View all articles

Finance

Credit: NY - http://nyphotographic.com/

Finance

Analysis

Development finance institutions and responsible corporate tax behaviour

Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.

10 November 2016 | Report
No tax havens! Credit: GUE/NGL Action in Plenary chamber

Finance

News

IFC's (ir-)responsible tax investment policy

Civil society organisations have demanded that the IFC develop a responsible tax policy that ensures that IFC investments are consistent with its development mandate and do not support companies utilising aggressive or abusive tax practices.

23 September 2016
IMF MD Lagarde in discussion with German finance minister Wolfgang Schäuble at April 2015 G20 meeting - credit: IMF

Conditionality

Analysis

IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal

IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.

23 September 2016
International Monetary Fund Managing Director Christine Lagarde meets with women leaders, January 2016 in Douala, Cameroon. 
IMF Staff Photo/Stephen Jaffe

Finance

News

IMF increasing its influence in sub-Saharan Africa

As the world economy continues to stutter, many sub-Saharan African countries are turning to the Fund for financial support, though the Funds are coming with strict conditions to restrict spending.

23 September 2016
Campaigners warn of ‘debt iceberg’ at Africa private finance summit, London, November 2015 - Credit: Jubilee Debt Campaign

Finance

Analysis

Public-private partnerships: The global debt iceberg?

Despite their popularity, PPPs have a very bad track record of delivering cost-effective investment for governments, and pose additional and serious problems by reducing transparency and accountability.

29 June 2016 | Guest analysis
Photo by: Yorgos Karahalis / AP

Finance

News

Third time a charm? Fund pressured into possible return to Greece

As Eurozone countries agree a new loan package to Greece, the IMF has conceded to ‘major concessions’ instead of up front debt relief and may participate in a new programme despite its insistence that the Fund's involvement in future programmes is dependent on ‘significant debt relief’.

29 June 2016
Supercell east of Elwood, Nebraska, May 29, 2008.

Finance

Analysis

What is left of the rise of the South?

While the recent reforms to the IMF and World Bank governance reforms and the establishment of new Southern-led IFIs are symbolically important, they are thus far not a rupture with the Western-dominated international financial architecture.

5 April 2016 | Guest analysis
Director Gerente del FMI , Christine Lagarde, con el Directorio Ejecutivo del FMI tras su voto reelección el 19 de febrero de 2016 Washington, DC . Foto personal del FMI / Stephen Jaffe

Finance

News

IMF reopening case for capital controls?

An IMF policy paper on the international monetary system considers its future policy on capital controls and proposes a review of the IMF's institutional view on the liberalisation and management of capital flows.

5 April 2016

Other news

IFI governance

Background

10 November 2016 | Minutes

UK civil society meeting with DFID: Annual meetings and IDA

Notes of a UK CSO meeting with DFID on the annual meetings and the IDA process 23 September 2016.

IFI governance

Background

7 October 2016 | Minutes

Recurring debt crises in sub-Saharan Africa and the rise of bond issuance

Notes from a side event at the IMF/World Bank 2016 annual meetings launching a new report on bonds issuance in Nigeria, Zambia and Ghana, followed by a panel discussion on government bonds as a debt issue.

IFI governance

Background

6 October 2016 | Minutes

The role of IFIs in assessing the impact of tax incentives and tax competition on inequality

Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the link between tax incentives, reduced revenue mobilization and inequality, as well as addressing tax capacity building efforts.

IFI governance

Background

6 October 2016 | Minutes

Stopping vulture funds through national anti-vulture laws

Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the issue of vulture funds from various angles, as well as possible solutions.

Finance

News

26 September 2016

World Bank withholds new lending for Uganda

The World Bank has announced that it is withholding new lending for Uganda, following the cancellation of a criticised road project.

Infrastructure

News

23 September 2016

World Bank suspends Inga dam funding

The World Bank has suspended funding for the much criticised Inga 3 hydro power project in the Democratic Republic of Congo.

IFI governance

Background

2 September 2016 | Minutes

UK civil society meeting with UK World Bank Executive Director Melanie Robinson

Notes of a meeting with UK World Bank Executive Director Melanie Robinson 21 July 2016.

Finance

News

29 June 2016

CSOs call on World Bank and Fund to transform Debt Sustainability Framework

NGOs have called on the Bank and Fund to ensure that states’ basic needs, rather than just ability to pay, is incorporated in their review of the Debt Sustainability Framework used to assess low income countries.