Development Policy Financing is a lending instrument that supports targeted policy reforms and provides finance directly to a borrowing country’s general budget. DPF nudges countries towards neoliberal, financialisation reforms by conditioning budget support on the implementation of prior actions. It is criticised for risking undermining countries’ democratic ownership and for promoting reforms with adverse social and gender impacts. There is thus a need to discuss these shortcomings in the context of the COVID-19 recovery and suggest ways forward.
Hence, Bretton Woods Project, Gender Action, Recourse, the European Network on Debt and Development (Eurodad), The Reality of Aid Network, and Urgewald will hold the side event, “The World Bank’s Development Policy Financing – Implications for a just, green and feminist recovery” during the IMF-World Bank Annual Meetings 2021.
This side event will feature speakers from Gender Action, the Bretton Woods Project, the Reality of Aid Network, Sustainable Development Policy Institute, and Eurodad. Each speaker will be given a 7-10-minute intervention, followed by reaction from the World Bank and response from panelists. The floor will then be opened for questions and discussion. The organizers will synthesize the event and harvest key policy recommendations and possible collaboration points in terms of campaign work and advocacy strategy.
“The World Bank’s Development Policy Financing – Implications for a just, green and feminist recovery” will happen on September 29, 2021, Wednesday at 16:00 – 17:30 Central European Time, and is OPEN TO ALL. Watch the event live through this link.
The Civil Society Policy Forum (CSPF) is an integral part of the International Monetary Fund and World Bank Group Spring and Annual Meetings, with events organized by Civil Society Organizations (CSOs) to dialogue and exchange views with World Bank Group and IMF staff, their peers, government delegations, and other stakeholders on a wide range of topics.