In August, the IMF published data on sovereign debt restructuring cases between 1950 and 2010, detailing pitfalls in the process including creditor holdouts and litigation, communication amongst stakeholders and the scope of debt relief in past restructurings. An August report by Canadian think tank Centre for International Governance Innovation (CIGI) highlights “pressing questions” in the way that international global institutions limit debt costs. The report, Sovereign debtors in distress: Are institutions up to the challenge?, finds that debt restructuring negotiations were not an “unmitigated success.” It recommends developing a legal framework for restructuring, examination of the template for collective action clauses and further scrutiny of whether the IMF is “optimally organised for crisis management”.
New IMF gender guidance opportunity for civil society to keep its staff to account.
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
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