More than 130 civil society organisations have sent an open letter to the International Monetary Fund's Executive Board warning of the far-reaching consequences of austerity in IMF programmes.

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Over 130 civil society organisations from around the world have today published an open letter to the IMF’s executive board, warning against a return to frontloading austerity in IMF programmes.

Read the letter in full

Decisions taken this week at the World Bank have created uncertainty around the Bank's future role in climate finance and its commitment to climate action.

This blog has been written jointly by Bertha Argueta Tejeda (Eurodad) and Rebecca Thissen (CAN-International).

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More than 90 organisations have signed an open letter to World Bank President Ajay Banga and the Executive Directors calling for the Bank to clarify the future of its Climate Change Action Plan, which is due to expire on 30 June, without any clear successor.

Against a backdrop of war, aid cuts, mounting debt & austerity, the response from the International Monetary Fund (IMF) & the World Bank at this week's Spring Meetings risks deepening the global humanitarian crisis, unless there's urgent action on debt relief, adequate financing and governance reform.

Mandated during last year’s UN Financing for Development conference, the platform will create a dedicated space for borrower countries to exchange knowledge, coordinate positions and amplify their collective voice on the global stage for the first time. 

More than 190 civil society organisations and trade unions signed the response to the draft text.

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