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.
Debt
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
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.
Conditionality
News
IMF in Argentina: “failed to learn the lessons of East Asia”
The number of pundits up in arms over the IMF’s handling of the crisis in Argentina continues to mount. The most recent selection includes Brazilian President, Henrique Cardoso, and ex-World Bank Chief Economist, Joseph Stiglitz.
Finance
News
Assessment of the FfD Outcome Paper and Proposed Next Steps
In the course of the last six months, the European NGO coordination, actively comprised of over 40 European NGOs in 11 countries including 8 national networks, has made continuous steps to focus and revise NGO demands regarding the FfD process towards a realistic, achievable and meaningful political outcome.
