Debt

Conditionality

News

Ecuador, Philippines repay IMF debt

Newly elected Ecuadorean president Rafael Correa, announced in January that he would make early repayments of his country’s $33 million debt to the IMF.

31 January 2007

Knowledge

News

Debt sustainability framework unchanged

NGOs contest a review of the World Bank and IMF’s debt sustainability framework for low income countries which concluded that the system was “broadly appropriate”.

31 January 2007

Finance

News

Uruguay announces early IMF repayment

In November Uruguay committed to clearing its balances with the IMF earlier than required, announcing its intention to repay its remaining balance of $1.1 billion sometime next year.

23 November 2006

Accountability

News

World Bank corruption fight drags on

The World Bank's anti-corruption framework was the subject of one of the most bruising Development Committee debates in memory at the annual meetings. Further challenges for the Bank include the impact of a rapid rise in Chinese lending to developing countries on anti-corruption efforts, and debt campaigners use of the corruption issue to highlight creditor responsibility for 'illegitimate lending'.

23 November 2006

Infrastructure

Background

Highlights of UK NGO meeting with Paul Wolfowitz

Highlights from a UK NGO meeting held with Paul Wolfowitz, head of the World Bank, in London on 13 November 2006. Issues covered include: the Bank's anti-corruption framework; financing 'fragile' states; conditionality; debt; and the extractive industry, energy infrastructure and climate change

15 November 2006 | Minutes

IFI governance

Background

Highlights of Hilary Benn meeting with UK NGOs

Highlights of semi-annual meeting between UK Secretary of State for International Development and UK NGOs. Topics covered include CSO access to annual meetings, conditionality, anti-corruption, odious debt, clean energy, education in LICUS, bank internal governance, IFC safeguards

26 October 2006 | Minutes

IFI governance

Background

Highlights of Tom Scholar meeting with UK NGOs

Highlights of quarterly meeting between UK executive director to the World Bank and IMF and UK NGOs. Topics covered include CSO access to annual meetings, IMF strategic review, conditionality, anti-corruption and education.

26 September 2006 | Minutes

Finance

News

Mauritania, Malawi qualify for debt relief

Mauritania qualified for the Multilateral Debt Relief Initiative in June, while Malawi completed the Heavily Indebted Poor Countries initiative in August.

11 September 2006

Social services

News

Cape Verde becomes IMF’s third PSI country

On 1 August, the IMF board approved Cape Verde's application for the Policy Support Instrument (PSI)

11 September 2006

Conditionality

News

IMF to relaunch Haitian programme

After years of political and economic disputes, the IMF has finally reinitiated negotiations with Haiti

11 September 2006