While the recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, they are thus far not a rupture with the Western-dominated international financial architecture.
A new complaint was lodged with the CAO regarding an IFC financial intermediary investment in Honduras, while another financial intermediary case, previously linked to the IFC, escalate into violence.
UN votes in favour of accepting new principles to guide sovereign debt restructuring, as CSO report warns of risk of new crises linked to aid and multilateral lending.
New evidence from Oxfam, the Bretton Woods Project and other NGOs reveals the impact of IFC investments in financial intermediaries on global human rights.
This factsheet explains how the International Finance Corporation (IFC) operates, how development impact is measured, and the latest trends in investments by sector, region and instrument.
The World Bank Group invested $36 billion between 2009 and 2013 in the financial sector, three times as much as in education. Investments in financial intermediaries in Honduras and India have been criticised by civil society groups.
The IMF rings more warnings about the costs of having an oversized financial sector, but fails to recommend stronger controls on the banking sector.
Argentina has agreed a deal with its Paris Club creditors, which have been accused of aggressive behaviour in demanding repayment of double the original debt.
IFC staff and NGO representatives discussed financial intermediaries lending in a closed door meeting on Sunday 13 April.
Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…