International Monetary Fund (IMF)

IFI governance

Analysis

Annual Meetings 2020 Preamble: IMF and World Bank frontload austerity and privatisation in Covid-19 recovery, while the world calls for more inclusive multilateralism

As the inability of Bank and Fund to adapt their policies in response to the Covid-19 pandemic becomes more evident, hope turns to the UN system and a radical restructure of the global international financial architecture.

12 October 2020

Rights

Analysis

Repairing harm caused: What could a reparations approach mean for the IMF and World Bank?

It is time for the IMF and World Bank to understand their own responsibility and decolonise their approach.

6 October 2020 | At Issue

Finance

Background

What types of financing does the IMF provide?

The IMF provides various types of loans to member governments. This background article explains how IMF lending works and sets out the differences between the main types of IMF lending.

7 October 2020 | FAQ

Finance

News

Argentina increases offer to bondholders after IMF claims “room for improvement”

Private creditors provided with IMF backing in Argentina negotiations as country enters into default.

16 July 2020

Conditionality

Commentary

An IMF bailout for Lebanon can make things worse

Amidst multiple financial and economic crises, a classic IMF intervention in Lebanon could exacerbate inequalities and social tensions.

6 October 2020 | Guest comment

Finance

Analysis

Over optimistic IMF forecasts risk dire consequences for Covid-19 response

As G20 gears up to take critical decisions on international financial response to Covid-19, the consequences of overly rosy IMF forecasts are potentially more costly than ever.

6 October 2020

Conditionality

News

Civil society raises alarm about IMF’s continued backing of austerity amidst pandemic

Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.

6 October 2020

Environment

News

World Bank and IMF lend support to mega-gas project in Mozambique, undeterred by growing risks

Despite growing focus on climate issues, both institutions have backed controversial Mozambique LNG project.

6 October 2020

Conditionality

Background

Fiscal space for universal health and social protection post Covid-19 pandemic: How to prevent austerity

Notes from the Civil Society Policy Forum Session on 2 October.

2 October 2020 | Minutes

Finance

Analysis

World Bank’s rating obsession will negate debt justice

The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.

12 August 2020 | At Issue

Finance

Analysis

The IMF and World Bank-led Covid-19 recovery: ‘Building back better’ or locking in broken policies?

Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.

16 July 2020

Conditionality

Analysis

The IMF’s role in the devastating impacts of Covid-19 – the case of Ecuador

IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.

16 July 2020 | Guest analysis