Bretton Woods Project - Critical voices on the World Bank and IMF

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Sector</a></li><li><a href="https://www.brettonwoodsproject.org/topics/rights/">Rights</a></li><li><a href="https://www.brettonwoodsproject.org/topics/social-services/">Social services</a></li><li><a href="https://www.brettonwoodsproject.org/topics/trade/">Trade</a></li><li><a href="https://www.brettonwoodsproject.org/topics/wbimf-roles/">WB/IMF roles</a></li> </ul> </div> </nav> <div id="content"> <div id="inner-content" class="wrap clearfix"> <div id="main" class="eightcol first clearfix" role="main"> <h1 class="front-page-intro">The Bretton Woods Project is a civil society watchdog of the IMF and World Bank. We advocate for a multilateral system that is democratic, inclusive, transparent, accountable, and responsive to people, especially the poorest and most vulnerable.</h1> <h2>Latest from the Bretton Woods Project</h2> <div class="article-list feature-box"> <div class="feature-box clearfix"> <article class="featured-image analysis"> <a class="linked-summary" href="https://www.brettonwoodsproject.org/2024/12/cop29-sees-mdbs-climate-finance-take-centre-stage-as-civil-society-brands-new-climate-finance-goal-betrayal/"> <header> <div class="article-classification"> <h2 class="primary-topic">Environment</h2> <h3 class="article-type">Analysis</h3> </div> <h1>Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout. </h1> </header> </a> <a class="linked-image" href="https://www.brettonwoodsproject.org/2024/12/cop29-sees-mdbs-climate-finance-take-centre-stage-as-civil-society-brands-new-climate-finance-goal-betrayal/"> <img width="465" height="348" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20465%20348'%3E%3C/svg%3E" class="attachment-bwp_large_carousel_image size-bwp_large_carousel_image wp-post-image" alt="illustration of the Bretton Woods Observer winter 2024, presenting the World Bank globe sitting on a hidden pile of gold looking at the Wall Street Bull (which represents the financial sector)" decoding="async" fetchpriority="high" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-465x348.jpeg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-351x263.jpeg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-750x562.jpeg 750w" data-lazy-sizes="(max-width: 465px) 100vw, 465px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-465x348.jpeg" /><noscript><img width="465" height="348" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-465x348.jpeg" class="attachment-bwp_large_carousel_image size-bwp_large_carousel_image wp-post-image" alt="illustration of the Bretton Woods Observer winter 2024, presenting the World Bank globe sitting on a hidden pile of gold looking at the Wall Street Bull (which represents the financial sector)" decoding="async" fetchpriority="high" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-465x348.jpeg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-351x263.jpeg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/BW-Wall-St-W24_small-750x562.jpeg 750w" sizes="(max-width: 465px) 100vw, 465px" /></noscript> </a> </article> <a class="linked-title" href="https://www.brettonwoodsproject.org/2024/12/cop29-sees-mdbs-climate-finance-take-centre-stage-as-civil-society-brands-new-climate-finance-goal-betrayal/"> <article class="analysis selected "> <header> <div class="article-classification"> <h2 class="primary-topic">Environment</h2> <h3 class="article-type">Analysis</h3> </div> <h1>MDBs take centre stage at COP29 as CSOs call new climate finance target a ‘betrayal’</h1> </header> </article> </a> <article class="featured-image commentary"> <a class="linked-summary" href="https://www.brettonwoodsproject.org/2024/12/the-b-ready-index-the-world-banks-bluewashing-of-labour-rights/"> <header> <div class="article-classification"> <h2 class="primary-topic">Private Sector</h2> <h3 class="article-type">Commentary</h3> </div> <h1>World Bank’s new Business-Ready (B-Ready) index offers new measures but reductionist approach, ultimately rewarding countries driving down labour rights in favour of business. </h1> </header> </a> <a class="linked-image" href="https://www.brettonwoodsproject.org/2024/12/the-b-ready-index-the-world-banks-bluewashing-of-labour-rights/"> <img width="465" height="348" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20465%20348'%3E%3C/svg%3E" class="attachment-bwp_large_carousel_image size-bwp_large_carousel_image wp-post-image" alt="Said Iqbal, President of the Confederation of Indonesian Labor Union, on a press conference celebrating the International Labor Day, 1 May 2023, Jakarta, Indonesia. Credit: Almarams/Shutterstock" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-750x562.jpg 750w" data-lazy-sizes="(max-width: 465px) 100vw, 465px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-465x348.jpg" /><noscript><img width="465" height="348" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-465x348.jpg" class="attachment-bwp_large_carousel_image size-bwp_large_carousel_image wp-post-image" alt="Said Iqbal, President of the Confederation of Indonesian Labor Union, on a press conference celebrating the International Labor Day, 1 May 2023, Jakarta, Indonesia. Credit: Almarams/Shutterstock" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Indonesia-750x562.jpg 750w" sizes="(max-width: 465px) 100vw, 465px" /></noscript> </a> </article> <a class="linked-title" href="https://www.brettonwoodsproject.org/2024/12/the-b-ready-index-the-world-banks-bluewashing-of-labour-rights/"> <article class="commentary "> <header> <div class="article-classification"> <h2 class="primary-topic">Private Sector</h2> <h3 class="article-type">Commentary</h3> </div> <h1>The B-Ready index: the World Bank’s bluewashing of labour rights</h1> </header> </article> </a> <article class="featured-image analysis"> <a class="linked-summary" href="https://www.brettonwoodsproject.org/2024/12/missing-in-action-accountability-is-noticeably-absent-from-the-world-bank-groups-new-corporate-scorecard/"> <header> <div class="article-classification"> <h2 class="primary-topic">Accountability</h2> <h3 class="article-type">Analysis</h3> </div> <h1>The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms. </h1> </header> </a> <a class="linked-image" href="https://www.brettonwoodsproject.org/2024/12/missing-in-action-accountability-is-noticeably-absent-from-the-world-bank-groups-new-corporate-scorecard/"> <img width="465" height="348" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20465%20348'%3E%3C/svg%3E" class="attachment-bwp_large_carousel_image size-bwp_large_carousel_image wp-post-image" alt="The World Bank's interactive new Corporate Scorecard on display at the 2024 World Bank and IMF Annual Meetings in Washington DC. Credit: Paul Blake/ World Bank." decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-351x263.jpg 351w" data-lazy-sizes="(max-width: 465px) 100vw, 465px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-465x348.jpg" /><noscript><img width="465" height="348" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-465x348.jpg" class="attachment-bwp_large_carousel_image size-bwp_large_carousel_image wp-post-image" alt="The World Bank's interactive new Corporate Scorecard on display at the 2024 World Bank and IMF Annual Meetings in Washington DC. Credit: Paul Blake/ World Bank." decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-351x263.jpg 351w" sizes="(max-width: 465px) 100vw, 465px" /></noscript> </a> </article> <a class="linked-title" href="https://www.brettonwoodsproject.org/2024/12/missing-in-action-accountability-is-noticeably-absent-from-the-world-bank-groups-new-corporate-scorecard/"> <article class="analysis "> <header> <div class="article-classification"> <h2 class="primary-topic">Accountability</h2> <h3 class="article-type">Analysis</h3> </div> <h1>Missing in action: accountability noticeably absent from WBG’s new Corporate Scorecard</h1> </header> </article> </a> </div> </div> <div class="article-list"> <a href="https://www.brettonwoodsproject.org/2024/12/whos-afraid-of-the-grassroots-imf-policymaking-in-the-era-of-social-discontent/" rel="bookmark" title="Who’s afraid of the grassroots? IMF policymaking in the era of social discontent" class="odd" > <article id="post-" class="clearfix analysis post-51691 post type-post status-publish format-standard has-post-thumbnail hentry tag-christian_aid tag-menafem tag-actionaid tag-eurodad tag-oxfam location-international article-type-analysis institution-imf" role="article"> <header> <img width="351" height="263" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20351%20263'%3E%3C/svg%3E" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="Managing Director Kristalina Georgieva and Communications Department Director Julie Kozack field questions at the Civil Society Townhall during the 2024 Annual Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on October 21, 2024. Credit: IMF Photo/Alyssa Schukar" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-750x562.jpg 750w" data-lazy-sizes="(max-width: 351px) 100vw, 351px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-351x263.jpg" /><noscript><img width="351" height="263" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-351x263.jpg" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="Managing Director Kristalina Georgieva and Communications Department Director Julie Kozack field questions at the Civil Society Townhall during the 2024 Annual Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on October 21, 2024. Credit: IMF Photo/Alyssa Schukar" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Political-Economy-of-Reform-Long-750x562.jpg 750w" sizes="(max-width: 351px) 100vw, 351px" /></noscript> <div class="article-classification"> <h2 class="primary-topic">Conditionality</h2> <h3 class="article-type">Analysis</h3> </div> <h1> Who’s afraid of the grassroots? IMF policymaking in the era of social discontent </h1> </header> <section class="entry-content clearfix"> <p> IMF proposes a grassroots communication strategy to convince the public of the need for further austerity measures as publications reveal fear that social unrest will make reforms ‘unimplementable’. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/10/dont-look-back-bwis-plough-down-path-of-reforms-lacking-evidence-and-willingness-to-engage-with-broader-un-led-reform-processes/" rel="bookmark" title="Annual Meetings 2024 Wrap-up - Don’t look back: BWIs plough down path of reforms lacking evidence and willingness to engage with broader UN-led reform processes" class="even" > <article id="post-" class="clearfix analysis post-51526 post type-post status-publish format-standard has-post-thumbnail hentry location-international article-type-analysis institution-brics institution-g20 institution-g24 institution-ieo institution-ida institution-ifc institution-imf institution-miga institution-v20-other institution-world-bank" role="article"> <header> <img width="351" height="263" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20351%20263'%3E%3C/svg%3E" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="Managing Director Kristalina Georgieva clasps hands with World Bank President Ajay Banga at the Global Sovereign Debt Roundtable during the 2024 Annual Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on 23 October 2024. Credit: IMF Photo/Allison Shelley" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-750x562.jpg 750w" data-lazy-sizes="(max-width: 351px) 100vw, 351px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-351x263.jpg" /><noscript><img width="351" height="263" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-351x263.jpg" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="Managing Director Kristalina Georgieva clasps hands with World Bank President Ajay Banga at the Global Sovereign Debt Roundtable during the 2024 Annual Meetings of the World Bank Group and International Monetary Fund in Washington, DC, on 23 October 2024. Credit: IMF Photo/Allison Shelley" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/AS241023063-2-750x562.jpg 750w" sizes="(max-width: 351px) 100vw, 351px" /></noscript> <div class="article-classification"> <h2 class="primary-topic">IFI governance</h2> <h3 class="article-type">Analysis</h3> </div> <h1> Annual Meetings 2024 Wrap-up - Don’t look back: BWIs plough down path of reforms lacking evidence and willingness to engage with broader UN-led reform processes </h1> </header> <section class="entry-content clearfix"> <p> The 2024 World Bank and IMF Annual Meetings, taking place in the context of the institutions’ 80th anniversary, offered little substantive reform despite multiple ongoing organisational processes and reviews. </p> </section>  <footer class="article-footer"> <div class="date"> 30 October 2024 </div> </footer>  </article>  </a> </div> <div class="article-list"> <a href="https://www.brettonwoodsproject.org/2025/02/recommended-resources-on-the-world-bank-and-the-imf-2024/" rel="bookmark" title="Recommended resources on the World Bank and the IMF 2024" class="odd" > <article id="post-" class="clearfix background post-52133 post type-post status-publish format-standard has-post-thumbnail hentry location-international article-type-background institution-imf institution-world-bank" role="article"> <header> <img width="351" height="263" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20351%20263'%3E%3C/svg%3E" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2025/02/books-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2025/02/books-465x348.jpg 465w" data-lazy-sizes="(max-width: 351px) 100vw, 351px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2025/02/books-351x263.jpg" /><noscript><img width="351" height="263" src="https://www.brettonwoodsproject.org/wp-content/uploads/2025/02/books-351x263.jpg" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2025/02/books-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2025/02/books-465x348.jpg 465w" sizes="(max-width: 351px) 100vw, 351px" /></noscript> <div class="article-classification"> <h2 class="primary-topic">Knowledge</h2> <h3 class="article-type">Background</h3> </div> <h1> Recommended resources on the World Bank and the IMF 2024 </h1> </header> <section class="entry-content clearfix"> <p> BWP's collection of recommended reports, briefings, CSO letters and other resources published on the World Bank and the IMF in the past year . </p> </section>  <footer class="article-footer"> <div class="date"> 12 February 2025 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/world-bank-goes-full-steam-ahead-on-agribusiness-but-new-report-highlights-gendered-harms/" rel="bookmark" title="World Bank goes full steam ahead on agribusiness, but new CAFOD report highlights gendered harms of Bank's approach" class="even" > <article id="post-" class="clearfix news post-51712 post type-post status-publish format-standard has-post-thumbnail hentry location-international article-type-news institution-ibrd institution-ifc institution-world-bank" role="article"> <header> <img width="351" height="263" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20351%20263'%3E%3C/svg%3E" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/16785474963_2c9135315b_c-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/16785474963_2c9135315b_c-465x348.jpg 465w" data-lazy-sizes="(max-width: 351px) 100vw, 351px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/16785474963_2c9135315b_c-351x263.jpg" /><noscript><img width="351" height="263" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/16785474963_2c9135315b_c-351x263.jpg" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/16785474963_2c9135315b_c-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/16785474963_2c9135315b_c-465x348.jpg 465w" sizes="(max-width: 351px) 100vw, 351px" /></noscript> <div class="article-classification"> <h2 class="primary-topic">Land</h2> <h3 class="article-type">News</h3> </div> <h1> World Bank goes full steam ahead on agribusiness, but new CAFOD report highlights gendered harms of Bank's approach </h1> </header> <section class="entry-content clearfix"> <p> Under President Banga, the World Bank is going full steam ahead on agribusiness financing with a $9 billion annual commitment by 2030, but a CAFOD report highlights harmful gendered impacts of current approach to commercialising farming. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/migas-new-guarantee-for-voluntary-carbon-markets-risks-shielding-big-polluters/" rel="bookmark" title="MIGA’s new guarantee for voluntary carbon markets risks shielding big polluters" class="odd" > <article id="post-" class="clearfix news post-51669 post type-post status-publish format-standard has-post-thumbnail hentry location-international article-type-news institution-miga institution-world-bank" role="article"> <header> <img width="351" height="263" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20351%20263'%3E%3C/svg%3E" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="Protest against carbon markets at UN Climate Change Conference Baku on 14th November 2024. Credit: IISD/ENB | Mike Muzurakis." decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-750x562.jpg 750w" data-lazy-sizes="(max-width: 351px) 100vw, 351px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-351x263.jpg" /><noscript><img width="351" height="263" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-351x263.jpg" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="Protest against carbon markets at UN Climate Change Conference Baku on 14th November 2024. Credit: IISD/ENB | Mike Muzurakis." decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/MIGA-750x562.jpg 750w" sizes="(max-width: 351px) 100vw, 351px" /></noscript> <div class="article-classification"> <h2 class="primary-topic">Environment</h2> <h3 class="article-type">News</h3> </div> <h1> MIGA’s new guarantee for voluntary carbon markets risks shielding big polluters </h1> </header> <section class="entry-content clearfix"> <p> CSOs warn MIGA's proposal at COP29 to de-risk carbon markets for private investors could shield polluters from accountability, leaving local communities to bear the costs. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/new-report-debunks-claims-that-inadequate-mdb-transparency-results-from-private-sector-concerns/" rel="bookmark" title="New report debunks claims that inadequate MDB transparency results from private sector concerns" class="even" > <article id="post-" class="clearfix news post-51645 post type-post status-publish format-standard has-post-thumbnail hentry location-international article-type-news institution-cao institution-g20 institution-ip institution-ibrd institution-ida institution-ifc institution-miga institution-world-bank" role="article"> <header> <img width="351" height="263" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20351%20263'%3E%3C/svg%3E" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-750x562.jpg 750w" data-lazy-sizes="(max-width: 351px) 100vw, 351px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-351x263.jpg" /><noscript><img width="351" height="263" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-351x263.jpg" class="attachment-bwp_front_image size-bwp_front_image wp-post-image" alt="" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-351x263.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-465x348.jpg 465w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/11/Medium-PWYF-confidentiality-Auturm-24-750x562.jpg 750w" sizes="(max-width: 351px) 100vw, 351px" /></noscript> <div class="article-classification"> <h2 class="primary-topic">IFI governance</h2> <h3 class="article-type">News</h3> </div> <h1> New report debunks claims that inadequate MDB transparency results from private sector concerns </h1> </header> <section class="entry-content clearfix"> <p> Amid underwhelming private capital mobilisation, new report underscores poor state of transparency and disclosure of private sector finance by multilateral development banks and development finance institutions. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> </div> <h2 style="clear:left;">Other news</h2> <div class="article-list compact-article-list"> <a href="https://www.brettonwoodsproject.org/2024/12/ida21-replenishment-limps-to-conclusion-with-amid-wider-aid-cuts/" rel="bookmark" title="IDA21 cobbles together $100 billion replenishment in context of wider aid cuts" class="odd" > <article id="post-" class="clearfix news post-51700 post type-post status-publish format-standard hentry location-international article-type-news institution-g20 institution-ida institution-world-bank" role="article"> <header> <div class="article-classification"> <h2 class="primary-topic">Finance</h2> <h3 class="article-type">News</h3> </div> <h1> IDA21 cobbles together $100 billion replenishment in context of wider aid cuts </h1> </header> <section class="entry-content clearfix"> <p> Amid concerns about the policy package and in the face of global crises, IDA's 21st replenishment showed difficulty of mobilising donor finance amid elections and geopolitical tensions. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/cao-report-finds-ifc-non-compliant-with-its-own-ghg-emissions-obligations/" rel="bookmark" title="CAO report adds to concerns about IFC's compliance with its own GHG emissions obligations" class="even" > <article id="post-" class="clearfix news post-51658 post type-post status-publish format-standard hentry location-international article-type-news institution-cao institution-ifc institution-world-bank" role="article"> <header> <div class="article-classification"> <h2 class="primary-topic">Accountability</h2> <h3 class="article-type">News</h3> </div> <h1> CAO report adds to concerns about IFC's compliance with its own GHG emissions obligations </h1> </header> <section class="entry-content clearfix"> <p> CAO report substantiates civil society findings about IFC’s failure to comply with its own requirements for GHG emissions measurement, alternatives analysis, mitigation and disclosure. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/bwis-use-frozen-russian-assets-for-new-50-billion-to-ukraine/" rel="bookmark" title="BWIs use frozen Russian assets as part of $50 billion support to Ukraine" class="odd" > <article id="post-" class="clearfix news post-51661 post type-post status-publish format-standard hentry location-ukraine article-type-news institution-imf institution-world-bank" role="article"> <header> <div class="article-classification"> <h2 class="primary-topic">Finance</h2> <h3 class="article-type">News</h3> </div> <h1> BWIs use frozen Russian assets as part of $50 billion support to Ukraine </h1> </header> <section class="entry-content clearfix"> <p> BWIs engineer creative ways to provide financial support to Ukraine using frozen Russian assets as back up, in contrast to lack of support for debt-stricken African countries. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/uns-fourth-finance-for-development-conference-takes-place-at-key-moment-for-international-financial-architecture-reform/" rel="bookmark" title="UN's Fourth Financing for Development Conference takes place at key moment for international financial architecture reform" class="even" > <article id="post-" class="clearfix news post-51689 post type-post status-publish format-standard hentry location-international article-type-news institution-imf institution-un institution-world-bank" role="article"> <header> <div class="article-classification"> <h2 class="primary-topic">Finance</h2> <h3 class="article-type">News</h3> </div> <h1> UN's Fourth Financing for Development Conference takes place at key moment for international financial architecture reform </h1> </header> <section class="entry-content clearfix"> <p> Civil society Financing for Development (FfD) Mechanism calls for FfD4 conference to deliver meaningful reform and a true path towards democratic multilateralism. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/12/trump-election-may-add-pressure-to-reverse-world-banks-prohibition-on-support-for-nuclear-power/" rel="bookmark" title="Trump election may add pressure to reverse World Bank’s prohibition on support for nuclear power" class="odd" > <article id="post-" class="clearfix news post-51656 post type-post status-publish format-standard hentry location-international location-ssa location-united-states article-type-news institution-g20 institution-ifc institution-miga institution-world-bank" role="article"> <header> <div class="article-classification"> <h2 class="primary-topic">Environment</h2> <h3 class="article-type">News</h3> </div> <h1> Trump election may add pressure to reverse World Bank’s prohibition on support for nuclear power </h1> </header> <section class="entry-content clearfix"> <p> Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power. </p> </section>  <footer class="article-footer"> <div class="date"> 12 December 2024 </div> </footer>  </article>  </a> <a href="https://www.brettonwoodsproject.org/2024/10/strengthening-governance-of-development-policy-finance-improving-transparency-accountability-stakeholder-engagement-and-paris-alignment/" rel="bookmark" title="Strengthening governance of development policy finance: Improving transparency, accountability, stakeholder engagement, and Paris alignment" class="even" > <article id="post-" class="clearfix background post-51584 post type-post status-publish format-standard has-post-thumbnail hentry location-international article-type-background article-type-minutes institution-world-bank" role="article"> <header> <div class="article-classification"> <h2 class="primary-topic">Accountability</h2> <h3 class="article-type">Background</h3> </div> <h1> Strengthening governance of development policy finance: Improving transparency, accountability, stakeholder engagement, and Paris alignment </h1> </header> <section class="entry-content clearfix"> <p> Notes from the Civil Society Policy Forum on 24 October 2024 titled "Strengthening governance of development policy finance: Improving transparency, accountability, stakeholder engagement, and Paris alignment". </p> </section>  <footer class="article-footer"> <div class="date"> 24 October 2024 | Minutes </div> </footer>  </article>  </a> </div> </div>  <div id="sidebar1" class="sidebar fourcol last clearfix" role="complementary"> <div id="bwp_subscribe_widget-2" class="widget widget_bwp_subscribe_widget"><h4 class="widget-title">Subscribe</h4> <p><a href="https://www.brettonwoodsproject.org/2018/06/subscribe/">Get our alerts and publications in your 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target="_blank"> <article class="analysis"> <header> <div class="article-classification"> <h2 class="primary-topic">Finance</h2> <h3 class="article-type">Analysis</h3> <div class="date"> 10 February 2025 </div> </div> <h1> SDR you kidding me?! </h1> <div class="publisher">Christian Aid</div> </header> </article> </a> <a href="https://www.eurodad.org/what_should_have_been_said_at_oecd_hosted_conference_on_private_finance_for_development_we_need_a_un_led_change_of_course" target="_blank"> <article class="analysis"> <header> <div class="article-classification"> <h2 class="primary-topic">Finance</h2> <h3 class="article-type">Analysis</h3> <div class="date"> 10 February 2025 </div> </div> <h1> What should have been said at OECD-hosted conference on private finance for development: We need a UN-led change of course </h1> <div class="publisher">Eurodad</div> </header> </article> </a> <a href="https://actionaid.org/publications/2025/who-owes-who#downloads" target="_blank"> <article 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Credit: Paul Blake/ World Bank." decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-125x83.jpg 125w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-300x200.jpg 300w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-150x100.jpg 150w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-768x512.jpg 768w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-351x234.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-554x370.jpg 554w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-166x111.jpg 166w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-236x157.jpg 236w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c.jpg 799w" data-lazy-sizes="(max-width: 125px) 100vw, 125px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-125x83.jpg" /><noscript><img width="125" height="83" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-125x83.jpg" class="attachment-bwp_featured_briefing_image size-bwp_featured_briefing_image wp-post-image" alt="The World Bank's interactive new Corporate Scorecard on display at the 2024 World Bank and IMF Annual Meetings in Washington DC. Credit: Paul Blake/ World Bank." decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-125x83.jpg 125w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-300x200.jpg 300w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-150x100.jpg 150w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-768x512.jpg 768w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-351x234.jpg 351w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-554x370.jpg 554w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-166x111.jpg 166w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c-236x157.jpg 236w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/12/54088463938_e5b4d7c1eb_c.jpg 799w" sizes="(max-width: 125px) 100vw, 125px" /></noscript> <header> <div class="date">12 December 2024</div> <h1>Missing in action: accountability is noticeably absent from the World Bank Group’s new Corporate Scorecard</h1> </header> <section class="entry-content clearfix"> <p>The Corporate Scorecard’s accountability gap is symptomatic of a broader failure on the part of the WBG to fully internalise, integrate and learn from the work of its accountability mechanisms.</p> </section>  </article> </a> <a href="https://www.brettonwoodsproject.org/publications/autumn-2024/"> <article> <img width="125" height="177" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20125%20177'%3E%3C/svg%3E" class="attachment-bwp_featured_briefing_image size-bwp_featured_briefing_image wp-post-image" alt="" decoding="async" data-lazy-srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-125x177.jpg 125w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-106x150.jpg 106w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-166x235.jpg 166w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover.jpg 200w" data-lazy-sizes="(max-width: 125px) 100vw, 125px" data-lazy-src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-125x177.jpg" /><noscript><img width="125" height="177" src="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-125x177.jpg" class="attachment-bwp_featured_briefing_image size-bwp_featured_briefing_image wp-post-image" alt="" decoding="async" srcset="https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-125x177.jpg 125w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-106x150.jpg 106w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover-166x235.jpg 166w, https://www.brettonwoodsproject.org/wp-content/uploads/2024/10/bw_observer_autumn_24_cover.jpg 200w" sizes="(max-width: 125px) 100vw, 125px" /></noscript> <header> <div class="date">16 October 2024</div> <h1>The Bretton Woods Observer: Autumn 2024</h1> </header> <section class="entry-content clearfix"> <p></p> </section>  </article> </a> <a class="widget-more-link" href="https://www.brettonwoodsproject.org/article-type/analysis/briefing/?show_all=1">More briefings</a> </div><div id="bwp_donate_widget-2" class="widget donate-widget"><h4 class="widget-title">Donate</h4> <p><a href="https://www.brettonwoodsproject.org/2006/05/art-537709/">Donate to the Bretton Woods Project</a></p> </div><div id="twitter_timeline-3" class="widget widget_twitter_timeline"><h4 class="widget-title">Twitter</h4><a class="twitter-timeline" data-width="420" data-height="400" data-theme="light" data-border-color="#f0f0f1" data-lang="EN" data-partner="jetpack" data-chrome="noheader nofooter noborders transparent noscrollbar" href="https://twitter.com/@brettonwoodspr" href="https://twitter.com/@brettonwoodspr">My Tweets</a></div> </div> </div>  </div>  <footer class="footer" role="contentinfo"> <div id="inner-footer" class="wrap clearfix"> <div id="eu_cookie_law_widget-2" class="widget widget_eu_cookie_law_widget"> <div class="hide-on-button" data-hide-timeout="30" data-consent-expiration="180" id="eu-cookie-law" > <form method="post"> <input type="submit" value="Close and accept" class="accept" /> </form> This website uses cookies. 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