IFIs

Letter of rejection of the US nomination of Ajay Banga, former Mastercard chief, to be World Bank president

Civil society organisations from around the world reject the nomination of Mr. Banga for World Bank president and call for an end of the gentlemen's agreement. 

  • Climate Finance
  • IFIs
Jean Saldanha

Banga's nomination has Empire written all over it

Eurodad's questions ex-MasterCard chief Ajay Banga's nomination by the USA as their candidate for president of the World Bank Group. It is crucial that the next World Bank leader breaks with the past and has a vision for the future, but a Banga presidency will bring only more of the same. 

  • Climate Finance
  • IFIs
Eurodad

Eurodad response to resignation of World Bank President David Malpass

In her response to Malpass' resignation, Eurodad director Jean Saldanha urges the World Bank Group to see this as an opportunity to rethink the role of the institution.

  • Climate 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
Ilaria Crotti

Small Island Developing States drowning in debt and climate emergencies

This week, CSOs, academics and policymakers met in Grenada to discuss the challenges that climate change and debt pose for the Caribbean region.

  • Debt Justice
  • IFIs
Chiara Mariotti

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.

  • Development Finance
  • IFIs

Small island developing states (SIDS) have spent 18 times more in debt repayments than they receive in climate finance, says new research

Latest analyses show 31 out of 37 small island developing states (SIDS) countries are in critical debt situation, and are having to cut public budgets over the next three years. CSOs are calling for action to tackle the twin debt and climate crises at the Annual Meetings of the World Bank and IMF

  • Debt Justice
  • IFIs

Join Eurodad and partners at the WBG-IMF Annual Meetings

Join Eurodad and partners at the Civil Society Policy Forum (CSPF), that will be held in-person in Washington, DC, alongside the WBG-IMF Annual Meetings 2022

  • Climate Finance
  • IFIs
Matthew Cummings

End Austerity: A Global Report on Budget Cuts and Harmful Social Reforms in 2022-25

This report exposes the dangers of a post-pandemic austerity shock, far more premature and severe than the one that followed the global financial crisis.

  • Development Finance
  • IFIs
Nerea Craviotto

Opinion: The integrity of aid statistics must be protected

The Organisation for Economic Co-operation and Development’s Development Assistance Committee is a group of donor countries that monitors development finance flows. Over the past 20 years it has periodically amended the rules for calculating official development assistance — most recently as part of the ODA modernisation process.

  • Development Finance
  • IFIs