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.
Climate-for-debt swaps mechanism proposed by IMF fails to materialise, while rich countries' climate finance commitments remain unmet.
Civil society and economists unite in calls for IMF to abolish unethical and harmful surcharges on member countries that undermine financial stability and Covid-19 recovery.
G20 Common Framework left as the only multilateral mechanism for debt suspension, while private sector still refuses to engage.
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.
Doing Business scandal, likely conditions attached to SDR rechannelling and lack of Bank and Fund support for an intellectual property waiver for vaccines highlight links between undemocratic governance structures at Bank and Fund and the uneven recovery from the pandemic.
Bretton Woods Project, Eurodad and Afrodad publish statement on the need for IDA20 replenishment to make an effective and meaningful contribution to recovery and resilience efforts.
CSO launches call for the fair channeling of Special Drawing Rights.
Fund warns cryptocurrencies are a threat to global financial stability as El Salvador makes Bitcoin legal tender.
Controversial loan from IMF could force country into severe spending cuts.
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
IMF advice makes it challenging for countries to achieve education finance goals agreed at UN declaration.
Notes from the Civil Society Policy Forum session on 8 October on the need for the World Bank to better address economic gender inequality in conflict-affected countries.
Notes from the Civil Society Policy Forum session on 6 October on the World Bank's need to highlight the centrality of public healthcare systems, central to a just and equitable recovery.
Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.
Notes from the Civil Society Policy Forum session on 4 October on the ways to maximise the impacts of the recent allocation of $650 billion Special Drawing Rights.
