From October 9 to 15, the International Monetary Fund and the World Bank Group (IMF-WBG) held its Annual Meetings in Marrakech, Morocco. With the theme, “Global Action, Global Impact”, the events aimed to bring together Bank and Fund officials, states, other multilateral development bank (MDB) representatives, CSOs, and the private sector to discuss matters critical to advancing development finance, policies, and other bank processes. Throughout the Meetings, discussions on private finance, climate, the World Bank

This article was originally published in südostasien, a German magazine focused on amplifying voices on and from Southeast Asia on economic, political, and cultural issues. Read the piece in German here. by Tala Batangan, Reality of Aid-Asia Pacific The urban poor, rural and coastal communities of Southeast Asia are exposed to the threats of climate change, such as extreme weather events and rising sea levels. Disproportionately impacted by the climate emergency, countries in the region suffer

Last September 25 to 26, the Asian Infrastructure Investment Bank (AIIB) held its eighth annual meeting at Sharm El-Sheik, Egypt. With the theme, “Sustainable Growth in a Challenging World”, the bank stressed on the role of multilateralism in order to address the interconnected economic, political and developmental challenges the world faces today. Discussions were organized along three thematic streams: sustainability, connectivity, and multilateral cooperation, highlighting the role of the bank to mobilize financing for infrastructure

At the midpoint of the Agenda 2030, only 15% of the targets are on track. In the Asia-Pacific, this translates to compounded impacts of the pandemic on health and economic systems, debt burden on the poorest, worsening conflict, deterioration of social protection systems, violation of basic human rights, and incapacity to address the climate crisis. Recognizing that the world is nowhere near in achieving its sustainable development targets, the SDG Summit is convened by the

In time for the 8th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB), Recourse, Inclusive Development International, and Accountability Counsel launched a research, Roadblocks to Accountability: Addressing the accessibility crisis in the Asian Infrastructure Investment Bank’s review of its Project-affected People’s Mechanism. Reality of Aid-Asia Pacific, along with other civil society organizations from the region, endorse the research. Download the research here. In 2019, the AIIB established its accountability mechanism, the Project-affected People’s Mechanism (PPM),

The United Nations Special Rapporteur on the right to development released a call for inputs on reinvigorating the right to development and the role of business in realizing the right to development in the context of the Agenda 2030 and human rights instruments. With this, the Reality of Aid-Asia Pacific submitted an input which highlights how the current framework of Agenda 2030 fails to address the multi-dimensional crises and structural inequalities that hinder the realization