A new report shows that debt relief in Nicaragua is only partly going to poverty reduction. The expected relief from debt servicing for 2003 is nearly $214 million, however the national budget indicates that only $98.4 million was set aside for poverty reduction expenditure. The report says this is because the government is prioritising – with IMF support – internal debt payments to the private sector. Nicaragua is on the IMF’s Board agenda for June.
Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.
BWP publishes new booklet on gender-just macroeconomics, a guide to engaging the IMF and World Bank.
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