Argentina’s new government devalues peso by more than 50%
Package of spending cuts introduced in attempt to tackle country’s worst economic crisis in decades Argentina has devalued its currency, the peso, by more than...
Category : International Monetary Fund (IMF)
IMF clings to a hopeful agenda as crisis follows crisis
At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again Last week’s turmoil...
Paris finance reforms could untie poor countries’ hands in climate crisis
Changes to the World Bank could unlock developing states access to loans and to the means of staving off disaster The Netherlands has almost the...
IMF calls for ‘another Gleneagles moment’ on debt relief and aid
Package similar to 2005 deal needed as struggling African countries suffer severe funding squeeze, says official Western countries need to put together a debt relief...
Water ban in drought-stricken Tunisia adds to growing crisis
Risk of unrest rises amid fourth dry year, poor grain harvest, weak economy and likely food subsidy cuts Tunisia has introduced water rationing as the...
World Bank walking tightrope as it mulls increased lending to poorest
Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs? Not since the...
Lenders urged to cancel Zambia debt as country faces economic collapse
Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country More than 100 economists and academics have urged international...
Neglect Africa now and we will face labour shortages globally, IMF warns
West’s response to effects of Covid and Ukraine war condemned as shortsighted ‘collective failure’ to invest in future human capital The international community would be...
BlackRock urged to delay debt repayments from crisis-torn Zambia
Anti-poverty campaigners say world’s largest fund manager refuses to reduce or delay payments on Zambia’s debt BlackRock, the world’s largest fund manager, has come under...
