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.
Debt
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.
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.
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.
Finance
News
HIPC debt relief still failing
A leaked IMF and World Bank report confirms the HIPC initiative is not delivering.
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.
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.
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.
IFI governance
News
IMF role in debt arbitration disputed
Ministers at the Spring Meetings agreed that the IMF should not, except in “exceptional circumstances” provide large bailouts to countries in financial crises.
Conditionality
Background
The Ugandan PRSP Experience
Meeting with Rick Rowden, RESULTS, 31 May 2002
Featured briefings
1 October 2024
Year one of World Bank Paris Agreement alignment in the energy sector: ‘green conditionality’ dwarfs green investments
New BWP research finds the Word Bank's approach to Paris alignment is being used to a significant extent to impose ‘green conditionalities' on borrowing countries, especially in the Global South.
3 July 2024
The Bretton Woods Observer: Summer 2024
3 July 2024
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.