Daniel Munevar

Daniel Munevar

Dam debt: Understanding the dynamics of Suriname’s debt crisis

In November 2020, Suriname joined ranks with Zambia, becoming the second country to default on its sovereign debt in the aftermath of Covid-19. In this briefing, we explore the origins of Suriname’s debt crisis and highlights the substantial challenges faced by the country to overcome it.

  • Debt Justice
  • Covid-19
Tove Ryding

The G20’s deceptive promise to act on the crisis of the century

Faced with the crisis of the century, the G20 has failed to meet the demands of the moment. As the Saudi Arabian presidency comes to a close, Eurodad policy experts take a critical look at what has been delivered.

  • Climate Finance
  • Covid-19
Daniel Munevar

The G20 “Common Framework for Debt Treatments beyond the DSSI”: Is it bound to fail? (II)

This two-part blog series will provide an analysis of the possible structure of the G20 “Common Framework for Debt Treatments beyond the DSSI”. Part I describes the likely structure of the framework. Part II analyses why a Paris Club-based approach to the Common Framework is unlikely to succeed.

  • Debt Justice
  • Debt Resolution
Daniel Munevar

The G20 “Common Framework for Debt Treatments beyond the DSSI”: Is it bound to fail?

This briefing provides an analysis of the possible structure of the G20 'Common Framework for Debt Treatments beyond the DSSI'. It describes the likely structure of the framework, and analyses why a Paris Club-based approach to the Common Framework is unlikely to succeed.

Read the briefing in English, Spanish, Portuguese and French.

  • Debt Justice
  • Covid-19
Daniel Munevar

The G20 “Common Framework for Debt Treatments beyond the DSSI”: Is it bound to fail? Part 1

This two-part blog series will provide an analysis of the possible structure of the G20 “Common Framework for Debt Treatments beyond the DSSI”. Part I describes the likely structure of the framework. Part II analyses why a Paris Club-based approach to the Common Framework is unlikely to succeed.

  • Debt Justice
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. 

Read the report in EnglishSpanish, Portuguese and French.

  • Debt Justice
  • Global Processes
Daniel Munevar

IIF Private creditor participation proposal: A cure worse than the disease

Following the G20 Debt Service Suspension Initiative (DSSI) announced during the 2020 Spring Meetings, the International Institute of Finance (IIF) has released a template for the voluntary involvement of private creditors in a debt service suspension.

  • Debt Justice
  • Covid-19
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.

Read the report in English, FrenchSpanish and Portuguese.

  • Debt Justice
  • Debt Resolution
Iolanda Fresnillo

Argentina: creditors must take action to stem human impact of debt crisis

Argentina continues to struggle with recession and a mounting debt crisis. The country has been on selective default for a few months, and is battling to avoid a broader default.

  • Debt Justice
  • Debt Resolution
Daniel Munevar

G20 debt service suspension: A response not fit for purpose (II)

This second part of our two-part blog series provides an assessment of the G20 Debt Service Suspension Initiative announced last week. Part I analyses the impact of the proposal on fiscal responses to Covid-19. Part II places the initiative in the context of the broader economic costs of the crisis for developing countries.

  • Debt Justice
  • Covid-19