World Bank and IMF: How member states ar • Table.Briefings

Ajay Banga, Präsident der Weltbank — World Bank President Ajay Banga receives praise for the reforms to date. At the same time, observers warn that the major unresolved issues need to be addressed.

At the annual meeting of the World Bank and IMF, observers and NGOs praise the reform efforts – and warn that this momentum is dwindling. The member states should provide more money, but there is little sign of this. Germany and the ECB also continue to reject an important lever for more climate financing.

The reform of the World Bank and International Monetary Fund (IMF) towards more climate protection has made some progress in recent months and years. However, at the annual meeting of the two financial institutions (Oct. 21-26), critics are complaining that the reform is progressing too slowly and neglecting important solutions. Observers also fear that the ambition to reform the institutions could wane among the key member states. In addition, a possible election victory of Donald Trump as US President would weaken the two financial institutions. And the German Federal Ministry of Finance continues to reject the use of special drawing rights for climate financing.

World Bank and IMF: How member states are slowing down the reform process

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