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Spring Meetings: Have the IMF and World Bank turned their backs on sustainable development?

Under pressure from the US - their biggest shareholder - the World Bank and IMF appear to be turning their backs on previous commitments to climate change and sustainable development. Told to “return to its core mission” the World Bank is now promoting ‘jobs creation’. But this turned out to be a repackaging and redoubling of its decade-old ‘from billions to trillions’ agenda, which its Chief Economist said ‘turned out to be a fantasy’. This does not show any meaningful attempt to address job creation or the quality of jobs. It is just a buzzword. […]