As countries resume debt payment obligations amid unequal pandemic recovery CSOs call for debt cancellation and a multilateral debt workout mechanism.
Debt
Finance
Analysis
Debt crisis prevention: We need to talk about capital controls
IMF's position on capital controls must be revised to recognise that they are an essential and permanent macroeconomic tool necessary to increase countries' policy autonomy and enable them to act counter-cyclically and to prevent future debt crises.
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.
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.
Environment
Analysis
Lack of public finance and debt relief at COP26 undermines countries' climate goals
Climate-for-debt swaps mechanism proposed by IMF fails to materialise, while rich countries' climate finance commitments remain unmet.
Finance
News
Debt crisis: What next as IMF and G20 initiatives set to expire?
G20 Common Framework left as the only multilateral mechanism for debt suspension, while private sector still refuses to engage.
Finance
News
Tensions escalate between Argentina and the IMF ahead of crucial loan repayment deadline
Controversial loan from IMF could force country into severe spending cuts.
IFI governance
Background
Making the Most of Special Drawing Rights: Approaches to maximise impact and create a sustainable and just recovery
Notes from the Civil Society Policy Forum session on 4 October on the ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights.
Finance
News
Former UN Independent Expert calls for end to IMF surcharges
Open letter calls for an end to IMF surcharges that penalise middle-income countries, limit their capacity to respond to the Covid-19 pandemic and meet their human rights obligations.
IFI governance
Analysis
Development Committee communiqué analysis - Spring 2021
Analysis of the IMF and World Bank Development Commitee communiqué published on 9 April from the 2021 World Bank and IMF virtual Spring Meetings.
