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Zambia

Matthew Martin presents new debt database to IMF at a Civil Society Policy Forum event during the October 2023 Annual Meetings in Marrakech, Morocco. Credit: Iolanda Fresnillo/Eurodad

Finance

News

New data show Global South is in worst debt crisis ever, with another lost decade looming

Civil society alliances call to prioritise sustainability of life over debt, while IMF continues to insist situation is not "systemic", in contrast to what the UN Secretary General has called a "systemic failure".

13 December 2023

Finance

Analysis

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.

5 April 2023 | At Issue

Finance

Analysis

IMF debt sustainability analysis in times of compounding crises: Still unfit for purpose

New IMF debt sustainability framework fails to alleviate concerns over transparency and overoptimism in midst of large-scale debt crisis, as countries face severe austerity and private lenders wait for bailouts.

4 October 2022

Finance

Analysis

G20 debt proposal continues to favour creditors

New common framework for debt relief announced at G20 Leaders’ Summit maintains prominent role of IMF and fails to include World Bank debt relief.

14 December 2020

IFI governance

Background

Great expectations: Is the IMF turning words into action on inequality?

Notes from the 2017 World Bank and IMF Annual Meetings session on the IMF's approach to inequality, 13 October.

13 October 2017 | Minutes

Conditionality

Commentary

The IMF returns to Zambia: How will gender and income inequality be addressed?

The government of Zambia has approached the IMF for financial assistance, however, Zambian civil society is concerned that the required reforms will worsen gender and income inequality.

6 April 2017 | Guest comment

Finance

Analysis

IMF and debt restructuring: just talk?

An IMF staff blog has acknowledged weaknesses in IMF’s approach to debt sustainability, meanwhile civil society continues to demand human rights-based approach considering who bears burden of debt repayment.

22 March 2017 | Guest analysis

Environment

Analysis

Pilot Program for Climate Resilience (PPCR)

Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.

30 November 2016
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Other news

IFI governance

Background

Navigating Africa’s debt conundrum amid multiple crisis: Looking beyond the G20 Common Framework

Notes from the Civil Society Policy From on 13 April titled "Navigating Africa’s debt conundrum amid multiple crisis: Looking beyond the G20 Common Framework."

13 April 2023 | Minutes
Cancel the debt actions in front of the US Treasury Department.

Finance

Background

Showcasing the impact of debt in poor countries and a proposal for fair and green recovery financing

Notes from the Civil Society Policy Forum session on 29 March.

29 March 2021 | Minutes

Environment

Background

The economic case for climate action

Minutes from a World Bank/IMF seminar on climate change during the World Bank/IMF annual meetings 2013.

14 October 2013

Finance

News

Bank upgrade of Zambia fails to impress

The World Bank's reclassification of Zambia from low-income country to lower middle-income country has been hailed as an economic achievement by Zambia's president Rupiah Banda, but is less celebrated in other quarters.

14 September 2011

Rights

News

Bank paying workers poverty wages

Union Network International (UNI) is fighting the World Bank to ensure that their security workers are paid just wages.

26 September 2008

Environment

News

Zambian copper boom fails to alleviate poverty

Despite the boom in the global copper price, communities on the copper belt in Zambia have not seen the development gains they were promised and are now expressing frustration through strikes, protests and the ballot box.

2 April 2007

Conditionality

News

IMF wants tax on mosquito nets in Zambia

The IMF provoked public ire in Zambia by asking the government to remove value added tax exemptions on a range of goods, including mosquito nets used to fight malaria.

31 January 2007

Conditionality

News

World Bank and IMF forcing privatisation: new report

Privatisation imposed by the World Bank and the IMF can be harmful to the most…

21 July 2003
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