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.

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

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

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.

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.

IMF surcharges are a system of fees on loans from this institution which places an unfair burden on vulnerable countries that are in need of financial support.

After two years of meeting online and three since we last met in person as a network, we came together in Brussels last week for our 2022 conference “Reboot the system: Defining joint strategies for economic justice”.

The decision by the IFC to not resume investments in fee-charging private schools reinforces the work done by civil society organisations highlighting the negative impact of for-profit schools. 

Read the statement in English | Lee la declaración en español |Lire la declaration en français

Thirty-three organisations from the global south and the global north have signed a statement arguing that the World Bank has not learnt crucial lessons from the Covid-19 pandemic and broader health financing evidence.

Download the statement