#News Lens: CADTM offers a case study of Mexico's indebted history to illustrate how profit for private, usually Global North creditors is prioritised over all else, and facilitated by the World Bank and IMF

cadtm.org/The-Mexican-de…

“These scandals should prompt us to reflect on how appropriate it is to use #developmentfinance for private hospitals”, said Marco Angelo, our global health advocate, about the recent scandals involving the IFC.
Read the article from Bretton Woods Proj.: brettonwoodsproject.org/2024/04/anothe…

#News Lens: CEPR study outlines urgent solutions to break the debt cycle & support countries climate and development needs👇

✅sovereign debt restructuring mechanism
✅new sustainable sources of financing
✅new #SDRs allocation
✅ #StopImfSurcharges

cepr.net/report/the-ris…

Matthew Greenslade reports on the CSPF event at the WB/IMG Spring Meetings, with a critique of the WB's continued use of poverty-targeting measures in its social protection programmes in low-income countries.
developmentpathways.co.uk/news/report-on…

80 years after Bretton Woods Conference, division among Bank stakeholders means it still fails to meet 21st century challenges

Our analysis of Development Committee chair’s statement now out👇
tinyurl.com/DevCoSprings24

#WBGMeetings #IMFMeetings #BrettonWoodsAt80

Check out our V20 Finance Ministers communiqué analysis⤵️

Vulnerable countries issue call to action, as net-negative official flows result in ‘millions in, billions out’ amid growing debt burdens

#IMFMeetings #WBGMeetings

tinyurl.com/V20Springs24

.G24 group puts pressure on World Bank & IMF to use their influence where it’s needed – in UN Tax Convention and through holistic support for struggling countries, not in protectionist policies tinyurl.com/G24Springs24

In the absence of a communiqué or chair statement, @G20Brasil press conference focused on impact of US monetary policy on global debt and financing dynamics, with Brazilian officials calling for more responsive and better capitalised MDBs 👉tinyurl.com/G20Springs24

IMFC chair’s relatively sanguine view of the global economy does not reflect the IMF’s own projection that the five-year global economic growth forecast is “at its lowest in decades”.

Read our analysis of #IMFC chair statement at #SpringMeetings2024 👇
tinyurl.com/IMFCSprings24

Output vs impact has been a key topic at #SpringMeetings24 , but how's the World Bank doing in climate finance? Our Inside the Institutions looks into it and surrounding issues such as opaque reporting, provision of loan-based financing, and+ tinyurl.com/InsideSpring24

#News Lens: Financial Times analysis highlights hypocrisy of Global North preference of industrial policy at home while continuing to impose outdated policies in struggling countries including #austerity at World Bank & IMF #SpringMeetings24 amidst #debtcrisis

ft.com/content/6482a6…

🚨New in #ObserverSpring24 ⤵️

Indonesia’s JETP bears the clear handprint of the World Bank’s private-sector led approach to power sectors in the Global South, creating opposition from unions and civil society

tinyurl.com/IndonesiaJETP

#News Lens: @Worldbank chief economist Indermit Gill blasts #CommonFramework for debt as slow, ineffective and badly designed, and points out low-income countries are still in crisis

theguardian.com/business/2024/…

#News Lens: 'for the 80 years the IMF and World Bank have been in existence, not much has changed. Instead, Global South countries have been pushed further into debt and are reeling from the impacts of IMF-imposed austerity measures,' by ActionAid

actionaid.org/news/2024/time…

In #ObserverSpring24 a newest example of harm under IFC funded projects, The Telegraph exposé unveils how IFC-funded private hospital group in India was running illegal organ trading scheme. #Civilsociety calls for accountability more relevant than ever

tinyurl.com/IFCApolloHospi…

Last week at World Bank #SpringMeetings2024 we heard a lot about a 'bigger & faster' Bank, but does this mean a 'better' Bank?

Find out in our #ObserverSpring24 👇
tinyurl.com/BiggervsBetter

80 years of gentleman's agreement is more than enough🚫 ActionAid Niranjali & Susan Otieno make the case 👇

3️⃣ This isn't just a 'liquidity squeeze,' we are in a serious #DebtCrisis . On Friday morning, we'll be looking at solutions for genuine #debt sustainability.

Join us at 11h30 EDT. ow.ly/yO5A50Rg7vv

#IMFMeetings #SMCSO24 #CancelTheDebt

🚨Starting soon at IMF Spring Meetings #SMCSO24

If you are not in DC watch online here👇
imf.zoom.us/j/92224135837?…