The IMF’s surcharges review presents a golden opportunity to eliminate these harmful and counterproductive fees.
Pakistan
Finance
News
Pakistan’s debt crisis fuelled by more IMF loans
Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.
Private Sector
News
World Bank’s financial inclusion agenda blind to growing gendered over-indebtedness
The World Bank’s financial inclusion agenda in time of cost-of-living crisis, austerity and financialisation promotes indebtedness of the poor, especially women.
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
Background
Coup d'états and political instability: The roles of national, regional, and international actors
Notes from a Civil Society Policy Forum on 12 October titled: "Coup d'états and political instability: The roles of national, regional, and international actors."
IFI governance
Background
Green and just? Climate in IMF surveillance & lending – evidence from Pakistan, Argentina, South Africa, Indonesia
Notes from a Civil Society Policy Forum on 11 October titled, "Green and just? Climate in IMF surveillance & lending – evidence from Pakistan, Argentina, South Africa, Indonesia."
Environment
News
Pakistan calls for climate reparations, as CSOs push for fresh SDR allocation to ease multiple crises
Non-debt forms of financing essential, as many countries on front line of climate change face ‘polycrisis’ that threatens macroeconomic stability.
IFI governance
Analysis
Spring Meetings 2022 Wrap-Up: Progress on key issues side-tracked by Ukraine invasion and BWIs’ own sense of drift
Spring Meetings conclude with frantic calls for stronger multilateralism, but few advances in key issues such as Covid-19 unequal recovery, debt, inequality and climate crises, while Russia participation prevents G20, G24 and Development Committee from releasing a communique.
Finance
News
Restart of Pakistan’s IMF loan agreement collapses with change in government, as soaring costs of IFC-supported LNG add to fiscal pain
Pakistan increases fuel prices in effort to meet IMF conditions, while cost of importing LNG surges.
Conditionality
News
Pakistan resists IMF measures that could “push more people into poverty”
IMF programme would result in increased electricity prices and regressive consumer tax hikes amid rising cost of living.
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.
Conditionality
Analysis
New IMF-Pakistan agreement likely to have adverse impact on women
IMF and Pakistan have reached agreement for a further loan disbursement, with Pakistan agreeing to significant cuts.
