In September US Treasury Secretary, Paul O’Neill, told the Senate Banking Committee that he would favour establishment of an international bankruptcy law as an alternative to IMF bailouts.
Finance
Finance
News
HIPC not delivering debt relief
The Heavily Indebted Poor Country (HIPC) Initiative is failing to deliver debt relief, reports the Financial Times (9/10/01).
Finance
News
Financial architecture conference report
The Commonwealth Secretariat has published the discussion papers of the Developing Countries and the Global Financial System conference held at Lancaster House, London in July 2000.
Rights
News
IFIs must respect human rights
The World Bank and the IMF are bound by obligations enshrined in international human rights covenants, and must incorporate human rights considerations in the formulation and review of their Poverty Reduction Strategy Papers (PRSPs).
Finance
News
Road map letter from Bretton Woods Project
Road Maps For Capital Account Liberalisation
Finance
News
Response UK Treasury - CAL
Road Maps For Capital Account Liberalisation - Response UK Treasury
Conditionality
News
Argentina to be sacrificed on free-market altar?
In August, Argentinian teachers, doctors and public workers went on strike and unemployed workers and students blocked roads to protest against rising unemployment and cuts in pensions and salaries.
Finance
News
Will grants kill IDA?
Heated debate is brewing between the US government which proposes that the Bank’s International Development Association (IDA) should provide up to 50 per cent of its resources as grants and some European governments (supported by the Bank) who argue that to do so would deplete IDA’s resources.
Finance
News
African leaders speak out against donors
At a forum in Lagos Nigerian President Olusegun Obasanjo accused the World Bank, International Monetary Fund and creditor nations of being unfair to developing countries trying to repay crippling external debts, reports Reuters (17/5/01).
Finance
Background
Capital Account Liberalization and Poverty:
Summary of a discussion hosted by the Heinrich B
Featured briefings
6 April 2023
World Bank and IMF Spring Meetings 2023
5 April 2023
The IMF at the 75th anniversary of the Universal Declaration of Human Rights: The need for governance reform
As the world celebrates the 75th anniversary of the Universal Declaration of Human Rights, it is time the IMF’s shareholders use the opportunities provided by the anniversary and growing calls for reforms to the international financial architecture to redesign the IMF’s governance structures and programmes to ensure they are consistent with the commitments outlined in 1948 and with international human rights law.
5 April 2023
The global financial architecture and the international debt crisis: An urgent call for reform
Influence of unreformed international financial institutions and creditor interests in debt solutions in low- and middle-income countries plagued by delay and ineffective when undertaken.