Global Processes

Julia Ravenscroft

IMF-WB Annual Meetings: Strong rhetoric, weak action

As the Annual Meetings of the IMF and World Bank draw to a close, Jean Saldanha, Director of the European Network on Debt and Development (Eurodad) reflects on a crucial, but disappointing, week in development finance.

  • Development Finance
  • Global Processes
Iolanda Fresnillo
Julia Ravenscroft

Over half of the World Bank's emergency funding to tackle the Coronavirus crisis goes to the private sector

  • Almost 60 per cent of the Bank’s fast track Covid-19 Facility (US$ 8 billion) is being allocated through its private sector arm, the International Finance Corporation (IFC)
  • Publicly available information indicates that as of June 2020, 68 per cent of IFC Covid-19 projects targeted financial institutions
  • It also shows that 50 per cent of IFC-supported companies are either majority-owned by multinational companies or are themselves international conglomerates
  • Publicly-backed Private Finance
  • Global Processes
Maria Jose Romero

Never let a pandemic go to waste: How the World Bank’s Covid-19 response is prioritising the private sector

The Covid-19 pandemic has triggered health, economic and social crises of unprecedented proportions that have the potential to seriously undermine the (already slow) progress made by developing countries towards achieving the Sustainable Development Goals.

  • Publicly-backed Private Finance
  • Global Processes
Daniel Munevar

Arrested Development: International Monetary Fund lending and austerity post Covid-19

A Eurodad-led review reveals insufficient and inadequate multilateral response to the Covid-19 pandemic on the part of the IMF, locking a large number of countries into a decade-long crisis of debt and austerity.

  • Debt Justice
  • Global Processes
Eurodad

Civil Society Organisations’ statement against continued IMF austerity

More than 500 civil society organisations are calling on the International Monetary Fund (IMF) to immediately stop promoting austerity around the world, and instead advocate policies that advance gender justice, reduce inequality, and decisively put people and planet first. 

  • Debt Justice
  • Global Processes
Eurodad

Global economic solutions now!

Eurodad joins more than 350 civil society organisations from across the world in signing an open letter to Heads of State Meeting at the United Nations for the 75th UNGA.

  • Tax Justice
  • Global Processes
Leia Achampong

Making the European ‘Climate’ Investment Bank work for developing countries

In response to the public consultation on the European Investment Bank Climate Bank Roadmap, this paper outlines what the Roadmap should do to fulfil the commitment to international climate finance.

  • Climate Finance
  • Global Processes
Eurodad

Eurodad reaction to the G20 suspension of debt payments

#Covid-19 #IMF #Debt #SpringMeetings #G20 #WHO #ODA #JobVacancy

  • Development Finance
  • Global Processes
Jean Saldanha

The Bretton Woods Institutions, 75 years on: reform or risk irrelevance.

The Bretton Woods Institutions were built on the ruins of an old world-order, at the end of World War II, and the dawn of a new world order, marked by the birth of many new nation-states and the onset of the cold-war. 

  • Aid Effectiveness
  • Global Processes