After weeks of jockeying by the Argentinian government, the IMF and the US Treasury Department finally agreed to provide $18 billion to bailout Argentina’s troubled economy in November.
Turkey is the latest country to be overcome by financial crisis.
“I have a heart” pleaded Horst K
In Brazil a national plebiscite on External Debt, held in September, rejected the government’s agreement with the IMF and its commitment to full debt repayment at whatever cost.
The Bretton Woods Project is about to publish a report examining the role of the World Bank and IMF in promoting private investment in developing countries, and the true costs and benefits of international financial flows.
Missing the Target reviews progress towards the international development targets for 2015, highlighting the danger that none of the targets will be met.
Brazilian activist Marcos Arruda exposes the problems with his government’s economic policies and the role of the IMF in a new book.
Bank and Fund staff have complained that the Joint IMF-World Bank Implementation Committee (JIC), which has been established to coordinate work on the Heavily Indebted Poor Country (HIPC) Initiative and the Poverty Reduction Strategy Papers (PRSP) program is just “political whitewash”.
In April the World Bank launched a new briefing Assessing Globalization, examining the implications of international trade for poverty, inequality and the environment.
The new IMF policy of “lending into arrears”, that is lending to countries in financial crisis with debts owing to the private sector, has been applied to Ecuador.