The sovereign debt crises threatening states in the Global South are less about fiscal mismanagement and more about monetary power in the global currency hierarchy.
Monetary system
Finance
Analysis
Democratic deficit: The IMF, Ecuador, and central bank independence
IMF's continued push for central bank independence criticised as undemocratic, unequal and for curtailing countries' capacity to respond to the pandemic.
Finance
News
IMF takes steps to control cryptocurrency policies
Fund warns cryptocurrencies are a threat to global financial stability as El Salvador makes Bitcoin legal tender.
Finance
Background
Financial tremors in developing countries: is another earthquake on the way?
Aldo Caliari Monetary policy changes in rich world are now starting – the reversal of…
Finance
News
IMF to add China’s currency to SDR basket
The IMF has confirmed that China’s currency, the remnimbi or yuan, will be included in the IMF’s calculation of its international reserve asset from October 2016.
Finance
Analysis
UN Financing for Development: the Fund and Bank's role & influence
This briefing analyses the role of the Bank and Fund in the UN Financing for Development negotiations.
Finance
Analysis
The IFIs in 2013: year in review
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.