Debt

Finance

News

MIGA role in Ethiopian Nestlé claim unclear

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.

28 January 2003

Rights

News

Debt arbitration mechanism weakened

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.

28 January 2003

Finance

News

Fund deal with Argentina

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.

28 January 2003

Social services

News

Short gives evidence on World Bank to UK parliamentarians

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.

26 November 2002

Finance

News

Argentina default pressures Krueger

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.

26 November 2002

Finance

News

HIPC debt relief still failing

A leaked IMF and World Bank report confirms the HIPC initiative is not delivering.

17 September 2002

Finance

News

Krueger sets out IMF latest on debt arbitration

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.

17 September 2002

Finance

News

IDA grants-loans controversy ends

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.

24 July 2002

Finance

News

G8: “Absolutely zilch” for Africa

Civil society organizations were disappointed by the outcome of talks at the G8 summit in Canada on an Africa Action Plan, HIPC and education.

24 July 2002

Finance

News

East Timor debt, adjustment fears

The first elected government in East Timor faces an estimated US $154-$184 million shortfall in its initial three-year budget.

8 May 2002