IFI Lending

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.

4 October 2023

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.

4 October 2023

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.

19 July 2023 | At Issue

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.

5 April 2023

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.

19 July 2023

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.

19 July 2023

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.

8 December 2022

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. 

22 November 2022 | Letters

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.

25 April 2022

Environment

Commentary

IMF programme in Pakistan undermines renewable energy roll-out

Loan programme in Pakistan undermines country’s plans for low-carbon transition, as tax breaks on renewables and EVs slashed from IMF-mandated mini-budget.

6 April 2022 | Guest comment