The BRICS Summit took place on 24th June, 2022 with China as the chair. There are a lot of interesting developments taking place within and around the BRICS nations, and it is important that we analyze these developments from a people-centric lens. Every year a number of civil society organizations, trade unions and people’s movements …
Continue reading BRICS in 2022: Economic and Geopolitical Quandaries | Roundtable Discussion
A seminar on World Bank & International Finance: Legacy, Lessons & Current Struggles organized by Working Group on IFIs. 21st April 2022; New Delhi: A seminar was organised on the theme “World Bank & International Finance: Legacy, Lessons & Current Struggles” by the Working Group on IFIs and Financial Accountability Network as a part of …
Continue reading World without World Bank campaign commences | Press Release
World Without World Bank Date: 21st April, 2022 Venue: Seminar Hall II, Kamla Devi Complex, India International Centre, New Delhi Theme: World Bank & International Finance: Legacy, Lessons & Current Struggles Register to attend: https://forms.gle/AfGiUHjVjZCXgGGz8 Introduction The World Bank and IMF are having their Spring Meetings virtually from the 22nd to 24th of April, 2022 …
Continue reading World Bank & International Finance: Legacy, Lessons & Current Struggles
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 People’s Summit on BRICS from 18th to 22nd October, 2021.
18th -22nd October, 2021; India Register for organising panels on various thematic areas by 24th of September, 2021. The People’s BRICS Forum 2021 is being convened to articulate people’s agenda and learn from each other. As the People’s BRICS will be organised online, we encourage various progressive civil society organisations people’s movements and, trade unions …
Continue reading People’s Forum on BRICS: Call for participation & registration of panels
The 13th BRICS Summit, chaired by Indian Prime Minister Narendra Modi and attended by Brazil President Jair Bolsanaro, South African President Cyril Ramaphosa, Russian President Vladimir Putin, and Chinese President Xi Jinping was held in a virtual format yesterday. While the summit’s focus was on the pandemic, multilaterliam and counter terrorism, activists state that the summit was exclusionary, failing to address complex issues facing the world today and BRICS countries.
inning in the midst of the 2008 financial crisis, G20 started convening as an informal group of economically significant countries, now accounting for 85 percent of the world economy, 75 percent of global trade, and two-thirds of the world’s population, including more than half of the world’s poor and marginalized. The G-20 has the mandate to promote global economic growth, international trade, and regulation of financial markets. G20 along with Multilateral Development Banks shape the global financial architecture, with G20 being in a position to dictate the direction taken by IMF and MDBs.
Procedures for World Bank’s new accountability mechanism lacks transparency and inclusivity In a press release issued early last week, the World Bank has announced that the review of its independent accountability mechanism, the Inspection Panel, has been completed and that a few major reforms were added to the Inspection Panel. Accordingly, a new accountability mechanism – an …
A Case which made World Bank Legally Accountable On February 27, a year has passed since the Supreme Court of the United States ruled in a 7-1 judgment that World Bank does not enjoy absolute immunity. The judgment shook the foundations of the financial world, which hitherto enjoyed absolute immunity for whatever consequences their lending …
US Federal Court Rules in Favour of IFC in Tata Mundra Case: Fishworkers and Farmers to Challenge Decision. IFC hides it shame & guilt behind technicalities of jurisdiction Kutch, Gujarat / New Delhi: The fishworkers and farmers of Mundra affected by the Tata Mundra Power project will challenge the ruling from a federal judge in …
Working Group on IFIs 