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.
Debt
Accountability
News
Curbing corruption
IMF policies have exacerbated corruption according to a Christian Aid briefing on new approaches to debt relief.
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.
Finance
News
“New debt crisis”
Investors’ growing aversion to risk is leading to a general withdrawal of finance from many Southern countries.
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.
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.
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.
Finance
News
Nicaraguan civil society fears delay in debt process
Nicaraguan civil society organisations (CSOs) fear Nicaragua will not qualify for the HIPC Debt Initiative before the population has suffered further.