IFIs

Eurodad

IMF/WB Spring Meetings 2022 - As crises mount, failed and insufficient solutions from the IMF and World Bank must be replaced

Call for decision-making to shift to the UN: “the most democratic global governance space we have.”

  • Development Finance
  • IFIs
Julia Ravenscroft

Open letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organisations call for issuance of more SDRs and fairer distribution ahead

A group of 17 CSOs has issued an open letter to G20 Finance Ministers, Central Bank Governors and the IMF calling for a new US$2.5 trillion issuance of reserve assets called Special Drawing Rights (SDRs), and reformed criteria for distributing them in a fairer way and according to needs.

  • Development Finance
  • SDRs

Open Letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil Society Organizations Call for Issuance of More SDRs and Fairer Distribution

Due to the rules governing the distribution of Special Drawing Rights (SDRs), more than US$400 billion of last year's US$ 650 billion issuance went to advanced economies who didn't need them. A group of CSOs are therefore calling for a new allocation of SDRs with fairer distribution to help tackle the global crises and substantial changes to the Resilience and Sustainability Trust, the IMF new instrument to channel SDRs.

  • Development Finance
  • SDRs
Julia Ravenscroft

IMF plans to distribute Special Drawing Rights to those most in need require fundamental reform

New Eurodad briefing argues that the IMF’s Resilience and Sustainability Trust is far from a silver bullet and how greater commitments are needed from governments and central banks, as billions of dollars of SDRs remain unused.

  • Development Finance
  • IFIs
Chiara Mariotti

Special Drawing Rights: Can the IMF’s reserve currency become a transformative financial resource?

In August 2021, the IMF issued the largest allocation of Special Drawing Rights (SDR) in history. This briefing takes stock of the discussion on how to channel unused SDRs from rich to developing countries and assesses the different solutions proposed so far.

  • Development Finance
  • IFIs

Join Eurodad and partners at the WBG/ IMF Spring Meetings

Join Eurodad and partners at the Civil Society Policy Forum and World Bank Group - International Monetary Fund Spring Meetings this April.

  • Development Finance
  • IFIs
Chiara Mariotti

Civil society warns World Bank: The Business Enabling Environment Project is a rebranding of the disgraced Doing Business Report and it must be abandoned

Today the World Bank closed a consultation process on their plans to replace the discontinued Doing Business Report (DBR) with the Business Environment Enabling Project (BEE). A coalition of  CSOs have delivered a strongly worded submission arguing this is a rebranding exercise which does not address the root problems in the Bank's engagement in private sector advice

  • Development Finance
  • IFIs
Iolanda Fresnillo

G20 buries its head in the sand amidst increasing calls for action on sovereign debt

Last week, G20 Finance Ministers failed to act on calls to enhance the Common Framework. In this article we look at the trends and risks regarding sovereign debt that the G20 seem to be ignoring and we believe will need close attention in the coming months. 

This article was originally published on 16 February and updated on 24 February. 

  • Debt Justice
  • IFIs
Jean Saldanha

2022: The year of uncertainty

As many countries welcomed in the new year they were also hit by Omicron, yet another even more infectious variant of the Coronavirus. The world is once again faced with the common challenge of dealing with a new turn in the pandemic.

  • Development Finance
  • IFIs

CSOs call for open public consultation on the IMF’s forthcoming Gender Strategy

81 civil society organisations call on the IMF Board to support an open and meaningful public consultation process around the forthcoming Gender Strategy.

  • Gender Justice
  • IFIs