More debt without tackling the political sources of Egypt’s economic problems means a deepening of the crisis.
IFI Lending
Finance
Analysis
World Bank Group Evolution: Technical fixes or urgently needed reform?
World Bank Evolution Roadmap’s proposed superficial technical patches favouring the ‘logic’ of the market will likely fail to deliver the structural changes needed to support borrowing countries amidst global crises.
Finance
News
Biden administration signals additional funding for World Bank and IMF
New financing for the IMF and World Bank proposed by the US will not fix the flawed private sector development paradigm that burdens Global South economies with debt.
Finance
News
IMF acknowledges capital controls have helped Argentine economy
IMF research acknowledges measures to restrict capital outflows introduced in 2019 contributed to Argentina meeting the performance criteria for the Fund’s Extended Fund Facility.
Conditionality
News
Tunisian government resists proposed IMF austerity programme
Tunisian government is attempting to renegotiate IMF loan to avoid subsidy cuts on food and fuel.
IFI governance
News
Marrakech CSO working group launches statement ahead of 2023 Annual Meetings
Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.
Finance
News
Between a rock and a hard place: How can IMF provide support amidst debt restructure deadlock?
IMF’s lending into arrears policy can be a way to break out of the debt restructure deadlock and provide the much-needed financing for countries in debt distress.
IFI governance
Analysis
G24 communiqué analysis – Spring Meetings 2022
G24 finance ministers called for urgent global action to mitigate the effects of rising debt levels in emerging economies, and rising global food, energy and commodity prices.
Finance
News
Egypt reaches agreement for IMF programme, but proposals for debt relief are still lacking
Egypt’s new EFF program will likely deepen the country’s debt crisis, instead of helping improve its socioeconomic conditions.
Finance
Commentary
Civil society organizations urge end to IMF surcharges to finance climate action instead
More than 300 organisations and individuals call upon the IMF to urgently address one of the most glaring and easily rectifiable contradictions between its stated support for a just transition and its actions by immediately ending its surcharge policy.
Featured briefings
3 July 2024
The Bretton Woods Observer: Summer 2024
3 July 2024
Is the World Bank rolling back commitments to citizen engagement, again?
Understanding the Bank’s chequered history with public, community and civil society participation is key for understanding what is at stake and what to do next.
3 June 2024
A way out for IMF reform
New paper analyses the IMF 16th Quota Review and identifies key governance reforms feasible in the current economic and geopolitical context.