Global Processes

Jean Saldanha

IMF-WB Spring Meetings: Missed opportunities risk creating another lost decade for development

Eurodad Director Jean Saldanha reflects on the 2021 World Bank and IMF Spring Meetings.

  • Climate Finance
  • IFIs
Chiara Mariotti

Special Drawing Rights: A three trillion dollar question (Infograph)

What are Special Drawing Rights and why are they so important to the global recovery post-Covid? Find out more in this interactive infographic. 

Read our detailed analysis on SDRs | Click to expand the infograph

  • Development Finance
  • IFIs
Chiara Mariotti

The 3 trillion dollar question: What difference will the IMF’s new SDRs allocation make to the world’s poorest?

The US$650 billion allocation of SDRs proposed by the IMF will not support the post-Covid economic recovery of the poorest countries. In the following article, we set out the argument for a much larger allocation, one worth US$3 trillion.

Click to view the accompanying infographic

  • Development Finance
  • Covid-19
Kate Bayliss

‘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? 

  • Publicly-backed Private Finance
  • IFIs
Eurodad

World leaders continue to kick the can down the road on debt reform

World leaders failed to seize an opportunity for vital reform of the international debt architecture when they met yesterday (29 March) at the UN.

  • Debt Justice
  • Debt Resolution
Chiara Mariotti

How many scandals will it take for the World Bank to start doing rights not rankings?

  • The publication of the World Banks’ 2021 Doing Business Report was stopped in August 2020 following a scandal that uncovered data manipulation and altered scores in four countries.
  • As a result of these irregularities, Saudi Arabia was named the top improving economy of 2020 around the time of the “Davos in the Desert” summit and a year after the Khashoggi murder.
  • The World Bank has launched another review of the Doing Business methodology and is finally seeking feedback from CSOs, but for a meaningful and participatory consultation it must extend the deadline for feedback and organise a follow-up discussion.
  • Aid Effectiveness
  • IFIs

Letter to the World Bank Executive Directors about ceasing publication of the Doing Business Report

More than 300 civil society organisations and academics from across the world call upon the World Bank Executive Directors to end the publication of the World Bank’s Doing Business report.

  • Aid Effectiveness
  • IFIs
Eurodad

220 organisations urge G20 finance ministers to back a new round of IMF Special Drawing Rights, as poorest countries struggle with Covid-19 crises

A new allocation of Special Drawing Rights would send a strong signal of renewed multilateral coordination that puts life first.

  • Development Finance
  • Covid-19
Tove Ryding

Eurodad reaction to the report of the UN FACTI High Level Panel

The UN FACTI report must be a starting gun for international action to stop illicit financial flows, what is needed now is for our governments to get to work.

  • Tax Justice
  • Covid-19
Chiara Mariotti

Mind the gap: It’s time for the IMF to close the gap between rhetoric and practice

As countries face the difficult challenge of recovering from the Covid-19 pandemic, civil society is calling on the IMF to finally close the gap between its rhetoric and practice by no longer recommending austerity measures in long-term loan programmes.

  • Development Finance
  • IFIs