwide, but the current push to attract (often foreign) private finance to projects in the global south risks undermining development objectives. How can we reclaim sustainable infrastructure as a public good?

This report is available in English, SpanishFrench and Portuguese.

  • Publicly-backed Private Finance
  • Infrastructure
Farwa Sial

The relentless quest to mobilise private investment in infrastructure: more de-risking is not the answer

While G7 leaders argue that they "aim for a step change" in their approach to infrastructure financing, a market-led approach is still at the heart of the G7’s plan to "build back better" for the world. In the following blog, María José Romero, Farwa Sial and Flora Sonkin analyse the proposals, the risks and an alternative way of thinking about infrastructure.

  • Publicly-backed Private Finance
  • Infrastructure
Maria Jose Romero

‘Rebuilding better', but better for whom?

In March 2020 the World Bank Group pledged to provide US$ 160bn to client countries in the 15 months to June 2021. In this briefing we analyse the Bank's response and ask, given private finance's central role, who is truly benefitting from their Covid-19 response package? 

Read the Spanish version | Read the French version

  • Development Finance
  • IFIs