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Finance

Commentary

Civil society organizations urge end to IMF surcharges to finance climate action instead

More than 300 organisations and individuals call upon the IMF to urgently address one of the most glaring and easily rectifiable contradictions between its stated support for a just transition and its actions by immediately ending its surcharge policy. 

22 November 2022 | Letters

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

G20 press briefing analysis Annual Meetings 2022: Challenges and differences in view, as escalating geopolitical conflicts worsen the economic situation

The Indonesian Minister of Finance Sri Mulyani Indrawati acknowledged the G20 faced "many challenges" and "differences in view", with "escalating geopolitical conflicts worsening the economic situation.”

19 October 2022

Environment

News

Pakistan calls for climate reparations, as CSOs push for fresh SDR allocation to ease multiple crises

Non-debt forms of financing essential, as many countries on front line of climate change face ‘polycrisis’ that threatens macroeconomic stability.

4 October 2022

Social services

News

World Bank issues new guidance on PPPs legal frameworks, ignoring long-standing concerns with the model

New World Bank guidance on PPP legal frameworks evidence of institution’s continued reliance on PPPs as key to addressing SDG financing gap despite well-documented failures. Previous World Bank PPP contracts template criticised for incompatibility with human rights norms.

4 October 2022

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.

21 July 2022

Social services

News

World Bank’s commitment to private sector-led development casts doubt on effectiveness of new Pandemic Preparedness Fund

The World Bank’s proposal to establish a fund for Pandemic Prevention, Preparedness and Response raises questions about the Bank’s support for private sector healthcare at the expense of public provision.

21 July 2022

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

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Other news

Finance

News

21 July 2022

Restart of Pakistan’s IMF loan agreement collapses with change in government, as soaring costs of IFC-supported LNG add to fiscal pain

Pakistan increases fuel prices in effort to meet IMF conditions, while cost of importing LNG surges.

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.