Serbia became the latest country to retire its debt to the IMF earlier than anticipated. The National Bank of Serbia paid out 15 March the final $230 million of debt that was not due for full repayment until 2010. The IMF’s credit outstanding is now just over $12 billion, 70 per cent of which is owed by Turkey. Rumours are circulating in Ankara that the government will end its IMF programme in advance of the November election. The government apparently canvassed the opinion of Turkish bankers on such a move. The Turkish prime minister has already committed to reduce Turkey’s IMF debt by about 30 per cent by year end.
Review maintains inadequate and inconsistent approach to economic and gender inequality, as well as climate change.
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The Bretton Woods Project is a UK-based NGO that challenges the World Bank and IMF and promotes alternative approaches. We serve as an information provider, watchdog, networker and advocate. Our flagship publications are the Bretton Woods Observer, a quarterly critical review of developments at the World Bank and IMF, the Dispatch, a biannual analysis of the World Bank and IMF Spring and Annual Meetings, and the NewsLens, a bi-weekly roundup of key news and critical viewpoints published about the World Bank and IMF.
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