The central driver of the World Bank's approach towards resolving the climate crisis places the  private sector as the key provider of finance and centres the WBG as a facilitator of the mobilisation of private capital. Given the Bank's record on climate, together with its plans for the future, such a scenario gives great cause for concern. Furthermore, while rich country governments - the main shareholders of the WBG - are pushing for a greater role of the WBG in climate action, they continue to fall behind on the U$S100 billion annual commitments on climate finance. 

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Join Eurodad and partners at the Civil Society Policy Forum and World Bank Group - International Monetary Fund Spring Meetings from April 10 to 14.

More than 40 civil society organisations from around the world have signed an open letter to the World Bank, IMF and G20 sharing concerns regarding inclusiveness and transparency in the ongoing discussions to address sovereign debt resolution. The three organisations have convened the Global Sovereign Debt Roundtable, which will meet during next weeks Spring Meetings in Washington, DC. 

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. 

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.

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.

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

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.