UN votes to adopt developing countries’ resolution on a legal framework for debt resolution, independent of creditors, including the IMF.
The IMF’s provision of an exceptional access loan to Ukraine was presented as vital economic support, but many commentators fear that this loan is driven as much by political as economic necessity. Despite emphasising increased sensitivity to country circumstances, Fund policy recommendations in Egypt are very similar to its prescriptions for Ukraine.
Fierce debate in Ghana over whether to turn to the IMF for support, as its economic growth and debt profile come under pressure. IMF warns on risks to Ghana’s “transformation agenda” and whole region’s debt levels and growth
Argentina has agreed a deal with its Paris Club creditors, which have been accused of aggressive behaviour in demanding repayment of double the original debt.
Sponsors: Arab NGO Network for Development (ANND); Bretton Woods Project; Middle East Task Force of…
Sponsors: Action Aid/UK, IMF, TJN Africa, New Rules Coalition, International Centre for Tax Development Panellists: Anna…
As eurozone crisis countries, such as Ireland, complete their loan agreements with the IMF and European lenders, the IMF looks to amend rather than end its role in Europe. Meanwhile, a European parliamentary committee is examining the lending agreements and questioning their efficacy and lack of transparency.
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
Burgeoning debt levels, and problems in Jordan and Philippines, indicate that debt crises are not behind us. While the IMF considers policy changes, an influential group of scholars has proposed a new Fund facility for handling sovereign debt restructuring.
Despite initiating World Bank loan repayments , and having its status upgraded by the Bank, Iran's politicians continue to reinforce the harmful impact of sanctions on the country's economy.