Press Release New Delhi | December 23, 2024 The Working Group on International Financial Institutions (WgonIFIs) is disappointed with the recent decision of the World Bank Board of Directors to approve $800 million for...
December 17, 2024 To, Executive Director The World Bank Washington, D.C. Dear Ms. / Mr. We, civil society organizations from 17 countries, write to express our grave concerns regarding the Amaravati Sustainable Infrastructure and Institutional Development Project (Project ID: P507508), which is scheduled for Board approval on December 19,...
As the Bretton Woods Institutions complete 80 years, here are eight charges against them (not in order of the severity of the crimes!). 1. Perpetuator of Climate Crisis: Now championing as a climate saviour...
Truman – Rostow Club and the Birth of Development Discourse In 1949, U.S. President Harry Truman, in his “Point Four” speech, introduced an influential vision of “development” that charted the course of history toward...
In 1994, the New York Times described the World Bank and International Monetary Fund (IMF) as “overlords of Africa” and ostensibly so the bankers have indeed become overlords of the global south since the globalisation...
On their 80th birthday, the colonial legacies of the World Bank (collectively for the IBRD – International Bank for Reconstruction and Development and the IDA – International Development Association) and the International Monetary Fund...
The Bretton Woods institutions – the World Bank and International Monetary Fund (IMF)- have completed 80 years of existence and operations. As people of the global south, who continue to bear the brunt of...
Press Release 23.10.2024 | New Delhi: Close to 200 individuals and civil society groups, representing a wide range of social movements, campaigns, and grassroots organisations and campaigns in a statement have called for the creation...
The 80th anniversary of the World Bank is a good time to bury the arguments in favor of reforming the institution and strengthen the demand for radical restructuring. The past eight decades did not...
The Centre for Financial Accountability, a New Delhi-based organisation working to strengthen and improve financial accountability within India, invites students and researchers to participate in an essay competition on the topic of Interrogating the...
International finance and geopolitics are quite dynamic and will tend to alter each day. We must have a clear view of our nation and where it stands in this landscape.
Banks and financial institutions in India have no internal mechanisms to address the broader costs of investing in risky projects.
The establishment of the Inspection Panel marked a significant development, driven by the pressure exerted by people's movements and civil society organizations (CSOs), during a period when the World Bank Group operated under the...
October 19, 2023 The undersigned organizations are gravely concerned about the recent media report of child sexual abuse at Bridge International Academies in Kenya, and allegations that the World Bank’s International Finance Corporation (IFC)...
India has been the poster boy of the World Bank's Ease of Doing Business as it leaped in the ranking by rapidly deregulating its economy. Environmental regulations were scaled back, labour regulations diluted...
