Topic: Finance and debt
The IMF must immediately stop promoting austerity around the world
News / 7th October 2020More than five hundred of the world’s leading charities, social groups and academics have sent a letter to the International Monetary Fund warning that its support programs are condemning many countries to years of austerity.
Pope criticizes lack of unity in world’s response to coronavirus
News / 7th October 2020In an encyclical, the most authoritative form of papal teaching, Francis lamented poor cooperation among countries and warned the forces of “myopic, extremist, resentful and aggressive nationalism are on the rise.”
Gleneagles 15 years on: The last debt cancellation
Blog / 28th July 2020Last week marked 15 years since the G8 Summit in Gleneagles, Scotland, when leaders of the world’s richest countries agreed debt cancellation for many of the world’s poorest heavily indebted countries.
We can’t trust the IMF and World Bank to lead the COVID-19 recovery
Article / 26th June 2020Despite decades of protests against them, the IMF and World Bank continue to force the same discredited policies on poor governments and their people, writes Lara Merling.
People in the Global South don’t need debt relief, they need a new system
Article / 7th May 2020Far from being the 'great leveller', COVID-19 has exposed and deepened socio-economic inequalities, writes Meera Karunananthan for openDemocracy.
Citizen action is central to the global response to COVID-19
Blog / 24th April 2020Now is the time for citizens to ensure that world leaders forcefully respond to the COVID-19 crisis in accordance with human rights, write Isabel Ortiz and Walden Bello.
G20 suspends debt payments for poorest countries
News / 16th April 2020International aid and development organisations stress that suspending debt payments during a major global economic and health emergency may not be enough to fight the crises.
As coronavirus spreads to poorer countries, here’s how the world can help
Blog / 6th April 2020The time has come for a massively ambitious plan to overcome the impacts of the coronavirus crisis in developing countries, and on a scale we’ve never seen before in our lifetimes. By Chema Vera from Oxfam International.
Billionaire wealth just shrunk, but Coronavirus is no great leveller
Blog / 23rd March 2020While the world's richest have seen a dip in their stock holdings, those on the bottom of the wealth scale will bear the heaviest burden of the crisis, writes Max Lawson for inequality.org.
Urgent call to head off new debt crisis in developing world
News / 23rd March 2020Rapid action is needed to head off the risk of a new debt crisis in the world’s poorest countries amid evidence that the Covid-19 pandemic is raising borrowing costs and hitting commodity exports, according to a leading campaign group.