The outcome of this week’s Annual Meetings of the World Bank and IMF show that the institutions are moving in the wrong direction.
Tag: debt (page 1 of 3)
The World Bank and IMF Annual Meetings for 2025 are taking place in Washington, D.C., October 13–18, at the World Bank Group and IMF headquarters. The meetings bring together the international community to discuss global economic challenges and opportunities, with a focus on creating jobs and driving sustainable growth, according to the International Finance Corporation (IFC) and World Bank.
Meanwhile, with prices at record highs, the IMF should use its gold reserves to fund much-needed support for developing countries.
Finland’s government wants public debt below 40 percent of GDP, forcing decades of cuts stricter than EU rules.
Finland’s Right-Wing Coalition Plans Fifty Years of Austerity Through National Debt Brake
External Debt, climate debt and reparations in the Jubilee Year – Report Action Aid
FINAL Who Owes Who – FINAL COPY FOR WEBSITE – 5th Feb 2025.pdf
The answer of civil society organisations for Jubileee 25
Western financial policies have been squeezing economies worldwide. After being urged to borrow commercial finance heavily, developing countries now struggle with contractionary Western monetary policies.
Western Finance Ruining Economies of the Rest | Inter Press Service
Debt swaps for climate and conservation goals have experienced a resurgence in recent years. As COP29 negotiations kick off, they are presented as a dual solution for debt and climate issues, however they fall short in practice and pose risks that threaten to harm global south countries and communities. This briefing explains why instead of debt swaps, we need urgent debt cancellation and grant-based climate finance.
A Reform Agenda for the Upcoming 4th International Conference on Financing for Development
When history repeats itself, the first time is a tragedy; the next is a farce. If we fail to learn from past financial crises, we risk making avoidable errors, often with irreversible, even tragic consequences.
Handling Financial Crises in the South | Inter Press Service (ipsnews.net)
For some time, most multilateral financial institutions have urged developing countries to borrow commercially, but not from China. Now, borrowers are stuck in debt traps with little prospect of escape.
US Fed- Induced World Stagnation Deepens Debt Distress | Inter Press Service (ipsnews.net)
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