Eye on the IFIs

U.S. Blasted on Failure to Ratify IMF Reforms

While Republicans complain relentlessly about U.S. President Barack Obama’s alleged failure to exert global leadership on geo-political issues like Syria and Ukraine, they are clearly undermining Washington’s leadership of the world economy.

“Sanitation for All” a Rapidly Receding Goal

World leaders on Friday discussed plans to expand sustainable access for water, sanitation and hygiene, focusing in particular on how to reach those in remote rural areas and slums where development projects have been slow to penetrate.


U.S. Urged to Push World Bank on Human Rights Safeguards

Rights advocates and community leaders, together with some U.S. lawmakers, are urging the United States to take a more robust role in pushing the World Bank to explicitly incorporate human rights into policies that dictate how and when the bank can engage in project lending and technical assistance.

World Bank, IMF Urged to Act on New Inequality Focus

Global income inequality threatens economic and social viability, according to a World Bank report released Thursday, reiterating a new but increasingly forceful narrative from both the bank and International Monetary Fund (IMF).

OP-ED: The World Bank’s Waste of Energy

The World Bank’s job is to fight poverty. Key to lifting people out of poverty is access to reliable modern energy. It makes sense.

IFC-Negotiated Privately Run Hospital Sapping Lesotho Budget

The world’s first hospital to be built and run in a developing country under a public-private partnership is taking up more than half of the health budget in Lesotho, according to new estimates, diverting resources from populations outside of the capital.

World Bank to Double Lending to Middle-Income Countries

The World Bank is aiming to double its lending to middle-income countries over the coming decade, in addition to expanding its overall commitments to some 70 billion dollars a year.

World Bank Clears Congo’s Controversial Dam Project

The World Bank Thursday approved a 73.1-million-dollar grant in support of a controversial giant dam project in the Democratic Republic of the Congo (DRC).

Carbon-Cutting Initiative May Harm Indigenous Communities

Civil society and advocacy groups are warning that a prominent carbon-reduction initiative, aimed at curbing global emissions, is undermining land tenure rights for indigenous communities, putting their livelihoods at risk.

U.S. Ukraine Aid Frustrated by IMF Reform Debate

Despite pressure from the Barack Obama administration, Ukraine’s new prime minister, and a veritable who’s who in Washington’s foreign policy and financial establishment, Congress adjourned Friday for a 10-day recess without approving emergency assistance for an increasingly beleaguered and economically bereft Ukraine.

IMF Urges Redistribution to Tackle Growing Inequality

The International Monetary Fund (IMF) is wading strongly into the global debate over the impact of growing income inequality, offering a series of controversial findings that push back on long-held economic orthodoxy – of which the fund itself has long been a key proponent.

Arab NGOs Warn IMF Against Sharp Cuts to Subsidies

Civil society activists from five Arab countries are urging the International Monetary Fund (IMF) to ease pressure on their governments to reduce food and fuel subsidies until stronger social-protection schemes and other basic reforms are implemented.

Indoor Mini-Farms to Beat Climate Change

Industrial engineer Ancel Bhagwandeen thinks that growing your food indoors is a great way to protect crops from the stresses of climate change. So he developed a hydroponic system that “leverages the nanoclimates in houses so that the house effectively protects the produce the same way it protects us,” he says.

G20 Urges U.S. Action on IMF Reforms by April

The Group of 20 (G20) industrialised and emerging economies on Sunday formally expressed frustration with the ongoing inability of the United States to approve a major reform package that would see governance at the International Monetary Fund (IMF) shift more towards developing countries.

DRC Mega-Dam to Be Funded by Private Sector, Groups Charge

Watchdog groups here are warning that a deal has been struck that would see Chinese investors fund a massive, contentious dam on the Congo River, the first phase of a project that could eventually be the largest hydroelectric project in the world.


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