The Development Committee met on 16 Oct, with the chair issuing a statement, instead of a communiqué, reflecting the priorities of the majority of shareholders. The Development Committee is a joint-interministerial committee of the boards of governors of the IMF and the World Bank. Its purpose is to advise the Bank and IMF of critical development issues and resources needed to promote economic development. The 2025 statement recycled old prescriptions, confirming that the Bank’s reform agenda remains rhetorical, risk-averse and detached from social or environmental justice.
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