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Finance

News

To support the global economy, G7 should call for IMF to remove harmful surcharges

CSOs urge the G7 to take action to support debt-distressed economies by calling for the International Monetary Fund (IMF) to immediately end its harmful surcharge policy.

23 June 2022 | Letters

IFI governance

Analysis

V20 calls for more equitable international financial system to tackle risks posed to climate vulnerable developing countries

The communiqué for the V20 highlighted multitude of crises facing climate-vulnerable developing countries, with continuing challenges posed by the Covid-19 pandemic and unequally felt climate change impacts now being exacerbated by the spillover effects from the Ukraine war.

26 April 2022

IFI governance

Analysis

G24 communiqué analysis – Spring Meetings 2022

G24 finance ministers called for urgent global action to mitigate the effects of rising debt levels in emerging economies, and rising global food, energy and commodity prices.

25 April 2022

IFI governance

Analysis

Spring Meetings 2022 Preamble: War in Ukraine risks deepening divergent recovery as World Bank and IMF prepare for Spring Meetings

War in Ukraine will have significant spillover effects as Global South continues to carry the burden of vaccine inequity. Debt, austerity and evolving food crisis key talking points of Meetings while unequal recovery, gender, RST and surcharges key issues at CSPF.

14 April 2022

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.

6 April 2022 | Guest analysis

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

6 April 2022 | At Issue

Finance

Background

What are IMF surcharges?

This Inside the Institutions looks at the issue of surcharges, which are additional interest payments the IMF imposes on countries with large, outstanding debts to the IMF.

6 April 2022 | Inside the institutions

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

6 April 2022

Other news

Finance

News

12 April 2022 | Letters

Civil society calls for public comment period on new IMF guidance note for staff on surveillance

CSOs write an open letter to IMF management calling for increased public scrutiny of Fund's operationalisation of 2021 Comprehensive Surveillance Review. 

Finance

Commentary

7 April 2022 | Letters

More than 150 groups call for the IMF to end its “unfair” and “counterproductive” surcharges

Over 160 civil society organizations from around the world are calling on the International Monetary Fund (IMF) to end the “unfair” and “counterproductive” surcharges attached to its lending to the most heavily indebted countries. The open letter was sent to the IMF Executive Board on 7 April ahead of the 2022 IMF and World Bank’s Spring Meetings.

Finance

News

6 April 2022

Calls for Ukraine debt relief grow as IMF and World Bank provide fresh loans amidst crisis

The country – reeling from the Russia invasion – owes a total of $22 billion to the IMF, World Bank and other international financial institutions.

Finance

News

6 April 2022

Civil society campaign urges IMF to stop using punitive surcharges

Over 250 civil society experts urge the IMF to eliminate its punitive surcharges on countries in debt distress as they undermine an equitable economic recovery and exacerbate the global debt crisis.

Finance

News

9 December 2021

IMF takes steps to control cryptocurrency policies

Fund warns cryptocurrencies are a threat to global financial stability as El Salvador makes Bitcoin legal tender.

Finance

News

9 December 2021

Tensions escalate between Argentina and the IMF ahead of crucial loan repayment deadline

Controversial loan from IMF could force country into severe spending cuts.

Finance

News

9 December 2021

Civil society frustrated by lack of substantive engagement in IDA20 replenishment process

Private sector first approach intact in IDA20 replenishment despite CSO recommendations.

Conditionality

News

9 December 2021

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.