Joseph Hanlon asks where the accountability for the Mozambique debt crisis lies and why the poor are once again paying the costs.
Debt
Finance
Analysis
Debt sustainability review: Tinkering around the edges while crises loom
Despite making some positive changes, the IMF and World Bank Debt Sustainability Framework review has ignored fundamental issues, as risk of new crises persist.
Conditionality
News
IMF lending freeze “pushing Tunisia to the brink”
IMF freezes second payment of $2.8 billion loan to Tunisia, demanding accelerated reform programme despite concerns this will push Tunisia “to the brink”.
Finance
Analysis
IMF and debt restructuring: just talk?
An IMF staff blog has acknowledged weaknesses in IMF’s approach to debt sustainability, meanwhile civil society continues to demand human rights-based approach considering who bears burden of debt repayment.
Finance
News
Ghana: political costs of structural adjustment
Ghana elected a new president who has pledged to review the country's IMF programme, which was criticised by civil society for its harsh impacts on the poorest.
Finance
News
IMF reconsiders new loan as Mozambique defaults
Mozambique defaults on its debt after IMF freezes loan. IMF reopens discussions on new loan programme but civil society concerned lessons are not learnt.
Finance
News
Doubts persist over IMF participation in new Greek programme
IMF claims it is does not advocate austerity as Greek finance minister accuses IMF of economising with the truth and pushing harmful and counterproductive reforms.
Conditionality
Analysis
IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal
IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.
IFI governance
Background
Recurring debt crises in sub-Saharan Africa and the rise of bond issuance
Notes from a side event at the IMF/World Bank 2016 annual meetings launching a new report on bonds issuance in Nigeria, Zambia and Ghana, followed by a panel discussion on government bonds as a debt issue.
IFI governance
Background
Stopping vulture funds through national anti-vulture laws
Notes from a side event at the IMF/World Bank 2016 annual meetings exploring the issue of vulture funds from various angles, as well as possible solutions.
Featured briefings
25 July 2018
The World Bank and the globalisation of housing finance
In prioritising capital market expansion, the needs of the lowest income groups are not being effectively addressed through World Bank interventions.
23 July 2018
The Bretton Woods Observer: Summer 2018
10 April 2018