The country – reeling from the Russia invasion – owes a total of $22 billion to the IMF, World Bank and other international financial institutions.
Finance
Finance
News
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
Analysis
Our World in 2021
While the Bank stressed the need for a recovery based on Green, Resilient and Inclusive Development and the IMF highlighted its concerns about the divergent paths of the global recovery in 2021, both continued to support largely unreformed policies.
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.
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.
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.
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.
Finance
News
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
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
Civil society frustrated by lack of substantive engagement in IDA20 replenishment process
Private sector first approach intact in IDA20 replenishment despite CSO recommendations.
