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Summary The International Monetary and Financial Committee ( IMFC ) has failed to issue a joint communiqué since the Annual Meetings in October 2021, before the war in Ukraine. The IMFC is the direction-setting body of finance ministers and central bank directors for the IMF. The IMFC communiqué usually sets out the consensus position about the direction of the Fund and key reforms. Individual ministerial statements to the IMFC, often revealing the true differences of opinion amongst t...
Summary Formed in 2015, the V20 Finance Ministers is a dedicated cooperation initiative of economies systematically vulnerable to climate change. It is currently chaired by the Republic of Ghana. The V20 Finance Ministers membership stands at 68 economies representing some 1.74 billion people. The V20’s Spring Meetings communiqué was issued after their ministerial meeting on 16 April.
Summary The Group of Twenty (G20) is an informal forum in which the world's major economies discuss global financial and development issues. The G20 is made up of 19 countries and the European Union. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. Since December 1 st 2023, Brazil holds the Presidency of the G20, w...
Summary The G24 is a grouping of some of the most influential developing country members of the World Bank and IMF. It includes G20 countries such as India, Argentina, Brazil, Mexico and South Africa, as well as low-income countries with less influence over the institutions. The G24 communiqué is traditionally the first statement of the IMF and World Bank Spring and Annual Meetings.
Summary Global North intransigence, geopolitical tensions and breakdown of multilateralism continue to block IFI reform Tension between scaling up finance and governance reform at BWIs persists Civil society marched in protest demanding debt cancelations to address the climate crisis, cancelation of IMF surcharges, and ending harmful conditionalities that push countries into austerity
