IMF fails to respond to loan requests from Iran and Venezula as they struggle to respond to increasing Covid-19 cases and deaths.
Venezuela
Private Sector
News
World Bank arbitration mechanism ICSID rules in favour of El Salvador
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
IFI governance
Background
Governance and impact report 2014
Notes of a meeting on governance and impact report 2014 at the World Bank-IMF annual meetings 2014
Private Sector
Analysis
ICSID and Latin America
Latin American states are actively exploring alternative mechanisms to the ICSID state-investor dispute mechanism which they claim has investor bias.
Finance
News
Venezuela disputes IMF growth predictions
Venezuela's Central Bank said in November that the country should begin to pull out of recession with 2 per cent growth predicted for 2011, four times more than the IMF suggested.
Environment
News
Venezuela v. Exxon back to ICSID?
Venezuela has asked Exxon Mobil to go back to the World Bank's International Centre for the Settlement of Investment Disputes, and drop lawsuits filed in other courts in London and New York.
IFI governance
News
IMF welcomes coup in Venezuela
On 12 April Thomas Dawson, the gaffe-prone IMF External Relations Director, welcomed the short-lived Venezuelan administration headed by Pedro Carmona, a business association leader.
