IFIwatchnet is a groundbreaking initiative in international NGO networking, currently in its sixth year of operation. It connects organisations worldwide which are monitoring international financial institutions (IFIs) such as the World Bank, the IMF, and regional development banks. Formed in response to a call by civil society groups to maximise the effectiveness of their communications and networking efforts, it is rapidly developing into a key tool for ever increasing degrees of collaboration between IFIwatching groups at national, regional and international levels. With nearly 60 organisations from 35 different countries in every region of the world, it has huge potential to increase the ability of civil society to make global governance institutions accountable to the people they serve. IFIwatchnet is not an NGO and it does not undertake monitoring or campaiging work itself, rather it supports the work undertaken by its participants. It aims to:

• Pool independent information about IFIs from a broad range of civil society sources and make it easier for people to find what they need;
• Improve communication between IFI-watchers, increasing mutual awareness of outputs and collaboration on activities;
• Increase the efficiency and effectiveness of IFI watching organisations through new information sharing approaches

IFIwatchnet participant organisations monitor one or more of these global and regional IFIs:

• African Development Bank (ADB-Africa)
• Asian Development Bank (ADB-Asia)
• European Bank for Reconstruction and Development (EBRD)
• European Investment Bank (EIB)
• Inter-American Development Bank (IADB)
• International Monetary Fund (IMF)
• World Bank Group (WBG)

See also:

• IFIwatchnet Objectives