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. 

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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.

Without a human rights-based alternative to austerity, many countries will find themselves trapped in a vicious cycle of self-defeating fiscal adjustments, instability and unsustainable debts.

Join Eurodad at the virtual Policy Forum 2021 taking place from 22 to 25 November.

G20 leaders met in Rome last weekend (30 and 31 October) to address what they termed “today’s most pressing global challenges”. In the end they took no meaningful new decisions. The photo opportunity with G20 leaders throwing a coin into the Trevi fountain was a potent symbol of what the Summit turned out to be: wishful thinking without any action.