Jon Sward
@jonsward.bsky.social
I manage the Bretton Woods Project’s climate advocacy on the World Bank & IMF. Personal posts: Climate Justice ➡️ Economic Justice
https://www.brettonwoodsproject.org/
https://www.brettonwoodsproject.org/
This characterization of the IMF’s climate work as ‘woke’ and ‘far left’ is just plain wrong
The IMF’s fragmented approach to climate is embedded in its wider austerity-based advice - firmly rooted in Reaganomics. This has persistently failed to deliver economic stability
(Screenshot via NY Post)
The IMF’s fragmented approach to climate is embedded in its wider austerity-based advice - firmly rooted in Reaganomics. This has persistently failed to deliver economic stability
(Screenshot via NY Post)
September 12, 2025 at 2:45 PM
This characterization of the IMF’s climate work as ‘woke’ and ‘far left’ is just plain wrong
The IMF’s fragmented approach to climate is embedded in its wider austerity-based advice - firmly rooted in Reaganomics. This has persistently failed to deliver economic stability
(Screenshot via NY Post)
The IMF’s fragmented approach to climate is embedded in its wider austerity-based advice - firmly rooted in Reaganomics. This has persistently failed to deliver economic stability
(Screenshot via NY Post)
My take on SDRs reform at #FfD4 multi-stakeholder roundtable, ‘Reforming the international financial architecture and addressing systemic issues’
#SDRsPlaybook mandated by Compromiso de Sevilla must deliver a more just monetary system
@brettonwoodsproject.org @ceprdc.bsky.social @aausa.bsky.social
#SDRsPlaybook mandated by Compromiso de Sevilla must deliver a more just monetary system
@brettonwoodsproject.org @ceprdc.bsky.social @aausa.bsky.social
July 3, 2025 at 1:20 PM
My take on SDRs reform at #FfD4 multi-stakeholder roundtable, ‘Reforming the international financial architecture and addressing systemic issues’
#SDRsPlaybook mandated by Compromiso de Sevilla must deliver a more just monetary system
@brettonwoodsproject.org @ceprdc.bsky.social @aausa.bsky.social
#SDRsPlaybook mandated by Compromiso de Sevilla must deliver a more just monetary system
@brettonwoodsproject.org @ceprdc.bsky.social @aausa.bsky.social
Burundi’s speaker 🇧🇮 says the country strongly supports the call for a multilateral debt workout mechanism at the UN, as core to reforms to the international development system that supports Cs development priorities
#FfD4People
#FfD4People
July 2, 2025 at 2:42 PM
Burundi’s speaker 🇧🇮 says the country strongly supports the call for a multilateral debt workout mechanism at the UN, as core to reforms to the international development system that supports Cs development priorities
#FfD4People
#FfD4People
Axel van Trotsenburg of the World Bank says together with the IMF have tried to improve the G20 Common Framework… but admits it’s not good enough yet. He claims MICs can join the Common Framework if they ask. No clarity on timeline for completion of revised LIC DSF process its conducting with Fund
July 2, 2025 at 2:06 PM
Axel van Trotsenburg of the World Bank says together with the IMF have tried to improve the G20 Common Framework… but admits it’s not good enough yet. He claims MICs can join the Common Framework if they ask. No clarity on timeline for completion of revised LIC DSF process its conducting with Fund
At #FfD4 debt roundtable, @josephestiglitz.bsky.social says current global debt architecture is not fit for purpose, and that ineffective responses make problem worse - ceasing de facto bailouts of private creditors by World Bank and IMF, and new issuances of #SDRs, are among actions needed
July 2, 2025 at 1:31 PM
At #FfD4 debt roundtable, @josephestiglitz.bsky.social says current global debt architecture is not fit for purpose, and that ineffective responses make problem worse - ceasing de facto bailouts of private creditors by World Bank and IMF, and new issuances of #SDRs, are among actions needed
Credit rating agencies are at heart of an unequal international financial architecture says Bhumika Muchhala of @3rdworldnetwork.bsky.social
CRAs have developed a climate credit score, which inverts the polluter pays principle, preemptively punishing climate vulnerable Cs
CRAs have developed a climate credit score, which inverts the polluter pays principle, preemptively punishing climate vulnerable Cs
July 1, 2025 at 3:40 PM
Credit rating agencies are at heart of an unequal international financial architecture says Bhumika Muchhala of @3rdworldnetwork.bsky.social
CRAs have developed a climate credit score, which inverts the polluter pays principle, preemptively punishing climate vulnerable Cs
CRAs have developed a climate credit score, which inverts the polluter pays principle, preemptively punishing climate vulnerable Cs
Financing is a key issue in the lead-up to #COP30, with many Global North Cs seeking to abandon their historical responsibility to provide finance, says @rebeccathissen.bsky.social
‘If we are relying on private finance, we won’t meet any of the goals of the Paris Agreement’
#FfD4People
‘If we are relying on private finance, we won’t meet any of the goals of the Paris Agreement’
#FfD4People
July 1, 2025 at 3:26 PM
Financing is a key issue in the lead-up to #COP30, with many Global North Cs seeking to abandon their historical responsibility to provide finance, says @rebeccathissen.bsky.social
‘If we are relying on private finance, we won’t meet any of the goals of the Paris Agreement’
#FfD4People
‘If we are relying on private finance, we won’t meet any of the goals of the Paris Agreement’
#FfD4People
Mariana Paoli of @christianaiduk.bsky.social notes that much draft language on climate in #FfD4 outcome document
We need to push back against private finance narrative for climate finance - this is inappropriate for adaptation and Loss & Damage #FfD4People
We need to push back against private finance narrative for climate finance - this is inappropriate for adaptation and Loss & Damage #FfD4People
July 1, 2025 at 3:17 PM
Mariana Paoli of @christianaiduk.bsky.social notes that much draft language on climate in #FfD4 outcome document
We need to push back against private finance narrative for climate finance - this is inappropriate for adaptation and Loss & Damage #FfD4People
We need to push back against private finance narrative for climate finance - this is inappropriate for adaptation and Loss & Damage #FfD4People
Jason Braganza from Afrodad gives an analysis of what the Compromiso de Sevilla achieved on climate & debt
There is a worrying amount of emphasis on private financing
While we didn’t get language on a UN debt workout mechanism, #FfD4 has opened up number of fronts to fight for #DebtJustice
There is a worrying amount of emphasis on private financing
While we didn’t get language on a UN debt workout mechanism, #FfD4 has opened up number of fronts to fight for #DebtJustice
July 1, 2025 at 3:10 PM
Jason Braganza from Afrodad gives an analysis of what the Compromiso de Sevilla achieved on climate & debt
There is a worrying amount of emphasis on private financing
While we didn’t get language on a UN debt workout mechanism, #FfD4 has opened up number of fronts to fight for #DebtJustice
There is a worrying amount of emphasis on private financing
While we didn’t get language on a UN debt workout mechanism, #FfD4 has opened up number of fronts to fight for #DebtJustice
Fanning presents his joint research with @jasonhickel.bsky.social, highlighting that if carbon pricing was applied to Rich Cs overshooting their ‘fair shares’ of emissions to meet 1.5C - compensation would be $192tn by 2050, or $4tn annually. This puts a figure on Rich Cs climate debt
#FfD4
#FfD4
July 1, 2025 at 2:50 PM
Fanning presents his joint research with @jasonhickel.bsky.social, highlighting that if carbon pricing was applied to Rich Cs overshooting their ‘fair shares’ of emissions to meet 1.5C - compensation would be $192tn by 2050, or $4tn annually. This puts a figure on Rich Cs climate debt
#FfD4
#FfD4
At Climate & Debt side event at #FfD4, @andrewlfanning.bsky.social highlights unpaid climate debt of Global North, contrasted with the debts of the Global South that are crowding out finance for health and education
This is a world deeply out of balance, in terms of meeting human needs #FfD4People
This is a world deeply out of balance, in terms of meeting human needs #FfD4People
July 1, 2025 at 2:42 PM
At Climate & Debt side event at #FfD4, @andrewlfanning.bsky.social highlights unpaid climate debt of Global North, contrasted with the debts of the Global South that are crowding out finance for health and education
This is a world deeply out of balance, in terms of meeting human needs #FfD4People
This is a world deeply out of balance, in terms of meeting human needs #FfD4People
At side event on reform of credit rating agencies at #FfD4, Bhumika Muchhala of notes CRAs typically reward austerity - downgrades to Global South Cs have often occurred following announcement of public spending, ‘raising the question of how SDGs can be funded when this is punished by the markets’
July 1, 2025 at 1:03 PM
At side event on reform of credit rating agencies at #FfD4, Bhumika Muchhala of notes CRAs typically reward austerity - downgrades to Global South Cs have often occurred following announcement of public spending, ‘raising the question of how SDGs can be funded when this is punished by the markets’
Yungong Theophilus Jong of Afrodad says that Bretton Woods Institutions ‘have not delivered the development we are looking for’ in Africa over the last 80 years. The Lome Declaration, which supports a UN debt convention, shows African countries are ‘feeling the pinch’ in the current polycrisis
July 1, 2025 at 9:27 AM
Yungong Theophilus Jong of Afrodad says that Bretton Woods Institutions ‘have not delivered the development we are looking for’ in Africa over the last 80 years. The Lome Declaration, which supports a UN debt convention, shows African countries are ‘feeling the pinch’ in the current polycrisis
Patricia Miranda of @latindadd.bsky.social says #FfD4 was the chance to reform the Int’l Financial Architecture to make it more equitable, w/ debt being at the centre
‘Countries are not defaulting on their debt, but they are defaulting on their development’, by prioritising debt repayments
‘Countries are not defaulting on their debt, but they are defaulting on their development’, by prioritising debt repayments
July 1, 2025 at 9:13 AM
Patricia Miranda of @latindadd.bsky.social says #FfD4 was the chance to reform the Int’l Financial Architecture to make it more equitable, w/ debt being at the centre
‘Countries are not defaulting on their debt, but they are defaulting on their development’, by prioritising debt repayments
‘Countries are not defaulting on their debt, but they are defaulting on their development’, by prioritising debt repayments
Ivo Rubin, of Permanent Mission of Angola to the UN, says a binding agreement on debt at the UN is needed - and this would help rebuild trust in multilateralism. ‘We are not asking for impunity, we are asking for equity’
July 1, 2025 at 9:07 AM
Ivo Rubin, of Permanent Mission of Angola to the UN, says a binding agreement on debt at the UN is needed - and this would help rebuild trust in multilateralism. ‘We are not asking for impunity, we are asking for equity’
Sherine Elsaeed, of Permanent Mission of Egypt to UN, says current financing system isn’t working for developing Cs w/ many paying more in debt servicing than on social spending - this is why Africa Group pushed for UN multilateral process leading to a UN debt convention in the Compromiso de Sevilla
July 1, 2025 at 9:04 AM
Sherine Elsaeed, of Permanent Mission of Egypt to UN, says current financing system isn’t working for developing Cs w/ many paying more in debt servicing than on social spending - this is why Africa Group pushed for UN multilateral process leading to a UN debt convention in the Compromiso de Sevilla
Nuncio Gabriel Caccia, Permanent Rep of Holy See to the UN, explains the links between ethics, debt forgiveness & the Jubilee Year in 2025 - via a call to reset relations that have resulted in human suffering. ‘Debt is a part of this bigger picture in which we help those who have been wounded’
July 1, 2025 at 8:54 AM
Nuncio Gabriel Caccia, Permanent Rep of Holy See to the UN, explains the links between ethics, debt forgiveness & the Jubilee Year in 2025 - via a call to reset relations that have resulted in human suffering. ‘Debt is a part of this bigger picture in which we help those who have been wounded’
Kicking off now: CSO side event on the case for a UN debt convention
#FfD4People
@eurodadnews.bsky.social
#FfD4People
@eurodadnews.bsky.social
July 1, 2025 at 8:41 AM
Kicking off now: CSO side event on the case for a UN debt convention
#FfD4People
@eurodadnews.bsky.social
#FfD4People
@eurodadnews.bsky.social
Here at the opening plenary of #FfD4 World Bank President Ajay Banga just told the audience, ‘poverty is a state of mind’
Yes, really.
@danielagabor.bsky.social
Yes, really.
@danielagabor.bsky.social
June 30, 2025 at 9:15 AM
Here at the opening plenary of #FfD4 World Bank President Ajay Banga just told the audience, ‘poverty is a state of mind’
Yes, really.
@danielagabor.bsky.social
Yes, really.
@danielagabor.bsky.social
The report calls for key reforms at the IMF, including ending its austerity approach to maximise debt repayment; further reform of IMF surcharges; replenishing CCRT; establishing a fund backed by SDRs to repurchase debt - and expanded use of SDRs overall
CC @ceprdc.bsky.social @aausa.bsky.social
CC @ceprdc.bsky.social @aausa.bsky.social
June 20, 2025 at 9:32 AM
The report calls for key reforms at the IMF, including ending its austerity approach to maximise debt repayment; further reform of IMF surcharges; replenishing CCRT; establishing a fund backed by SDRs to repurchase debt - and expanded use of SDRs overall
CC @ceprdc.bsky.social @aausa.bsky.social
CC @ceprdc.bsky.social @aausa.bsky.social
Importantly, the report calls out the role of the World Bank and IMF in exacerbating the growing debt crisis, including through the promotion of austerity and PPPs/blended finance, which it says have created a new wave of contingent liabilities
CC @danielagabor.bsky.social
CC @danielagabor.bsky.social
June 20, 2025 at 9:32 AM
Importantly, the report calls out the role of the World Bank and IMF in exacerbating the growing debt crisis, including through the promotion of austerity and PPPs/blended finance, which it says have created a new wave of contingent liabilities
CC @danielagabor.bsky.social
CC @danielagabor.bsky.social
Breaking: USA has announced its withdrawal from final #FfD4 prepcom… & says it will not participate in Sevilla #FfD4 conference - citing a range of grievances with the final text 👀
The outcome document was adopted shortly after US withdrawal
webtv.un.org/en
financing.desa.un.org/finaldraftre...
The outcome document was adopted shortly after US withdrawal
webtv.un.org/en
financing.desa.un.org/finaldraftre...
June 17, 2025 at 8:11 PM
Breaking: USA has announced its withdrawal from final #FfD4 prepcom… & says it will not participate in Sevilla #FfD4 conference - citing a range of grievances with the final text 👀
The outcome document was adopted shortly after US withdrawal
webtv.un.org/en
financing.desa.un.org/finaldraftre...
The outcome document was adopted shortly after US withdrawal
webtv.un.org/en
financing.desa.un.org/finaldraftre...
✊ The Global South is leading - will the world follow?
Closed-door talks can't silence the call for #debtjustice at #FfD4
📌 Support Para 43 e alt2
📌 Back a UN Convention on Sovereign Debt
#FfD4People
Read more: ow.ly/yHk050W058B
@kajakallas.bsky.social @devex.com @josephestiglitz.bsky.social
Closed-door talks can't silence the call for #debtjustice at #FfD4
📌 Support Para 43 e alt2
📌 Back a UN Convention on Sovereign Debt
#FfD4People
Read more: ow.ly/yHk050W058B
@kajakallas.bsky.social @devex.com @josephestiglitz.bsky.social
May 29, 2025 at 2:38 PM
✊ The Global South is leading - will the world follow?
Closed-door talks can't silence the call for #debtjustice at #FfD4
📌 Support Para 43 e alt2
📌 Back a UN Convention on Sovereign Debt
#FfD4People
Read more: ow.ly/yHk050W058B
@kajakallas.bsky.social @devex.com @josephestiglitz.bsky.social
Closed-door talks can't silence the call for #debtjustice at #FfD4
📌 Support Para 43 e alt2
📌 Back a UN Convention on Sovereign Debt
#FfD4People
Read more: ow.ly/yHk050W058B
@kajakallas.bsky.social @devex.com @josephestiglitz.bsky.social