New methodology fails to meet long-standing civil society calls to put needs of people before debt service.
Greece
Rights
News
Will IMF stick its head in the sand on human rights Guiding Principles?
UN releases Guiding Principles on human rights impact assessments of economic reforms, begging the question of how the IMF will respond.
Finance
News
Greece exits loan programme as impacts of Troika-led austerity are revealed
As Greece exits eight-year loan programme from the Troika, new study shines light on damaging impact of Troika-imposed austerity on country’s health outcomes.
Rights
News
Labour in Greece: With friends like the IMF…
IMF agrees to conditional participation in new Greek loan package and demands that the government maintains the suspension of collective bargaining despite rising inequality and decrease in wages.
Infrastructure
News
Azerbaijani Laundromat to sully Bank’s reputation?
Scandal raises new questions about World Bank loans for Trans-Anatolian Pipeline (TANAP), after civil society previously raised concerns over human rights violations and the negative environmental impact of the project.
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.
Infrastructure
Analysis
The rise and fall of World Bank funded megaprojects
The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.
Finance
News
Doubts persist over IMF participation in new Greek programme
IMF claims it is does not advocate austerity as Greek finance minister accuses IMF of economising with the truth and pushing harmful and counterproductive reforms.
Conditionality
Analysis
IMF “rebuked” over role in Troika and its lending to Greece, Ireland and Portugal
IMF’s Independent Evaluation Office has found the Fund’s 2010/2011 Troika lending to Greece, Ireland and Portugal fell short in terms of surveillance, design, implementation and decision making, and described controversial decisions as appearing “rubber-stamped”.
Finance
News
Third time a charm? Fund pressured into possible return to Greece
As Eurozone countries agree a new loan package to Greece, the IMF has conceded to ‘major concessions’ instead of up front debt relief and may participate in a new programme despite its insistence that the Fund's involvement in future programmes is dependent on ‘significant debt relief’.
Finance
News
IMF contemplates returning to Greece ... again
The IMF has confirmed its participation in negotiations for the third Greek loan programme since 2010, seeking debt relief, privatisation and pension reform. The IFC has invested €150 million in Greece's four main banks.
Conditionality
Analysis
Greece: IMF fails to learn own "lesson on the economic impact of austerity”
IMF has been criticised for undermining negotiations between Greece and other creditors and ignoring the results of a democratic referendum.
