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, French, Spanish and Portuguese.
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.
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.
This blog series of two parts will provide 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.
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.
Evaluación de costos de una moratoria de la deuda para enfrentar la crisis de Covid-19
As the world grapples with responding to the Covid-19 pandemic, this blog explores the key issues for countries in the global south.
On 13 April, the IMF announced an initiative to provide debt relief for a selected group of 25 countries.
El costo humano y económico de la crisis causada por COVID-19 es un claro recordatorio de la fragilidad de nuestra sociedad globalizada.
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.
