Debt

Finance

Commentary

Better ways to reduce the pain of debt crises for developing countries?

Amid challenging global conditions, proposals to address liquidity issues must be urgently matched by a reformed, development-focused international financial architecture.

9 April 2024 | Guest comment
Protester holding a banner with the message System change, not climate change

Environment

Background

The World Bank and climate finance: Success story or a new era of green ‘structural adjustment’?

This Inside the Institutions analyses the World Bank's climate finance, examining its impact on low- and middle-income countries' climate objectives.

9 April 2024 | Inside the institutions

Finance

News

Sri Lanka’s continued debt crisis highlights urgent need for wider reform

Sri Lanka’s inability to avoid its 17th IMF programme, and its catastrophic human rights consequences, adds to evidence of IMF and international system's failure to adequately respond to the worsening debt crisis and urgent need for debt cancellation and systemic reform.

9 April 2024
Matthew Martin presents new debt database to IMF at a Civil Society Policy Forum event during the October 2023 Annual Meetings in Marrakech, Morocco. Credit: Iolanda Fresnillo/Eurodad

Finance

News

New data show Global South is in worst debt crisis ever, with another lost decade looming

Civil society alliances call to prioritise sustainability of life over debt, while IMF continues to insist situation is not "systemic", in contrast to what the UN Secretary General has called a "systemic failure".

13 December 2023
Managing Director Kristalina Georgieva holds a Caribbean Ministerial Roundtable on the Resilience and Sustainability Trust at the Lloyd Erskine Sandiford Centre, 17 June 2022. Credit: Kim Haughton/ IMF Photo

Environment

Background

What is the IMF Resilience and Sustainability Trust?

This Inside the Institutions looks at IMF’s Resilience and Sustainability Trust (RST) reflecting on concerns about its eligibility criteria, quota limit, and 'green conditions'.

13 December 2023 | Inside the institutions
International Human Rights Day protest Manila, 10 December 2020.

Finance

Analysis

Debt sustainability assessment reform essential to address retrogression of international human rights

Recent reports outlining the extensive negative human rights impacts of debt and austerity further evidence the urgency of the need for the IMF and World Bank to go beyond financial sustainability in debt sustainability analysis.

4 October 2023

Finance

News

New book addresses shortcomings of traditional approaches to debt and economics 

New book details the gendered effects of austerity and argues that the human rights of people living in debt-distressed countries must take precedence over creditors’ financial interests.

13 December 2023

Finance

Analysis

Assessing the Bretton Woods Institutions’ legacy

New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.

3 October 2023 | Briefings

Conditionality

News

Tunisian government resists proposed IMF austerity programme 

Tunisian government is attempting to renegotiate IMF loan to avoid subsidy cuts on food and fuel.

19 July 2023

IFI governance

News

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.

19 July 2023