Questions about what advice MIGA provided to the Ethiopian government in its role as mediator in a $6m suit filed against the country by the Swiss multinational.
Private creditors oppose the proposed “sovereign debt restructuring mechanism” (SDRM) and the Fund seems ready to further dilute a plan that NGOs already considered flawed.
After over a year of stalled negotiations, the G7 in mid-January strong-armed the IMF into signing an agreement that will roll over $6.6 billion of Argentina's debt.
MPs on the International Development Select Committee questioned Clare Short on: debt, PRSPs, PSIA, Bank governance, social and environmental policies, privatisation of services, education and trade capacity building.
After a record-breaking eleven months of failed talks with the IMF Argentina has, for the first time, defaulted on a payment to the World Bank.
A leaked IMF and World Bank report confirms the HIPC initiative is not delivering.
IMF number two Anne Kreuger favours a so-called “institutional approach” for debt restructuring which involves establishing a Dispute Resolution Forum to bring all stakeholders together.
A deal between the US and Europe means that 18 to 21 per cent of the World Bank’s International Development Association aid will now come in the form of grants rather than loans.
Civil society organizations were disappointed by the outcome of talks at the G8 summit in Canada on an Africa Action Plan, HIPC and education.
The first elected government in East Timor faces an estimated US $154-$184 million shortfall in its initial three-year budget.