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Top brettonwoodsproject.org News

‘Village Banks’ Give Relief—World Bank
World Bank · Malawi

‘Village Banks’ Give Relief—World Bank

Village savings and loans groups or village banks have emerged as the primary source of borrowing for a majority of people to support food consumption amid deepening financial strain and limited financial inclusion, a World Bank report shows. New evidence from the World Bank’s 2024 Rapid Feedback Monitoring System contained in the July 2025 Malawi Economic Monitor, a biannual publication that dissects the country’s economic performance, shows th…See the Story
IMF and Milei - Partners in Argentina's Neoliberal Autocracy
Javier Milei · Argentina

IMF and Milei - Partners in Argentina's Neoliberal Autocracy

After seven years, and 20 agreements since 1956, under IMF programmes, Argentina remains in an economic crisis. Following a brief period without its presence, the IMF came back in 2018 in the midst of a crisis that has lasted ever since. President Javier Milei’s current orthodox government is implementing a regressive austerity plan that is at odds with international human rights law while the IMF reinforces its complicity. Milei’s government to…See the Story
The World Bank shareholding review – reform or ritual?
World Bank · Gaza

The World Bank shareholding review – reform or ritual?

As the World Bank Group embarks on its 2025 Shareholding Review, civil society organisations (CSOs) and policymakers alike are once again confronted with the familiar question: will this review lead to a meaningful realignment of power within the institution, or will it simply reproduce longstanding imbalances that have defined its governance structure for decades? (see Inside the Institutions, IMF and World Bank decision-making and governance).…Read Article

Sri Lanka and the IMF: Another stark example of the need for urgent debt restructure reform

The global economy stands at a critical crossroads, and Sri Lanka is no exception. The Trump administration’s policy priorities, from focusing narrowly on trade imbalances, downplaying the urgency of the climate crisis, and maintaining a deep faith in market-based solutions for social issues, are likely to compound challenges Sri Lanka already faces. The disproportionate economic influence of the United States, coupled with its normative power w…Economy · Sri LankaRead Article

Ghana's gas debt provides cautionary tale as World Bank reconsiders support for upstream gas projects

An April report from ActionAid Ghana and Netherlands-based civil society organisation SOMO provided a withering assessment of Ghana’s derailed development progress, following the discovery of offshore oil and gas in 2007 amid widespread World Bank support for the country’s gas development. The report comes as the World Bank board is reportedly reconsidering its 2017 decision to phase out investments in ‘upstream’ gas (see Observer Summer 2025, S…World Bank · GhanaRead Article

World Bank due to renew Fragility, Conflict and Violence Strategy in 2025

The World Bank’s new current Fragility, Conflict and Violence (FCV) Strategy is expected to be developed as the current strategy expires in 2025. The topic was discussed at the Spring Meetings, but no release date is publicly available yet. While some thematic focuses, such as climate change and gender, have become contentious in recent months (see Observer Spring 2025), FCV appears to be a point of consistent and even increasing focus for the B…World BankRead Article

World Bank energy strategy review considers reversing phaseout of support for gas production

World Bank President Ajay Banga launched a review of the Bank’s energy financing at the Spring Meetings. Following discussions by its executive board in June, the Bank has lifted its ban on nuclear energy, per Bloomberg reporting (see Observer Winter 2024), and is now debating support for ‘upstream’ gas projects. In 2017, the World Bank announced that it planned to phase out support for such projects (see Observer Spring 2018). As Bloomberg repo…Ajay Banga · Dar Es SalaamRead Article

Will the World Bank be a partner for a just energy transition in developing countries? - Bretton Woods Project

A fully formatted version of this article can be found here. Over the last five years, the World Bank has emerged as the leading development lender for energy generation, taking a role traditionally held by China. The Bank has heralded a potential new era of infrastructure lending, particularly in renewable energy, while China has been reducing its lending. But whether the World Bank can fully embrace its role as a partner for just energy transi…World BankRead Article

The IMF’s upcoming surveillance review

The IMF’s Comprehensive Surveillance Review (CSR), which will be conducted this year, occurs in a global context in which it is vital to ensure that countries have policy sovereignty, including the ability to take action on issues such as climate change and rising inequality. Surveillance is one of three main activities of the IMF – an annual macro-economic health check that is required for all IMF members (see Inside the Institutions, IMF Surve…IMFRead Article

New data reveal World Bank DPF ‘climate finance’ carries strong private sector bias, undermining a just transition - Bretton Woods Project

A new policy brief from the Bretton Woods Project (BWP) – A just energy transition deferred: How the World Bank counts pro-privatisation energy sector reforms as ‘climate finance’ – reveals how the World Bank is using its policy-based budget support to promote energy sector reforms that push for a private-led energy transition, while counting these measures as climate finance. The World Bank’s Development Policy Finance (DPF) is the institution’…World Bank · United StatesRead Article

G20 press conference and media statement analysis Spring Meetings 2025: lack of Chair's statement yet more evidence of challenges to global consensus - Bretton Woods Project

The Group of 20 (G20) failed to issue a Communiqué or Chair’s Statement after the second meeting of the G20 Finance Ministers and Central Bank Governors, which took place on 23 and 24 April on the sidelines of the IMF and World Bank Spring Meetings in Washington, DC. The South African Minister of Finance Enoch Godongwana and Central Bank Governor Lesetja Kganyago held a press conference on 24 April. The press conference was followed by a media s…G20 Summit · WashingtonRead Article

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