The International Monetary Fund (IMF) along with the Board of Governors of the World Bank (WB) Group is having its annual Spring meeting from April 18th- 24, 2022 in order to commemorate another year...
With the growing integration of economic activities around the world, international trade has become an interesting arena for observers of international political economy and development practices.
Snippets from the world of International Finance Amidst Russia’s revanchist war against Ukraine starting last week, there is lots of ink on the financial markets and the sequence will hit the global economy. The...
The government has over the years made its priorities clear as to whose interest it serves. It is evident from the fact that the government continues with its gross underspending on key social sectors...
A year ago, we welcomed 2021 with a sense of optimism that the international community will rise to the challenge of ensuring equal vaccine access to all countries, but then the second wave of...
Founded in 1999, in the wake of the Asian Financial Crisis, G20’s formation was announced by the finance ministers of the Group of Seven (G7) as the forum for international cooperation on financial and...
This booklet is a result of webinars under the World Without World Bank campaign that brings together activists, academicians and other civil society groups to protest, respond to the World Bank’s neoliberal reforms.
With the world facing a climate crisis, urgent action is required on many fronts, not least in ensuring adequate levels of climate finance to support mitigation and adaptation in the Global South. Campaigns to...
As the 13th BRICS Summit was recently held and chaired by India, the People’s Forum on BRICS (a network of people’s movements, progressive civil society organizations, and trade unions) is convening a 5-day online...
In September, the World Bank announced that it would discontinue the publication of the Doing Business Report and Ranking (DBR). This overdue decision came after a series of internal audits and an investigation that...
Indian banks and financial institutions are lagging behind international financial institutions in helping control the climate crisis, research shows.
India’s 7th-largest commercial bank, Federal Bank Limited, has turned its back on new coal, according to a new report released October 7, 2021. The bank is a key lender to firms such as Jindal Steel Works (JSW)...
Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) in July 2021.
IFC’s ‘Approach to Greening Equity in Financial Institutions’ (Green Equity Approach or GEA), which IFC piloted in 2019 and published in September 2020, commits the IFC to end equity investments in financial institutions that...
The northern coast of the Gulf of Kutch has been witnessing large-scale industrialization for the past two decades while a very large Special Economic Zone is also situated in the vicinity. Among several polluting...