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.
World Without World Bank Action Week India - 5th to 9th April 2021 Context The World Bank and IMF are having their Spring Meetings(virtual) from the 5th to 9th April , 2021 where these institutions will go ahead and laud themselves for the achievement of dolling out billions of dollars for supporting economies through the …
Continue reading World Without World Bank: Action Week India – April 5 to 9, 2021
Action Week on World Bank Brings Together Social & Political Activists, Probing their Past and Demanding AccountabilityPress Release | October 16, 2020 New Delhi: A key message reverberating in the week long protest action was that a World Without World Bank is possible. Participated by people’s movements, civil society groups, senior political and social activists …
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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 Bank’s policies, interventions and impacts which negatively impacted the Indian economy as a whole, and in particular in some key sectors, …
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Action Week -India; 12th to 16th October, 2020 Context The World Bank Group (WBG) continues to be the lead Multilateral Development Bank defining development and reshaping policies and economies to fit the neo liberal agenda. COVID-19 has provided the Bank a window to reinvent its relevance through support to countries in fighting the pandemic. This …
The International Monetary Fund (IMF) released two updates in the month of June – first was the World Economic Outlook, titled A Crisis Like No Other, An Uncertain Recovery and another was the Financial Stability Report. These reports and updates are some of the most watched reports by economists, policymakers and businesses. The earlier Economic Outlook in …
Continue reading Updates from IMF: Forecast for Post-COVID Economy and Debt Levels
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 has shared the concept note for the Report for comments. As per the concept note, the World Development Report 2021 will …
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 institutions an easy entry with little resistance to the massive policy reforms that come along. Also, the language of resilience and …
Continue reading Disaster Funding and COVID-19 response of MDB’s in India
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, primary and secondary (k-12) schools. Currently, the whole world is facing the devastating impact of the COVID-19 pandemic and passing through …
Continue reading A Big Win- IFC World Bank to Freeze Investment in For-Profit Schools
Working Group on IFIs 