IMF policies have exacerbated corruption according to a Christian Aid briefing on new approaches to debt relief.
Finance
Finance
Analysis
Assessing Assessing Aid
A discussion and critique of the main points in a prominent World Bank report on aid policy and conditionality - “Assessing Aid, What Works, What Doesn’t and Why”. The Bank’s report is very frank about the many failures of aid financing, but its proposals of targeting finance to good performing countries are controversial (1999).
Finance
News
ESAF-HIPC Link Attacked
Mr Jagdeo, Guayanese Finance Minister, has attacked the IMF for its lack of commitment to debt reduction and using the HIPC Initiative as a means of forcing countries to comply with ESAF programmes.
Finance
News
IMF Articles change on hold
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.
Finance
News
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.
Finance
News
Scaffolding for global architecture
In late October the G7 took limited steps to strengthen the international financial architecture, after the World Bank-IMF annual meetings ended with a plethora of proposals but no substantive agreement.
Finance
News
“New debt crisis”
Investors’ growing aversion to risk is leading to a general withdrawal of finance from many Southern countries.
Finance
News
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.
Finance
News
J2000 mobilise 70,000
An estimated 70,000 people demonstrated in Birmingham to call on G8 leaders to cancel poor countries’ unpayable debts.
Finance
News
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.
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.