Reports

Eurodad's deep and detailed understanding of its key work areas has helped it build a strong reputation as a body for current and accurate analysis of complex policy issues.

Iolanda Fresnillo
Daniel Munevar

Arrested Development: International Monetary Fund lending and austerity post Covid-19

A Eurodad-led review reveals insufficient and inadequate multilateral response to the Covid-19 pandemic on the part of the IMF, locking a large number of countries into a decade-long crisis of debt and austerity.

  • Debt Justice
  • Debt Sustainability
Daniel Munevar

Back to the Future: A sovereign debt standstill mechanism - IMF Article VIII, Section 2 (b)

A new Eurodad report has identified an available IMF mechanism to impose debt standstills: Article VIII, Section 2 (b) of the IMF Articles of Agreement. The article in question allows the IMF to impose a debt standstill through the temporary suspension of enforceability of debt contracts in domestic courts of more than 189 IMF member countries, including the US and the UK.

  • Debt Justice
  • Debt Resolution
Daniel Munevar

Financiamiento de emergencia para Economías de Bajos Ingresos

La crisis de Covid-19 tiene el potencial de devastar el sustento y las vidas de los 1.200 millones de personas en 69 Economías de Bajos Ingresos cubiertos por este informe. 

  • Debt Justice
  • Debt Resolution
Daniel Munevar

Moratoria de la deuda para 69 Economías de Bajos Ingresos

Evaluación de costos de una moratoria de la deuda para enfrentar la crisis de Covid-19

  • Debt Justice
  • Debt Resolution
Daniel Munevar

Emergency financing for Low-Income Economies to tackle Covid-19

This briefing is provided to inform development of policy responses to the Covid-19 crisis and in support of calls from wider civil society for debt cancellations for the world’s poorest countries in the face of the current crisis. 

  • Debt Justice
  • Debt Sustainability
Daniel Munevar

A debt moratorium for Low Income Economies

This briefing provides an assessment of the costs and implications of an immediate debt moratorium for 69 countries classified as Lower Income Economies.

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo

Resumén: Fuera de servicio: Cómo amenaza a los servicios públicos y los derechos humanos la creciente crisis de la deuda

Los servicios públicos desempeñan un papel fundamental en los avances en materia de derechos humanos y lucha contra la desigualdad. Sin embargo, los crecientes niveles de deuda pública externa, especialmente en el Sur global, amenazan los servicios de los que dependen los ciudadanos para tener, incluso, un nivel de vida básico.

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo

Fuera de servicio: Cómo amenaza a los servicios públicos y los derechos humanos la creciente crisis de la deuda

Los servicios públicos desempeñan un papel fundamental en los avances en materia de derechos humanos y lucha contra la desigualdad. Sin embargo, los crecientes niveles de deuda pública externa, especialmente en el Sur global, amenazan los servicios de los que dependen los ciudadanos para tener, incluso, un nivel de vida básico.

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo

Briefing: Out of Service: How public services and human rights are being threatened by the growing debt crisis.

Public services play a critical role in advancing human rights and fighting inequality. However, growing levels of external public debt, especially in the global south, threaten the very services on which citizens depend in order to have even a basic standard of living.

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo

Out of service: How public services and human rights are being threatened by the growing debt crisis

Public services play a critical role in advancing human rights and fighting inequality. However, growing levels of external public debt, especially in the global south, threaten the very services on which citizens depend in order to have even a basic standard of living.

  • Debt Justice
  • Debt Resolution
Isabel Ortiz

Austerity: The new normal

Austerity and the Washington Consensus do not need to be the “new normal.” There are alternatives, even in the poorest countries.

  • Debt Justice
  • Debt Sustainability
Mark Perera

Podemos resolverlo: Los 10 principios de la sociedad civil para la resolución de la deuda soberana

Ahora existe un amplio consenso en las comunidades financieras y de desarrollo internacionales de que está creciendo una nueva ola de crisis de deuda

  • Debt Justice
  • Debt Resolution
Mark Perera

We can work it out: 10 civil society principles for sovereign debt resolution

There is now widespread consensus within the international finance and development communities that a new wave of debt crises is unfurling. 

  • Debt Justice
  • Debt Resolution

Transparency of loans to governments

Transparency of debt information is good for everyone. It gives lenders more certainty about the basis upon which they are lending, it gives borrowers lower interest rates, and it allows citizens to subject lending and borrowing by their governments to more scrutiny, including through holding public debt audits into borrowing and lending decisions. 

  • Debt Justice
  • Jubilee Debt Campaign

Debt Cancellation for Somalia: The road to Peace, Poverty Alleviation and Development

As a result of protracted conflict and devastating recurring droughts, Somalia is one of Sub-Saharan Africa’s most troubled and underdeveloped countries.

  • Debt Justice
  • Debt Resolution

Joint Civil Society Submission to the UNCTAD

The second session of the Intergovernmental Group of Experts on Financing for Development will focus on the action areas of sections E and F of chapter II of the Addis Ababa Action Agenda, as follows: debt and debt sustainability and interrelated systemic issues. 

  • Debt Justice

Civil society calls on G20 leaders to urgently take joint action in tackling global challenges

More than 600 Civil Society Organizations from all over the world have been working together for the last months via the Civil 20 (C20) to engage with the G20 on the most critical challenges facing today’s world.

  • Development Finance
  • Global Processes
Eurodad

Advocating for Financial Justice at the International Monetary Fund - A short toolkit

The International Monetary Fund (IMF) is a key part of the international financial architecture and wields huge influence over the domestic economic policies of impoverished countries

  • Debt Justice
  • Debt Resolution

Finance for/to citizens – making finance serve general interest

This report analyses finance's impacts on poverty, inequality and general interest more broadly.

  • Debt Justice

Civil Society position on the IMF and World Bank Debt Sustainability Framework Review

Civil Society position on the IMF and World Bank Debt Sustainability Framework Review submitted in June 2016.

  • Debt Justice
  • Illegitimate Debt
Jesse Griffiths

Is the global financial and economic system fit to deliver the Sustainable Development Goals?

The Sustainable Development Goals (SDGs) are ambitious objectives: business as usual will not deliver them.

  • Debt Justice
  • Aid Quantity

Mozambique should not pay the hidden debt

Mozambique should not pay the hidden debt by Joseph Hanlon

  • Debt Justice
  • Debt Sustainability

Paris Proof Export Support: why and how the Dutch government must exclude credit support for fossil fuel

Export Credit Agencies (ECAs) are key institutions governments employ to support private companies doing business overseas. ECAs offer a wide range of guarantees and insurances to private companies. This makes it easier for these companies to gain access to finance, mostly from banks.

  • Debt Justice
  • Debt Sustainability
  • Both ENDS

The G20 Compact with Africa and the proposed "Marshall Plan" for Africa: welcoming the initiatives with caution

African civil society groups give a "cautious welcome" to the G20's plans for a "Compact for Africa"

  • Debt Justice
  • Debt Sustainability
  • Afrodad

Honest Accounts 2017 - How the world profits from Africa's wealth

This new report, published by a coalition of UK and African organisations, including Eurodad members Global Justice Now and Jubilee Debt Campaign, makes a series of recommendations as to how the system extracting wealth from Africa could be dismantled.

  • Debt Justice
  • Jubilee Debt Campaign
  • Global Justice Now

Making the global financial system more resilient - A regional/group-wise approach to sovereign debt workouts

In this study from Eurodad member erlassjahr.de, in cooperation with the Friedrich Ebert-Foundation.

  • Debt Justice
  • Erlassjahr

Global Sovereign Indebtedness Monitor 2017 (English version)

In the run-up to the G20 Finance Ministers' meeting in Baden-Baden last weekend, Erlassjahr / Jubilee Germany released their annual report on sovereign indebtedness.

  • Debt Justice
  • Debt Resolution
  • Erlassjahr

The new debt crisis in the Global South

In January 2017 the government of Mozambique defaulted on a bond interest payment. Ghana is already dependent on loans from the IMF and World Bank to pay the high interest on loans from private lenders. Many of these debts are under the jurisdiction of the UK, with over 90% of subSaharan African government bonds owed under English law.

  • Debt Justice
  • Debt Sustainability
  • Jubilee Debt Campaign

The fall and rise of Ghana’s debt: How a new debt trap has been set

Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year.

  • Debt Justice
  • Debt Resolution
  • Jubilee Debt Campaign

The Evolving Nature of Developing Country Debt and Solutions for Change

This Eurodad discussion paper analyses the evolving nature of developing country debt and solutions for change. It aims to identify relevant reform processes on an international level, and more practically to keep progressive actors that want to drive change informed about existing opportunities.

  • Debt Justice
  • Debt Resolution

The IMF in the Arab World: lessons unlearnt

This report surveys the IMF’s impact on post revolutionary Arab states by documenting the history of IMF involvement in the region. It then traces the change in IMF rhetoric and practice before and after 2011 in four Arab countries: Tunisia, Morocco, Jordan, and Egypt.

  • Debt Justice
  • Debt Resolution
  • Bretton Woods Project

The new debt trap: how the response to the last global financial crisis has laid the ground for the next

This report investigates the debts owed by countries as a whole – both their governments and the private sector – minus the debts owed to them. It finds that the level of such debts owed between countries has risen from $11.3 trillion in 2011 to $13.8 trillion in 2014, and predicts that in 2015 they will increase further to $14.7 trillion.

  • Debt Justice
  • Illegitimate Debt
  • Jubilee Debt Campaign

Financing for Development: Key challenges for policy makers

This paper draws key conclusions for policy makers based on research and major analyses that have been published in the run up to the United Nations’ third Conference on Financing for Development (FfD), which takes place in Addis Ababa in July 2015.

  • Tax Justice
  • Debt Sustainability

World Debt Figures 2015

The Committee for the Abolition of Third World Debt (CADTM) has been working tirelessly since 1990 to demonstrate the relationship between debt and the inability of the world’s economic system to secure even the most basic rights for hundreds of millions of people around the world. 

  • Debt Justice
  • Debt Resolution
  • CADTM

The Suffering of Others: The human cost of the International Finance Corporation’s lending through financial intermediaries

Billions in “out of control” IFC investments into third-parties causing human rights abuses around the world 

  • Debt Justice
  • Oxfam International

Towards justice-centred debt solutions: Lessons from Argentina

In a report titled, “Towards justice-centred debt solutions: Lessons from Argentina,” launched by Eurodad's member Debt & Development Coalition Ireland (DDCI), Argentine economist Professor Alan Cibils points to a number of lessons for Ireland and Europe from the Argentinean experience of debt crisis.

  • Debt Justice
  • Debt Resolution
  • DDCI

Socialising losses, privatising gains

Eurodad’s members SOMO and Both ENDS in collaboration with Transnational Institute and Milieudefensie (Friends of the Earth Netherlands) have published a report titled Socialising losses, privatising gains. How Dutch investment treaties harm the public interest. This paper gives a critical civil society perspective on the clear tension between BITs protections and the democratic right and duty of the state to regulate in the broader public interest.

  • Debt Justice
  • Both ENDS
  • SOMO

Six key points about Greek debt and the forthcoming election

Eurodad member Jubilee Debt Campaign have put together a briefing of six key facts about Greece’s debt ahead of the country's elections on Sunday 25th January.

  • Debt Justice
  • Illegitimate Debt
  • Jubilee Debt Campaign