Debt

Conditionality

News

Pakistan: IMF pushes regressive taxes

In November, Pakistan and the IMF again failed to agree conditions for release of the sixth instalment of the country's Stand-by Agreement.

29 November 2010

Conditionality

News

IMF economics put recovery at risk (not to mention people)

Amid slowing global economic growth the IMF welcomed fiscal consolidation, despite warnings that in Europe and in developing countries austerity policies and consumption taxes are threatening recovery and harming the most vulnerable.

29 November 2010

Conditionality

Background

Civil Society Townhall Meeting with Robert Zoellick and Dominique Strauss-Kahn

Notes of the seminar of annual meetings 2010

8 October 2010 | Minutes

Knowledge

Background

Meeting between the UK IMF Executive Director Alex Gibbs , HM Treasury and UK civil society organisa

Notes of the seminar of annual meetings 2010

7 October 2010 | Minutes

Environment

News

IFI-induced debt catastrophes?

Natural disasters in Haiti and Pakistan have heightened calls for larger debt cancellation, rather than new IMF loans, and for a rethink of the sovereign debt system.

30 September 2010

Land

News

UK reviews World Bank, multilateral aid

In June the new UK coalition government announced a hasty review of its funding to multilaterals, including the World Bank Group.

30 September 2010

Accountability

News

IMF grants Antigua loan amid controversy

The IMF has faced increased political pressure to refuse a $118 million loan to Antigua and Barbuda following the government’s seizure of assets belonging to Allen Stanford, former head of the now fallen Stanford Investment Bank (SIB).

18 June 2010

Conditionality

News

Debt crisis in Europe: Beware IMF bearing gifts

The descent of Greece into a sovereign debt crisis marks the first time a country that uses the euro has gone to the IMF. The fear of adverse market reaction has now moved Europe towards greater coordination and the G20 to argue against continued fiscal stimulus.

17 June 2010

Finance

News

Zimbabwe turns to the IMF

In March the Zimbabwean cabinet agreed to a new debt relief strategy that includes recourse to the IMF and World Bank's Highly Indebted Poor Countries (HIPC) initiative.

17 June 2010

Conditionality

Background

The IMF's framework for low-income countries

In the midst of the global financial and economic crisis the IMF amended its lending framework for low-income countries (LICs). It now has three main instruments for LICs – the Extended Credit Facility, the Standby Credit Facility and the Rapid Credit Facility. The three different programmes are subsidised by the newly created Poverty Reduction and Growth Trust (PRGT). The IMF also engages with LICs through non-financial facilities, especially the Policy Support Instrument (PSI) and the St

17 June 2010 | Inside the institutions