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G7

Rights

News

A new SDR allocation: Combatting deepening fragility concerns

The links between high debt burdens, lack of climate finance, austerity and the rise in political instability and fragility, conflict and violence remain largely neglected as IMF shareholders consider calls for a new SDR allocation, as proposed by the Bridgetown Agenda.

8 December 2022

Finance

Commentary

Quota reform needed at IMF in order to address 21st century challenges

As economic conditions worsen and the Fund's legitimacy comes under increasing pressure, IMF leaders gathering for the Annual Meetings must make progress on ongoing review of IMF quotas and agree a more equitable formula and distribution of voting power.

4 October 2022 | Guest comment

Finance

Analysis

A new Bretton Woods for whom? Civil society calls for democratisation of global governance

As geopolitical tensions rise amidst worsening global economic conditions, civil society demands the democratisation of a world economic order away from the established Global North and elite capitalist hegemony.

21 July 2022

IFI governance

Analysis

Development Committee communiqué analysis - Annual Meetings 2021

The Development Committee communiqué was published on 15 October. It acknowledged an uneven and uncertain path to recovery, while it kept silent on the need for a TRIPS waiver of the Covid-19 vaccines and said little about the IMF’s new $650 billion allocation of SDRs.

19 October 2021

Finance

News

To support the global economy, G7 should call for IMF to remove harmful surcharges

CSOs urge the G7 to take action to support debt-distressed economies by calling for the International Monetary Fund (IMF) to immediately end its harmful surcharge policy.

23 June 2022 | Letters

IFI governance

Analysis

Gambling with our lives: Global emergencies expose consequences of decades of IMF and World Bank policies

Market-led policy approaches increasingly used to deal with both climate and health emergencies are failing to protect those most vulnerable.

14 December 2020 | At Issue

IFI governance

Analysis

Biden, the Bank and IMF: A break with ‘America first’ or its continued pursuit through multilateral means?

The world awaits to see whether Trump’s defeat will result in the end of the 'America First' approach and a democratisation of the IMF and World Bank and the multilateral system.

10 December 2020

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