Covid-19

Finance

News

Highly indebted countries face further cuts to public spending to service debts, as IMF austerity bites

Debt Justice's new report highlights urgent need for international debt workout mechanisms, as countries are forced to prioritise debt payments.

21 July 2022

Social services

News

World Bank’s commitment to private sector-led development casts doubt on effectiveness of new Pandemic Preparedness Fund

The World Bank’s proposal to establish a fund for Pandemic Prevention, Preparedness and Response raises questions about the Bank’s support for private sector healthcare at the expense of public provision.

21 July 2022

IFI governance

Analysis

G24 communiqué analysis – Spring Meetings 2022

G24 finance ministers called for urgent global action to mitigate the effects of rising debt levels in emerging economies, and rising global food, energy and commodity prices.

25 April 2022

Private Sector

Analysis

How IMF and World Bank support for financialisation undermines human rights

IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance

6 April 2022 | At Issue

Finance

News

IMF capital control review: A missed opportunity to support a just recovery and stability

IMF review of institutional view on capital controls disappoints as it largely maintains the policy framework of its predecessor

6 April 2022

Finance

News

Argentine civil society denounces new IMF agreement as illegitimate

Civil society rejects new Agreement arguing IMF loan will be used to pay odious debt and result in reforms damaging to human rights.

6 April 2022

Finance

News

Ineffective G20 Debt Service Suspension Initiative ends as world faces worst debt crisis in decades

As countries resume debt payment obligations amid unequal pandemic recovery CSOs call for debt cancellation and a multilateral debt workout mechanism.

6 April 2022

Finance

Analysis

Our World in 2021

While the Bank stressed the need for a recovery based on Green, Resilient and Inclusive Development and the IMF highlighted its concerns about the divergent paths of the global recovery in 2021, both continued to support largely unreformed policies.

2 March 2022 | Annual report (BWP)

Finance

Analysis

Debt crisis prevention: We need to talk about capital controls

IMF's position on capital controls must be revised to recognise that they are an essential and permanent macroeconomic tool necessary to increase countries' policy autonomy and enable them to act counter-cyclically and to prevent future debt crises.

9 December 2021 | At Issue
Until debt tear us apart message on a wall in the LX factory area of Lisbon, Portugal.

Finance

News

Debt crisis: What next as IMF and G20 initiatives set to expire?

G20 Common Framework left as the only multilateral mechanism for debt suspension, while private sector still refuses to engage.

9 December 2021