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.
Conditionality
Finance
Analysis
Monetary power and sovereign debt crises: The renewed case for a debt workout mechanism
Conditionality
Analysis
IMF and Pakistan have reached agreement for a further loan disbursement, with Pakistan agreeing to significant cuts.
Conditionality
Analysis
New IMF-Pakistan agreement likely to have adverse impact on women
Finance
Analysis
IMF's continued push for central bank independence criticised as undemocratic, unequal and for curtailing countries' capacity to respond to the pandemic.
Finance
Analysis
Democratic deficit: The IMF, Ecuador, and central bank independence
Conditionality
News
Unbalanced financial stimulus followed by fiscal austerity: When will the IMF learn from its mistakes?!
New reports by Financial Transparency Coalition and Eurodad highlight uneven distribution of Covid-19 stimulus spending followed by socially painful fiscal austerity.
Finance
News
Highly indebted countries face further cuts to public spending to service debts, as IMF austerity bites
Debt Justice's new report highlights urgent need for international debt workout mechanisms, as countries are forced to prioritise debt payments.
Finance
Analysis
New IMF Resilience and Sustainability Trust (RST) – how to make it work for the Global South
RST must support low- and vulnerable middle-income countries to recover from the pandemic and tackle economic and climate-related structural challenges.
Private Sector
Analysis
How IMF and World Bank support for financialisation undermines human rights
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
Finance
News
IMF capital control review: A missed opportunity to support a just recovery and stability
IMF review of institutional view on capital controls disappoints as it largely maintains the policy framework of its predecessor
Finance
Analysis
Debt crisis prevention: We need to talk about capital controls
IMF's position on capital controls must be revised to recognise that they are an essential and permanent macroeconomic tool necessary to increase countries' policy autonomy and enable them to act counter-cyclically and to prevent future debt crises.
Finance
Background
What are Special Drawing Rights (SDRs)?
This Inside the Institutions looks at the IMF’s Special Drawing Rights, including their history and usage, with a focus on the latest allocation, which accounts for 69 per cent of the SDRs ever disbursed.
Other news
Conditionality
News
Tunisian government resists proposed IMF austerity programme
Tunisian government is attempting to renegotiate IMF loan to avoid subsidy cuts on food and fuel.
IFI governance
News
Marrakech CSO working group launches statement ahead of 2023 Annual Meetings
Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.
Finance
News
Egypt reaches agreement for IMF programme, but proposals for debt relief are still lacking
Egypt’s new EFF program will likely deepen the country’s debt crisis, instead of helping improve its socioeconomic conditions.
Finance
News
Chad gets debt rescheduling, not relief, and is left dependent on oil revenues
Chad has reached an agreement to restructure its nearly $3 billion of external debt, unlocking IMF financing, but the deal has been criticised for failing to reduce the country’s overall debt burden.
Conditionality
News
Nigerians set for higher bills as Bank pushes for removal of ‘inefficient’ energy subsidies
Nigerians set for higher energy bills amidst deep economic crisis as Bank pushes for removal of ‘inefficient’ energy subsidies.
Conditionality
News
The human face of the World Bank's private sector bias: The privatisation of Kenya's healthcare
A November 2021 report by the Center for Human Rights and Global Justice at New York University highlights the human rights consequences of the World Bank’s Maximising Finance for Development approach.
Finance
News
Tensions escalate between Argentina and the IMF ahead of crucial loan repayment deadline
Controversial loan from IMF could force country into severe spending cuts.
Conditionality
News
Will IMF policy advice align with new UNESCO Declaration on education finance?
IMF advice makes it challenging for countries to achieve education finance goals agreed at UN declaration.