Tunisian government is attempting to renegotiate IMF loan to avoid subsidy cuts on food and fuel.
Conditionality
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
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.
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
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.
Finance
Analysis
Monetary power and sovereign debt crises: The renewed case for a sovereign debt restructuring mechanism
The sovereign debt crises threatening states in the Global South are less about fiscal mismanagement and more about monetary power in the global currency hierarchy.
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.
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.
