Debt Sustainability

Tax and Fiscal Justice Alliance Nepal

Nepal, Covid-19 and debt

Nepal has been caught in a blizzard of economic and health challenges caused by the Covid-19 pandemic. Like other countries in the global south, it has received insufficient and inadequate support to tackle these challenges. The consequences of the lack of international solidarity are being felt by the most vulnerable people across the country.

  • Debt Justice
  • Debt Sustainability
Julia Ravenscroft

Over 500 organisations and academics around the world call on IMF to stop promoting austerity in the Coronavirus recovery period

  • Eurodad analysis shows Covid-19 ‘recovery packages’ could force tax increases and spending cuts in 80 developing countries by 2023, threatening achievement of SDGs.
  • 59 countries have fiscal consolidation plans over next three years that are almost five times larger than Covid-19 response packages implemented in 2020
  • Debt Justice
  • Covid-19
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
Eurodad

Heads of states meeting: No more excuses - time for global economic solutions

#Covid-19 #UN #FinCEN #Tax #DebtSustainability #OECD #DAC #UNFCCC #Unga

  • Debt Justice
  • Global Processes
Jesuit Center for Theological Reflection (JCTR)

Zambia, Debt and Covid-19

The pandemic has had a devastating impact on the living conditions of the population of Zambia. Debt relief with private creditor participation is required now to ensure the country can boost its Covid-19 response and support a sustainable recovery.

  • Debt Justice
  • Debt Sustainability
Abdul Khaliq

Urgent debt relief needed as Pakistan faces perfect debt trap

The indicators of a severe debt crisis were already present in Pakistan long before the Covid-19 crisis hit. Coordinated efforts by CSOs all round the world are needed to ensure that countries like Pakistan are not left alone dealing with its impact.

  • 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
Mark Perera

Eurodad reacts to UN calls for a global mechanism for sovereign debt restructurings

Today, the UN Secretary General called for a sovereign debt restructuring mechanism to be established as part of the longer term response to the Covid-19 crisis and its economic impacts. The call is accompanied by a new report from UNCTAD - the main UN body dealing with trade, investment and development issues - calling for a global authority to oversee debt restructurings.

  • Debt Justice
  • Debt Sustainability
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
Daniel Munevar

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

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. 

  • Debt Justice
  • Covid-19