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

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

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
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

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

Environment

Analysis

Forest Investment Program (FIP)

Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.

30 November 2016

Environment

Analysis

Scaling Up Renewable Energy Program (SREP)

A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.

30 November 2016