World Bank & International Finance: Legacy, Lessons & Current Struggles
This year, the World Bank and IMF Spring Meetings took place virtually from the 22nd to the 24th of April, 2022.
Civil society urges for a world without the World Bank | Press Release
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...
World Bank’s Doing Business Report is Just the Tip of the Iceberg!
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...
Post Covid Funds for India
Since the COVID-19 crisis emerged, MDBs have stepped in with massive packages for economic, social and health support. Details of funds received by India from Multilateral Development Banks for COVID-19 recovery support as of 30th October...
World Without World Bank Possible: Activists
Action Week on World Bank Brings Together Social & Political Activists, Probing their Past and Demanding Accountability Press Release | October 16, 2020 New Delhi: A key message reverberating in the week long protest...
Pandemic As An Opportunity- Covid 19 Outbreak & Response of Multilateral Development Banks
Multilateral Development Organizations like the World Bank Group over the past decades have defined mainly how the language and direction of development have shaped globally. In India, the experience has been no different. From...
Indian Civil Society Groups Announce “World Without World Bank” Action Week
Highlight the Impacts on Key Sectors in India During IMF-WB 2020 Annual Meetings Date: 12 October, 2020 New Delhi: People’s Movements, Civil Society Groups, and concerned citizens are coming together to protest the World...
Give Doing Business report a COVID burial
On August 27th, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the...
The Corona Pandemic, Debt and Default
The world was witnessing a massive buildup of debt, even before the pandemic began. World Bank described it as the largest, fastest and most broad based amounting to 230 percentage of the Global GDP. ...
A weak Inspection Panel will render the last institutional mechanism for communities to hold the World Bank accountable, ineffective.
The process of the World Bank reforming the Inspection Panel (IPN) to adapt it to the changing environment, the newly adopted Environmental and Social Framework (ESF) started in 2017 but, the changes that they...
Indian groups reject World Bank’s concept note for World Development Report 2021: “Data for better Lives”
The annual World Development Report (WDR) is a flagship publication of the World Bank. The 2021 WDR report is in the process of being drafted and is titled “Data for Better Lives”. The Bank...
Disaster Funding and COVID-19 response of MDB’s in India
Over the years increasingly institutions like World Bank and other MDBs have started using post-disaster situations and climate change as an opportunity to bring in policy reforms. Post disaster rehabilitation and recovery programmes provide...
Lessons Not Learnt- The World Bank’s disturbing push to privatise Indian education
In September 2018, the Indian government unveiled a massive three-billion-dollar project—Strengthening Teaching-Learning and Results for States, or STARS— designed in collaboration with the World Bank to improve the country’s education system. While 85 percent...
Learning from 10 years of campaigning on financial intermediary lending at the International Finance Corporation
Civil society organizations from around the world have been campaigning and advocating for a more responsible, human rights-oriented, and sustainable development finance model.Multilateral Development Banks (MDBs) lend money to governments and private actors in...
A Big Win- IFC World Bank to Freeze Investment in For-Profit Schools
Recently, a piece of good news has appeared that World Bank Group’s International Finance Corporation (IFC) upholding the right to education in an official commitment and decided to freeze investments in private for-profit pre-primary,...
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