Egypt’s new EFF program will likely deepen the country’s debt crisis, instead of helping improve its socioeconomic conditions.
IFI Lending
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.
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.
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.
Finance
Analysis
New IMF Resilience and Sustainability Trust (RST) – how to make it work for the Global South
RST must support low- and vulnerable middle-income countries to recover from the pandemic and tackle economic and climate-related structural challenges.
Finance
News
IMF’s punishing surcharges strain Covid-19 response and recovery efforts
Civil society and economists unite in calls for IMF to abolish unethical and harmful surcharges on member countries that undermine financial stability and Covid-19 recovery.
Finance
News
Tensions escalate between Argentina and the IMF ahead of crucial loan repayment deadline
Controversial loan from IMF could force country into severe spending cuts.
Finance
News
Civil society frustrated by lack of substantive engagement in IDA20 replenishment process
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
Conditionality
News
Will IMF policy advice align with new UNESCO Declaration on education finance?
IMF advice makes it challenging for countries to achieve education finance goals agreed at UN declaration.
Finance
Analysis
Opportunity lost? IMF approach to Special Drawing Rights channelling risks wasting golden chance
Civil society groups argue that IMF must be far more ambitious in its plans for SDRs to be channelled to countries in need.
