On the eightieth anniversary of the World Bank and the International Monetary Fund, it is time for a change of course. In this blog, our experts on the Bretton Woods Institutions explain why the world is in urgent need of more responsive, democratic, accountable and development-orientated. global economic governance. 

#PayUp #ClimateFinance #DebtJustice #EUelections #G7

Coordinated by thirty member organisations of the global Debt and Climate Working Group, this briefing is launched during the Bonn Climate Change Conference (3-13 June) and the 10th Technical Expert Dialogue for the process of establishing a new post-2025 climate finance goal. 

A new book “Feminism in Public Debt: A Human Rights Approach” delves into the intricate connections between debt, gender, and human rights, with a spotlight on Latin American countries. 

#EUelections #TaxJustice #CancelTheDebt #GenderJustice

• Ongoing failure to tackle debt crises and large-scale illicit financial flows mean countries, especially in the global south, struggle to deliver on the sustainable development goals (SDGs) and tackle climate extreme event.
• UN Tax Convention negotiations and next year’s Financing for Development (FfD) Summit present opportunities for systemic reform

In mid-2025, the world’s governments will gather in Spain for the 4th United Nations Summit on Financing for Development (FfD). It will be a key moment to assess the fairness and efficiency of global economic governance, and for world leaders to address underlying systemic issues and challenges. With this in mind, it is high time to ask: how is it going with financing for development? In this report, we assess the situation with a specific focus on debt management, domestic resource mobilisation and illicit financial flows in nine focus countries: Bangladesh, Ecuador, Grenada, Kenya, Morocco, Nepal, Peru, Philippines, Zambia. 

English version | French version | Spanish version

#SMCSO24 #IMFMeetings #WBMeetings #CancelTheDebt