Debt Sustainability

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
  • Global Processes
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
  • Debt Sustainability
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
  • Debt Sustainability
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
  • Debt Sustainability
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