IMF
IMF
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Pro-poor or anti-poor? The World Bank and IMF’s approach to social protection
13 April 2018 - by Stephen Kidd
In recent years, the World Bank and IMF have played an influential role in shaping national social protection policies. Social protection comprises a significant share of World Bank loans, reaching almost 10 per cent of lending to low-income (...) -
The Central Bank of Uganda Comes Clean About Looming Debt Distress
26 March 2018 - by Mary Serumaga
Uganda has finally admitted that there is an increasing likelihood that the country will default on its debt obligations. The (Central) Bank of Uganda issued the warning in the first quarterly State of the Economy Report of 2018. The public (...) -
Tunisia: protesting austerity, demanding sovereignty
26 February 2018 - by Hamza Hamouchene
The recent protests show that Tunisia is still a cauldron of popular resistance against neoliberal and neo-colonial attacks on the country’s sovereignty. Around 800 people were arrested, dozens were injured and at least one person was killed in (...) -
The Fate of the Revolution
22 February 2018 - by Nathan Legrand
Tunisia’s ruling class is pursuing the same economic policies as the authoritarian regime it replaced. In the first half of January, a wave of protests spread across Tunisia. Most observers say that the new finance law, implemented at the (...) -
Tunisia: “The promised economic miracle never happened” – A continuation of the uprisings of 2011
30 January 2018 - by Gilbert Achcar
For the specialist of the Arab world Gilbert Achcar, the Tunisian revolt was “foreseeable”. And it is a continuation of the uprisings of 2011. Originally from Lebanon, which he left in 1983 for Paris, Berlin and now London, at the School of (...) -
Open letter to the International Monetary Fund on social protection
9 January 2018 - by Juan Pablo Bohoslavsky
ON December 21st 2017, the Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, sent jointly with several other UN human rights experts an open letter to the International Monetary Fund on the IMF’s approach to social (...) -
The IMF mission to Iran expressed enthusiastic support for elimination of the universal cash transfer
7 January 2018 - by Peter Bakvis
Some colleagues will have seen the communiqué issued by the ITUC on Thursday concerning the widespread protests in Iran, underscoring the “spiralling inflation and the continued decline in real incomes” in the country (see the full comuniqué (...) -
The case for repudiation of Uganda’s public debt
8 December 2017 - by Mary Serumaga
Uganda is in imminent danger of defaulting on its debt repayment obligations. The Auditor General notes in 2017 that interest payments on the public debt exceeded legal limits (15% of the annual budget) and are likely to be unsustainable going (...) -
IMF needs radical reform to halt ‘failed policies’ of privatization and austerity – UN expert
26 October 2017 - by United Nations - Human Rights
NEW YORK (17 October 2017) – The lending policies of the International Monetary Fund are actively undermining some of the UN’s human rights and development priorities, as well as promoting the “failed” policies of privatization and “austerity”, a UN (...) -
Hidden debts contribute to crisis in Congo
18 October 2017 - by Jubilee Debt Campaign
The IMF has reported that the Republic of Congo’s debt is higher than previously thought, but has not shown by how much or who the hidden debt is owed to. The Fund and Congo are in discussion on a bailout and austerity programme. In a March (...) -
Debt relief for the hurricane-hit islands is the least we should do
14 October 2017 - by Tim Jones
As the devastation from recent hurricanes in the Caribbean becomes clearer, the calls for debt relief for affected countries grow stronger, writes Tim Jones ‘We have lost all that money can buy and replace,’ said Roosevelt Skerrit, the prime (...) -
IMF Ukraine programme’s impact on women’s rights criticised at Human Rights Council
SUMMARY * WILPF submitted statement to HRC criticising IMF Ukraine programme * Statement argued programme’s harsh conditionalities hurt women * Called for human rights based approach to macro policy making In May the Geneva-based Women’s (...) -
IMF substantial profits thanks to Greece (2010-2015)
10 July 2017 - by Dimitri Tzanninis
Ten Best Practices Yet to be Applied to the Greece Program, by Dimitri Tzanninis (former Greece Ministry of Economy and Finance, former IMF) USC Global Leadership Summit, 29-30 April 2016 Watch this video on Youtube Watch the Q&A (...) -
The dark side of infrastructure investment in Africa
12 June 2017 - by Collective
With its Compact with Africa the German G20 presidency is actively promoting private loans and investment as solutions to infrastructure deficiencies on the African continent. The Compact aims at using public resources in order to improve the (...) -
IMF lending freeze “pushing Tunisia to the brink”
11 April 2017 - by Bretton Woods Project
IMF freezes second tranche of $2.8 billion loan to Tunisia ITUC accuses Fund of risking democratic progress in Tunisia In February it emerged that the IMF had frozen payment on its $2.8 billion four-year Extended Fund Facility loan programme (...) -
The BRICS New Development Bank meets in Delhi, to dash green-developmental hopes?
30 March 2017 - by Patrick Bond
Will the Brazil-Russia-India-China-South Africa (BRICS) bloc ever really challenge the world financial order? The BRICS New Development Bank (NDB) leadership is meeting in New Delhi from 31 March to 2 April with a degree of fanfare unmatched by (...) -
Kathmandu Declaration of South Asia Peasants’ Convergence
14 March 2017 - by Collective
We, the representatives of South Asian peasant organizations, agricultural labourer unions, plantation workers unions, young farmers, women, landless and Dalits, Adivasis, small and marginal farmers, pastoralist and herders and other small food (...) -
How years of IMF prescriptions have hurt West African health systems
3 March 2017 - by Alexander E. Kentikelenis, Thomas Stubbs
The International Monetary Fund (IMF) provides financial assistance to countries in economic trouble. But its policy proposals don’t always yield positive results for the countries it purports to help. For instance, critics have argued that the (...) -
Egypt’s new IMF deal comes with a huge price tag for human rights
13 February 2017 - by Mahinour El-Badrawi, Allison Corkery
The government of Egypt has sealed a loan deal with the IMF following four years of negotiations. The impacts of the structural adjustment reforms associated with the loan raise strong human rights concerns, particularly for the status of (...) -
The Mozambican debt crisis: How a sovereign state was sold
9 February 2017 - by Mary Serumaga
In 2013 Mozambican government officials formed three private companies and took out illegal secret loans totaling $2 billion. Donors suspended credit to Mozambique because of the loans as the national currency fell by 70% in 2016. Restructuring (...) -
Secret IMF Documents on Greece commented by Eric Toussaint (CADTM)
16 January 2017 - by Eric Toussaint
The CADTM draws attention to two IMF documents dating from March and May 2010 that were kept secret. These authentic documents were placed at the disposal of the Truth Committee on Greek Public Debt by Zoe Konstantopoulou, the President of the (...) -
Will Washington’s New Pro-Moscow, Anti-Beijing Gang Drive a Wedge Through the BRICS in 2017?
9 January 2017 - by Patrick Bond
The weeks following an underwhelming of local currency mismanagement; and sudden new foreign-policy divergences may wreak havoc in China and Russia. The BRICS bloc’s relations could well destabilise to the breaking point. Even before the next (...) -
Lagarde Trial: A business class get-out-of-jail free card
5 January 2017 - by CADTM France, CADTM Belgium
The committee for the abolition of illegitimate debts reacts to the French Court of Justice’s verdict, exempting the managing director of the International Monetary Fund (IMF). On Monday 19th of December 2016, the French Court of Justice gave (...) -
Press release
The LuxLeaks and Lagarde trials: for how much longer will the judiciary protect financial delinquents?
20 December 2016 - by CADTM France, CADTM Switzerland , CADTM Belgium, Attac Luxembourg, CADTM Estado español
LuxLeaks trial: the wrong ones are in the dock! On 12th December the trial of Antoine Deltour, Raphaël Halet and Edouard Perrin – the two whistleblowers and the journalist who brought the Luxleaks scandal out into the open— opened again in (...) -
Four reasons why Greece should not have paid the IMF
14 December 2016 - by CADTM International
On 7 December 2016 Greece remitted €299 million to the IMF. This sum corresponds to a part of the “bail-out” that was granted in 2010 and is all at the same time illegal, illegitimate, odious and unsustainable. To start with, only 5% of the sums (...)
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