Debt

Finance

News

IMF policies fuel social crisis in Ecuador

In July, rising transport and fuel prices in Ecuador led to strikes and public protests, and an up-rising by thousands of indigenous people who are also concerned about privatisation plans.

15 September 1999

Accountability

News

Curbing corruption

IMF policies have exacerbated corruption according to a Christian Aid briefing on new approaches to debt relief.

15 June 1999

Finance

News

G7 agree crisis mechanisms

G7 finance ministers have agreed a framework to include the private sector in future crisis bailouts.

15 June 1999

Finance

News

ESAF reforms to focus on poverty eradication

Clare Short, UK Secretary of State for International Development, has called in parliament for the reform of the IMF’s ESAF loans to make them pro-poor.

15 June 1999

Conditionality

News

Initiative changes

The G7 have agreed changes to the Heavily Indebted Poor Country Debt Initiative which will impose more conditionality in return for earlier relief from interest payments.

15 June 1999

Finance

News

ESAF-HIPC Link Attacked

Mr Jagdeo, Guayanese Finance Minister, has attacked the IMF for its lack of commitment to debt reduction and using the HIPC Initiative as a means of forcing countries to comply with ESAF programmes.

15 December 1998

Finance

News

“New debt crisis”

Investors’ growing aversion to risk is leading to a general withdrawal of finance from many Southern countries.

15 September 1998

Finance

News

J2000 mobilise 70,000

An estimated 70,000 people demonstrated in Birmingham to call on G8 leaders to cancel poor countries’ unpayable debts.

15 April 1998

Finance

News

Preventing private sector debt crises

In addition to extending the IMF’s role, its governors have been examining measures to prevent future financial sector crises.

15 April 1998

Finance

News

Loan costs set to rise

Borrowers from the International Bank for Reconstruction and Development (IBRD), the main World Bank lending arm, may have to pay higher charges for their loans in the future.

15 April 1998