Debt Justice

Isabelle Brachet

Developing countries need grants not more debt to recover from the Covid-19 crisis

Piling on more debt on to the shoulders of developing countries will not help them recover from the Covid-19 crisis, write Isabelle Brachet and Maria Jose Romero.

  • Debt Justice
  • Debt Resolution
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
  • Debt Resolution
Eurodad

Register for Eurodad Policy Forum webinar

#Covid-19 #IMF #Debt #DevelopmentFinance #CONCORD #HumanRightsWatch #LebanonSupport #JobVacancy

  • Development Finance
  • 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
Eurodad

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

#Covid-19 #Paris #Argentina #Debt #GreenDeal #OECD #Development #ActionAid #JobVacancy

  • Climate Finance
  • Covid-19
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
Eurodad

Is ODA Up To The Challenges Posed By The Coronavirus Pandemic?

#Covid-19 #IMF #OECD #Debt #SpringMeetings #G20 #ODA

  • Climate Finance
  • Covid-19
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
Maria Jose Romero

IMF-World Bank Spring Meetings 2020: a world in crisis looks for leadership

The International Monetary Fund (IMF)-World Bank virtual Spring Meetings took place as global economic turmoil deepened

  • Publicly-backed Private Finance
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