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Finance

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.

9 December 2021 | At Issue

Environment

Analysis

Lack of public finance and debt relief at COP26 undermines countries' climate goals

Climate-for-debt swaps mechanism proposed by IMF fails to materialise, while rich countries' climate finance commitments remain unmet.

9 December 2021

Finance

News

IMF’s punishing surcharges strain Covid-19 response and recovery efforts

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.

9 December 2021
Until debt tear us apart message on a wall in the LX factory area of Lisbon, Portugal.

Finance

News

Debt crisis: What next as IMF and G20 initiatives set to expire?

G20 Common Framework left as the only multilateral mechanism for debt suspension, while private sector still refuses to engage.

9 December 2021

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.

9 December 2021 | Inside the institutions

IFI governance

Analysis

Annual Meetings 2021 Preamble: IMF and World Bank face existential questions in midst of global health and climate crises

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.

7 October 2021

Finance

Commentary

Joint statement on World Bank’s IDA20 replenishment

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.

6 October 2021 | Letters

Finance

News

Open letter to G20 Finance Ministers, Central Bank Governors and the IMF: Civil society organizations call for principles for fair channeling of Special Drawing Rights

CSO launches call for the fair channeling of Special Drawing Rights.

30 September 2021 | Letters

Other news

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.

IFI governance

Background

8 October 2021 | Minutes

The role of the World Bank in combatting economic gender inequality in conflict-affected countries

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.

IFI governance

Background

6 October 2021 | Minutes

Building back better health systems: lessons from the WBG's Covid-19 response and recovery plans

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.

IFI governance

Background

6 October 2021 | Minutes

IMF surcharges: A necessary tool or counter-productive obstacle to a just and green recovery?

Notes from the Civil Society Policy Forum session on 6 October on the governance and resourcing implications of IMF's surcharges.

IFI governance

Background

4 October 2021 | Minutes

Making the Most of Special Drawing Rights: Approaches to maximise impact and create a sustainable and just recovery

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.