Recommended resources on the World Bank and IMF 2022

REPORTS

Our future is public: Why the IMF and World Bank must support public services
Eurodad, 12 October 2022
This report argues that worldwide monetary establishments such because the World Financial institution and the IMF aren’t doing sufficient to guard public companies, regardless of their rhetoric arguing the alternative. It’s time for a brand new method, and a break with the errors of the previous.

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The care contradiction: The IMF, gender and austerity
ActionAid, 10 October 2022
This report exposes the devastating affect public sector cuts are having on girls in low-income nations, who face a triple risk of dropping entry to companies, having fewer alternatives to entry first rate work and being pressured to tackle the rising burden of unpaid care work.

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Paris Alignment Principles: What international finance institutions need to do to align financial intermediary investments with Paris and tackle climate change
Recourse, BankTrack, Heinrich Boell Basis Washington DC, Oil Change Worldwide, and TrendAsia, 10 October 2022
The report highlights ideas and actions that Worldwide Monetary Establishments (IFIs) want to watch in an effort to align their monetary middleman investments with the targets of the Paris Settlement on local weather change.

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PPPs in energy infrastructure: regional experiences in light of the global energy crisis
Heinrich Boell Stiftung Washington DC, Brot für die Welt, Bretton Woods Challenge, Eurodad, IBON Worldwide, Afrodad, Latindadd, 6 October 2022
This report is a part of a joint publication coordinated by Bread for the World and the Heinrich Böll Stiftung (Washington DC Workplace) which incorporates regional experiences from Cameroon, Ghana, Kenya, Zimbabwe, India, Indonesia, The Philippines and Peru. It presents the state of play of public-private partnerships within the power sector and demonstrates why they’re a dangerous enterprise.

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End Austerity: A global report on budget cuts and harmful social reforms in 2022-25
Isabel Ortiz, Matthew Cummings, 28 September 2022
This report exposes the risks of a post-pandemic austerity shock, much more untimely and extreme than the one which adopted the worldwide monetary disaster.

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Our Last and Only Resort: What happens when development goes wrong in the Middle East and North Africa
Accountability Counsel & Arab Watch Coalition, 27 September 2022
This report illuminates the obstacles to community-led accountability for the hurt brought on by improvement finance within the Center East and North Africa (MENA), the area with each the bottom quantity of community-driven complaints to worldwide accountability mechanisms (IAMs) and the bottom fee of outputs from complaints filed. The authors search to know why complaints on this area fall brief relative to others and what could be executed to enhance accessibility and efficacy of IAMs for impacted communities, in MENA and past.

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Food security and gender equality: A synergistic understudied symphony
CARE Worldwide, 27 July 2022
The aim of this research is to discover the correlation between gender inequality values and meals safety scores worldwide mixed with present literature and wealthy research on the hyperlinks between gender and meals in particular contexts to create highly effective insights on the necessity that the world wants to provide, publish, and use extra constant knowledge on gender equality and meals.

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How can the World Bank improve child protection through its Covid-19 Social Protection response?
Financial institution Data Heart, 11 July 2022
On this report, BIC analysed 55 Covid-19 social safety tasks for baby safety. The evaluation revealed that whereas sure tasks exhibited a lot of promising practices, the Financial institution has not persistently built-in baby safety into nor prioritized baby safety programs strengthening in its Covid-19 social safety tasks.

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Framing Feminist Taxation vol. 2
International Alliance for Tax Justice, 23 June 2022
This publication focuses on taking a feminist method to the tax system, written for people, civil society organisations and practitioners working in tax justice and gender equality. It presents instruments to evaluate the gender bias within the present tax system and tips on how to advocate for a feminist tax framework – a tax system that upholds human rights and allows substantive gender equality. Quantity 2 along with Quantity 1 illustrates what a gender-responsive taxation framework seems to be like, gives analytical instruments and discusses the case research of Uganda.

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6 steps the IMF should take to stop enabling fossil fuels around the world
Mates of the Earth, Gender Motion, Urgewald, Recourse, and Oil Change Worldwide, 22 April 2022
In keeping with this briefing, the IMF should cease undermining nations’ simply transition away from fossil fuels in an effort to align with its personal local weather targets and shareholders’ local weather agendas.

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Special Drawing Rights: The right tool to use to respond to the pandemic and other challenges
Heart for Financial and Coverage Analysis, 20 April 2022
This paper seems to be on the accessible proof of how SDRs reserve belongings issued by the IMF have been used, since August, by creating nations. That is of explicit significance on condition that policymakers within the US, which has probably the most highly effective voice of any nation on the IMF and a veto on many main Fund choices, have been voicing help for an additional allocation.

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Special Drawing Rights: Can the IMF’s reserve currency become a transformative financial resource?
Eurodad, April 2022
This briefing takes inventory of the dialogue on tips on how to channel unused SDRs from wealthy to creating nations and assesses the totally different options proposed to date.

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Proposal for a United Nations Convention on Tax
Eurodad, March 2022
Tax-related illicit monetary flows proceed to price nations a whole bunch of billions of {dollars} in misplaced tax revenue yearly. This doc incorporates a proposal for what a UN Conference on Tax may seem like.

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Lessons for a feminist Covid-19 economic recovery: Multi-country perspectives
Gender and Improvement Community (GADN), March 2022
Written in collaboration with feminists and ladies’s rights organisations in 4 nations, Argentina, India, the Philippines and Uganda, this report examines among the coverage measures enacted by governments in response to the Covid-19 pandemic, and the impacts of these insurance policies on gender equality and ladies’s financial rights. Daring motion by native, nationwide and worldwide decision-makers should: Defend and promote democratic, participatory decision-making; apply intersectional feminist analyses in policymaking; and undertake various feminist financial proposals.

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Missing receipts: Where did international finance institutions’ Covid-19 funding go
Coalition for Human Rights in Improvement, January 2022
Lacking Receipts is a brand new collaborative analysis mission that analyses IFIs’ function – and their failings – within the pandemic restoration. The report makes an attempt to piece collectively the lacking receipts from the IFI-funded Covid-19 response and identifies concrete suggestions for present interventions, in addition to important questions for the continuing pandemic response, the restoration and any future world disaster financing.

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Inequality kills: The unparallel action needed to combat unprecedented inequality in the wake of Covid-19
Oxfam, January 2022
The wealth of the world’s 10 richest males has doubled because the pandemic started. The incomes of 99 per cent of humanity are worse off due to Covid-19. Widening financial, gender, and racial inequalities – in addition to the inequality that exists between nations – are tearing our world aside. This isn’t by probability, however alternative: “Financial violence” is perpetrated when structural coverage decisions are made for the richest and strongest individuals. This causes direct hurt to us all, and to the poorest individuals, girls and ladies, and racialized teams most. Inequality contributes to the dying of a minimum of one particular person each 4 seconds. However we are able to radically redesign our economies to be centered on equality.


BRIEFINGS & POLICY BRIEFINGS

The Assault of Austerity: How prevailing economic policy choices are a form of gender-based violence
Oxfam, November 2022
This briefing paper argues that austerity measures are a type of gender-based violence in opposition to girls, ladies and non-binary individuals, and lays out clear examples of how fiscal consolidation impacts them. Its core argument is that ending austerity should be a precedence. Austerity takes away from those that want it most, whereas ignoring common sense methods to enhance each income and prosperity. The paper goes on to share feminist financial alternate options supply pathways that may shield the Majority World from fully avoidable struggling.

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The debt and climate crises: Why climate justice must include debt justice
Debt Justice, October 2022
This paper pulls collectively key info on the debt and local weather disaster nexus, and descriptions coverage positions on options with suggestions for coverage makers to behave.

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No voice for the vulnerable: Climate change and the need for quota reform at the IMF
International Improvement Coverage Heart, 11 October 2022
This paper illuminates how decision-making energy is distributed throughout the IMF, in addition to the implications of the quota share on the IMF’s lending practices, price constructions and distribution of newly allotted reserves. The paper finds local weather weak nations have negligible formal decision-making energy over how the IMF frames its insurance policies round local weather.

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Meeting the moment: The IMF, debt-for-climate swaps and development
International Improvement Coverage Heart, 4 October 2022
In August 2022, Worldwide Financial Fund (IMF) economists launched a working paper on debt-for-climate swaps that weighs the varied varieties of debt-for-climate linkages which were proposed and carried out by these varied actors. In response, a brand new coverage transient from the Process Drive on Local weather, Improvement and the IMF evaluates among the areas outlined on this paper and highlights how the IMF can construct on it to advance a complete instrument.

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Unaccountable accounting: The World Bank’s unreliable climate finance reporting
Oxfam, 3 October 2022
Regardless of being the biggest multilateral supplier of local weather finance, the World Financial institution provides very little proof to help its claims in regards to the quantity of local weather finance it gives. Oxfam has tried to recreate the Financial institution’s reported local weather finance figures utilizing public info for tasks within the Financial institution’s FY2020. Oxfam discovered that the Financial institution’s present local weather finance reporting processes are such that its claimed ranges of local weather finance can’t be independently verified and might be off by as a lot as $7bn, or 40 per cent.

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Aligning finance with the green transition: From a risk-based to an allocative green credit policy regime.
Kedward, Okay., Gabor, D. and Ryan-Collins, J. UCL Institute for Innovation and Public Function, Working Paper Collection (IIPP WP 2022-11), 25 June 2022
This paper units out a brand new framework for monetary coverage in relation to the inexperienced transition, adapting post-war credit score steering approaches for a contemporary, market-based monetary system.

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Advocacy on monetary policies for economic justice: A handbook for civil society
WEMOS, 13 Might 2022
This handbook goals to facilitate additional exploration by civil society within the realm of financial coverage; usually organizations discover fiscal coverage choices, however only a few discover financial insurance policies, or the linkages between financial and financial insurance policies. Partly, it’s because financial insurance policies have been relegated to a purely technical difficulty, slightly than a political one. However this additionally displays a lack of knowledge of alternate options to the primary neoliberal financial fashions.

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GEM: A starter kit on gender and macroeconomics
IWRAW, 29 April 2022
This starter equipment goals to demystify and problem the macroeconomic insurance policies which might be very a lot inside our attain. The briefing goals to encourage extra girls’s rights organisations to look into macroeconomic insurance policies and their results and incorporate this evaluation into the work they’re endeavor.

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Debt justice for climate reparations
Local weather & Group Challenge, 20 April 2022
Constructing on dialogues with local weather and debt justice motion companions together with Third World Community and 350Africa.org, scholarly analysis, and the overarching goals of the Inexperienced New Deal, this report outlines key financial and environmental points and gives US-targeted coverage suggestions. Reparations campaigns together with the Caribbean Reparations Fee and the Latin American Pacto Ecosocial del Sur have explicitly known as for debt cancellation as a facet of reparation; this report amplifies these voices and foregrounds debt as a local weather difficulty for actions and coverage makers within the US.

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Behind the numbers: a dataset exploring key financing and fiscal policies in the IMF’s Covid-19 loans
Oxfam, 19 April 2022
To reply to the outbreak of the Covid-19 pandemic, the Worldwide Financial Fund (IMF) has dedicated its $1 trillion lending capability and as of March 15, 2022, had supplied $171 billion value of economic help to 90 nations all over the world. Oxfam has tracked and reviewed the publicly accessible IMF Covid-19 mortgage paperwork related to all 130 loans made to those nations as of March 15 2022.

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10 essentials for a ‘Truly Green’ Green Equity approach reviewing the GEA as a step towards IFC Paris Alignment
Recourse, Oil Change Worldwide, Gender Motion, Centre for Monetary Accountability, Mates of the Earth US, Heinrich Boell Stiftung Washington DC, CIEL, Inclusive Improvement Worldwide, TrendAsia, Financial institution Observe, and Bretton Woods Challenge, 13 April 2022
In 2020, the Worldwide Finance Company revealed its ‘Method to Greening Fairness in Monetary Establishments’ (Inexperienced Fairness Method or GEA). The GEA dedicated the IFC to finish fairness investments in monetary establishments that wouldn’t have a plan to section out coal-related investments by 2030. Whereas the GEA represents a welcome, if slim, alternative to section out coal financing by 2030, a lot continues to be to be desired for the GEA to align IFC’s fairness funding portfolio with the Paris Settlement on local weather change.

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First crisis, then catastrophe
Oxfam, 12 April 2022
Until G20 leaders, the IMF and the World Financial institution act instantly, crises of inflation, inequality and Covid-19 might push over 1 / 4 of a billion extra individuals into excessive poverty in 2022.

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What kind of economic growth do women need? Proposals for development with a gender perspective in Latin America and the Caribbean
Latindadd, 3 Might 2022
This report (in Spanish, English, and Portuguese) argues that advancing in direction of gender equality and the well-being and emancipation of girls requires patterns of financial development inherently totally different from these prevailing in Latin America within the 21st century. The post- Covid restoration requires a structural transformation of the situations for financial development, and a transfer away from specializing in GDP as a measure of improvement outcomes.

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Policy transformations in times of Covid-19
Improvement Alternate options with Ladies for a New Period (DAWN), all through 2022
The worldwide financial and well being disaster ensuing from the Covid-19 pandemic has acted as a catalyst exacerbating inequalities inside and between nations within the International South and International North. It has additionally accelerated political and coverage modifications. With a collection of 12 nation case research all through 2022, DAWN carefully examines coverage modifications that occurred through the interval of exceptionality produced by the pandemic, exploring visions of the long run in these 4 coverage areas: Macroeconomics; labour insurance policies and staff’ rights; migration and human mobilities; and care and social safety.


 

JOURNAL ARTICLES, BOOKS & BLOGS

World Bank and IMF must recognize and challenge austerity dogma as a form of gender-based violence
BWP for Oxfam, 25 November 2022
This weblog submit discusses how austerity insurance policies promoted by IMF and World Financial institution are a sexist and racist type of gender-based violence. To sign a transformative and elementary shift within the Financial institution and Fund’s dedication to gender equality, their language and motion should replicate the violent nature of austerity, and a severe effort to pursue the insurance policies wanted for a really inclusive and simply restoration.

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Is the IMF fit for purpose?
The Guardian, 1 November 2022
Because the world faces the worst debt disaster in many years, the necessity for a worldwide lender of final resort is clearer than ever. However many countries view the IMF as overbearing, and even neocolonial – and are actually trying elsewhere for assist.

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Gendered austerity and embodied debt in Ecuador: Channels through which women absorb and resist the shocks of public budget cuts
Bhumika Muchhala & Andrea Guillem, 31 August 2022
This paper examines the dynamics and implications of gendered austerity in Ecuador within the context of the fiscal consolidation framework beneficial within the nation’s Worldwide Financial Fund (IMF) mortgage programme, by way of three channels. First, that of the general public well being sector and the experiences of girls public well being staff. Second, that of unpaid care work and important augmentations in home-based well being care of relations in addition to training help. And third, will increase in client debt incurred by girls by way of extractive short-term lenders.

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IMF’s surcharges as a threat to the right to development
Juan Pablo Bohoslavsky, Francisco Cantamutto & Laura Clérico, 23 August 2022
This text focuses on the implications of the IMF’s surcharges insurance policies, collectively with its de facto most well-liked creditor standing, on the best to sustainable improvement of sovereign debtors. The article argues that, whereas surcharges aren’t efficient in limiting entry to IMF credit score, they inequitably distribute the IMF’s working prices, are disproportionate, pro-cyclical, very pricey for creating nations, and non-transparent.

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The gendered impacts of the IMF’s harmful surcharges policy
Christina Laskaridis, CEPR, 15 April 2022
Forward of the 2022 IMF Spring Conferences, the writer addresses among the false rationale behind surcharges, after which check out one among their understudied impacts: Their disproportionately dangerous results on girls and ladies.

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IMF/World Bank: Targeted safety net programs fall short on rights protection
Human Rights Watch, 14 April 2022
A Human Rights Watch evaluation of 16 nations, together with of aid particular to the pandemic, discovered that focused applications excluded hundreds of thousands of people that had been in want of social safety to guard their rights, leaving them with out sufficient meals and with different issues. The World Financial institution and IMF ought to undertake a unique method that facilitates common social safety.


 

OPEN LETTERS, STATEMENTS & PRESS RELEASES

Open civil society letter on WBG gender strategy update
20 December 2022
This letter was addressed to Hana Brixi, International Director for Gender, and the World Financial institution Group’s Government Administrators. It known as for an open and sturdy public session on the World Financial institution’s forthcoming Gender Technique replace as the present FY16-23 technique involves an finish, citing considerations that previous Financial institution session processes had been inadequate and tokenistic.

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Response from the Global Coalition for Social Protection Floors to the World Bank’s new Strategy for Social Protection
16 November 2022
With this assertion, the International Coalition for Social Safety Flooring (GCSPF), representing greater than 120 civil society organisations and commerce unions from everywhere in the world, intends to react to the World Financial institution’s new technique for social safety, revealed beneath the title “Charting a course in direction of common social safety: Resilience, fairness, and alternative for all.”

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Letter to the MDBs: Paris Alignment @COP27 can’t wait
The Large Shift International, 7 November 2022
Open letter on 1.5°C pathway: Elevating ambition within the Joint Multilateral Improvement Financial institution (MDB) Paris alignment framework.

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Feminists strongly reject the International Monetary Fund gender strategy
13 October 2022
A bunch of feminist organizations, networks, allies and people, despatched a letter to the IMF denouncing the Worldwide Financial Fund’s technique towards mainstreaming gender.

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CSOs call for a major new general issuance of at least $650 billion worth of debt-free Special Drawing Rights by the International Monetary Fund
7 October 2022
As the nice majority of the world’s nations had been struggling amid a number of historic, overlapping, and customarily worsening crises, 141 CSOs urged the world’s wealthiest nations to behave rapidly to help them by voting for a serious new issuance of SDRs.

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Recommendations to improve The World Bank’s accountability process from 57 civil society organizations
16 September 2022
Accountability Counsel, together with 56 different organizations, submitted suggestions for making the World Financial institution’s accountability course of more practical for communities harmed by World Financial institution tasks. They submitted 13 suggestions for bettering the World Financial institution Accountability Mechanism’s and Inspection Panel’s draft working procedures.

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CSOs call on G7 to bring an end to the IMF’s harmful surcharge policy
June 2022
Thirty-eight organisations revealed a joint assertion urging leaders to take motion to help the worldwide financial system by eliminating the IMF’s dangerous surcharge coverage.

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Invest in a greener and more inclusive human-centred recovery ILO tells World Bank and IMF
ILO, 21 April 2022
In a press release to the Annual Conferences of the IMF and the World Financial institution Group, ILO Director-Normal, Man Ryder, emphasised the urgency of fostering a human-centred restoration amid a fragile outlook for 2022.

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Civil society groups urge new $2.5 trillion allocation of IMF monetary reserves
April 2022
Sixteen civil society teams urged the Worldwide Financial Fund to difficulty $2.5 trillion in extra emergency reserves to assist creating nations nonetheless struggling to beat the Covid-19 pandemic and its financial affect.

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IMF surcharges are unfair, counterproductive and a threat to an equitable global economic recovery. They should be eliminated immediately.
April 2022
Greater than 250 civil society organisations and people ship a letter to the IMF highlighting deep considerations in regards to the Fund’s punitive charges on nations dealing with debt misery whereas struggling in opposition to the results of the pandemic. The letter notes that the Fund has ignored repeated appeals from improvement specialists, civil society teams, governments and nationwide legislators to urgently evaluation its observe of imposing surcharges on loans and urge it to noticeably think about the quick suspension or outright elimination of this coverage.

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Letter on the IMF gender strategy by UN Independent Experts and Special Rapporteurs
March 2022
A bunch of UN Unbiased Consultants and Particular Rapporteurs despatched a letter to the IMF’s Managing Director Kristalina Georgieva, offering preliminary reflections on the IMF’s gender technique from a human rights perspective earlier than it was introduced to the board. After an examination of the possibly dangerous penalties of gender-blind financial insurance policies, the letter issued suggestions to tell the technique and country-specific actions.

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Toward a gender-transformative agenda for climate and environmental action
WEDO, 6 March 2022
International feminists hereby put ahead an agenda for CSW66 that takes the chance to satisfy among the damaged guarantees of final 12 months’s UN local weather change convention (COP26), emphasizing the basic programs change and world transformations of governance and financial constructions required to defend our planet and its peoples from collective climate-induced catastrophe.

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