Press & Media

Activists placed a cutout of the Wall Street bull outside the World Bank Group office in Washington, D.C. to mark the delivery of petition signatures and a group letter asking President Ajay Banga to oust Wall Street influencers by abolishing his newly-created advisory body, the Private Sector Investment Lab.

We are writing to express concerns that the World Bank and IMF are failing to promote the human right to social security for all. We are proposing four policy changes that would advance the right to social security in line with human rights standards, and we would like to meet with you to explore how your office may support them.

As multiple crises exacerbate the financing needs of developing countries, we write to leaders gathering in COP28 to ask that they agree to the full deployment of new and existing Special Drawing Rights to help low- and middle-income countries meet the Paris Climate Agreement and Sustainable Development Goal agendas.

The letter was sent ahead of the IMF Executive Board meeting on 13 April 2022 as part of the Spring Meetings, at which the new planned IMF Resilience and Sustainability Trust (RST) for on-lending the Special Drawing Rights (SDRs) of rich countries will be discussed.