Debt

IFI governance

Analysis

V20 calls for more equitable international financial system to tackle risks posed to climate vulnerable developing countries

The communiqué for the V20 highlighted multitude of crises facing climate-vulnerable developing countries, with continuing challenges posed by the Covid-19 pandemic and unequally felt climate change impacts now being exacerbated by the spillover effects from the Ukraine war.

26 April 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

Finance

Commentary

More than 150 groups call for the IMF to end its “unfair” and “counterproductive” surcharges

Over 160 civil society organizations from around the world are calling on the International Monetary Fund (IMF) to end the “unfair” and “counterproductive” surcharges attached to its lending to the most heavily indebted countries. The open letter was sent to the IMF Executive Board on 7 April ahead of the 2022 IMF and World Bank’s Spring Meetings.

7 April 2022 | Letters

Finance

News

Calls for Ukraine debt relief grow as IMF and World Bank provide fresh loans amidst crisis

The country – reeling from the Russia invasion – owes a total of $22 billion to the IMF, World Bank and other international financial institutions.

6 April 2022

Finance

Analysis

New IMF Resilience and Sustainability Trust (RST) – how to make it work for the Global South

RST must support low- and vulnerable middle-income countries to recover from the pandemic and tackle economic and climate-related structural challenges.

6 April 2022 | Guest analysis

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

Background

What are IMF surcharges?

This Inside the Institutions looks at the issue of surcharges, which are additional interest payments the IMF imposes on countries with large, outstanding debts to the IMF.

6 April 2022 | Inside the institutions

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

News

Civil society campaign urges IMF to stop using punitive surcharges

Over 250 civil society experts urge the IMF to eliminate its punitive surcharges on countries in debt distress as they undermine an equitable economic recovery and exacerbate the global debt crisis.

6 April 2022