A coalition of 34 CSOs expressed their concerns regarding the rapidly worsening of debt distress and fiscal conditions in many low- and middle-income countries. Meanwhile citizens are facing inflationary pressures as well as the ongoing impact of Covid-19, the war in Ukraine and the climate crisis. This letter was sent to the G20 Finance Ministers and Central Bank Governors, the Indonesian presidency Finance Minister Sri Mulyani and Central Bank Governor Perry Warjiyo, the European Commission, the G24, the South Centre and the UN Secretary General. 

#TiedAid #ODA #SMCSO22 #IMFSurcharges #PacificDebtConference #EurodadIC2022

Join Eurodad and partners at the Civil Society Policy Forum and World Bank Group - International Monetary Fund Spring Meetings this April.

Ghana passed quickly from being the poster child economy for West Africa to being one step away from losing its access to international capital markets.

Last week, G20 Finance Ministers failed to act on calls to enhance the Common Framework. In this article we look at the trends and risks regarding sovereign debt that the G20 seem to be ignoring and we believe will need close attention in the coming months. 

This article was originally published on 16 February and updated on 24 February. 

#Covid19 #IMFNews #RST #EIB #DebtSwap #Infrastructure

#DebtJustice #IDA20 #WorldBank #PolicyForum

On Thursday, the IMF published a blog on the problems facing the implementation of the G20 Common Framework (CF). This signals a victory for civil society campaigners – but is ultimately too little too late.

IMF surcharges are a system of fees on loans from this institution which places an unfair burden on vulnerable countries that are in need of financial support. This guide explores how IMF surcharges work and provides an overview of the costs they impose on IMF borrowing at the global and country level. The large costs associated with surcharges are unjustified in the current global health crisis.

Eurodad experts analyse how COP26 failed to deliver on climate finance, loss and damage and adaptation.