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Campaign improves IMF debt assessments, but risk of crises continues to increase

10 Oct 2017 11:16:12

This is a guest blog article by Tim Jones from the Jubilee Debt Campaign.  The IMF and World Bank have agreed some positive changes to their system for monitoring debts of impoverished countries, though some large issues have been ignored. The system, known as the Debt Sustainability Framework, is important as it directly impacts on amounts of lending by the World Bank and other multilateral development banks, and influences lending decisions by governments and the private sector. A key improvement is that some of the hidden cost from Public-Private Partnerships (PPPs) will now be included. This was one of the main demands of global civil society of the review, and 2,500 people wrote to the UK’s representative at the IMF asking for this change to be made. One of the main reasons government’s ...
Eleven years ago, the international community adopted the Paris Declaration on Aid Effectiveness that led to the adoption of several principles to improve the effectiveness of international aid. Reflecting on the widely criticised fact that creditors ...
The role of International Financial Institutions (IFIs) – particularly the International Monetary Fund (IMF) – in Central and Eastern Europe (CEE) has not been the central focus of many analyses in the past. To address this gap, four case studies ...
+CADTM
The International Monetary Fund (IMF) announced its intention to cancel almost $100m of debt owed by the Ebola-affected countries Guinea, Liberia and Sierra Leone, and announced it would provide $160m in new loans. Debt justice campaigns welcomed the ...

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Greek elections: Time for the EU to talk debt

Bodo Ellmers

26 Jan 2015 15:45:46

The outcome of yesterday’s elections in Greece puts a new government in power that takes an alternative and proactive approach to ending the heavily indebted nation’s debt crisis. European debt justice groups welcome the plans of the new Syriza-led government to renegotiate Greece’s heavy debt burden with its creditors. These negotiations should start as soon as possible. Muddling through is no longer an option The policy of ‘muddling through’ with which the EU - assisted by the International Monetary Fund - dealt with the Greek debt crisis has lasted for far too long. And it never solved the problem. Today, Greece suffers from a debt burden that is higher than ever before. It amounts to 174 per cent of GDP, roughly three times of what is considered a sustainable debt to GDP ratio ...
G20: what was achieved in 2014? The leaders of the G20 group of nineteen large economies plus the European Union met in Brisbane in November last year, capping off a year during which rhetoric significantly overshadowed achievements. Eurodad’s wrap ...