Action to change the IMF’s Articles of Agreement to extend the Fund’s purview to cover capital account liberalisation has been put on hold since the financial crisis.
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Citizens groups set out 6 point alternative plan
Leading non-governmental thinkers and advocates met in Ottawa in parallel with the Commonwealth Finance Ministers’ meeting to discuss financial crises and the needs of the world’s most vulnerable and poorest people.
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“New debt crisis”
Investors’ growing aversion to risk is leading to a general withdrawal of finance from many Southern countries.
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IMF hints at U-turn on capital controls
There are signs that the IMF may be reconsidering its stance that all capital flows are harmful.
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J2000 mobilise 70,000
An estimated 70,000 people demonstrated in Birmingham to call on G8 leaders to cancel poor countries’ unpayable debts.
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UK pushing controversial new IMF powers
The UK government is leading the effort to enable the IMF to pursue capital account liberalisation (CAL) in its member countries.
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Loan costs set to rise
Borrowers from the International Bank for Reconstruction and Development (IBRD), the main World Bank lending arm, may have to pay higher charges for their loans in the future.
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Preventing private sector debt crises
In addition to extending the IMF’s role, its governors have been examining measures to prevent future financial sector crises.
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IMF criticism grows as S. E. Asia Crisis Worsens
Doubts about the IMF’s capacity to deal with international currency problems are mounting as the South East Asian crisis worsens despite the IMF’s bail-out efforts.
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Nicaraguan civil society fears delay in debt process
Nicaraguan civil society organisations (CSOs) fear Nicaragua will not qualify for the HIPC Debt Initiative before the population has suffered further.
