Tag Archives: IMF

IMF Ukraine programme’s impact on women’s rights criticised at Human Rights Council

In May the Geneva-based Women’s International League for Peace and Freedom (WILPF) submitted a written statement to the UN Human Rights Council addressing the impacts of IMF macro-economic reform programmes on women’s rights in Ukraine. The statement outlined various ways in which the recent IMF-demanded Ukrainian economic reforms (see Observer Spring 2015 and Winter 2016), have “violated women’s economic and social rights and contributed to the feminisation of poverty and deepening of gender inequalities”. WILPF pin-pointed three specific IMF policy conditions, fuel subsidy cuts, cuts to the public sector and tax policies, as having significant gendered impacts.

Morales Declares ‘Total Independence’ from World Bank and IMF

July 22

Bolivia’s President Evo Morales has been highlighting his government’s independence from international money lending organizations and their detrimental impact the nation.

“A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established,” Morales tweeted. “These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them.”

Greece | Why Greece is Germany’s ‘de facto colony’

For days, the Greek leader has been working the phones, trying to secure the best possible terms for his country as it enters the last mile of its seemingly endless cycle of bailouts. So far, his efforts have won him more mockery than respect — especially in Germany.

Ukraine | IMF demands pension cuts as condition for further loans to Ukrainian government

Ukrainian Finance Minister Oleksandr Danyliuk says that Ukraine will not receive a new disbursement from the International Monetary Fund (IMF) if it does not conduct pension reform.

“There are some key conditions for receiving the next tranche. Pension reform is very important. There will be no disbursement without the pension reform,” he said during debates at Hudson Institute, Washington, D.C., when answering a question about conditions for the next tranche under the IMF’s Extended Fund Facility (EFF).

Greece | A fourth program or a debt haircut for Greece

In November 2012, at the insistence of the IMF, the Eurogroup committed in fairly explicit terms to provide debt relief to ensure that Greece’s debt-to-GDP ratio would be substantially lower than 110 percent by 2022. In successive steps, these commitments were taken back and the metric to assess debt sustainability was changed. It was not until May 2016 that the IMF was able to bring back the topic, and finally armtwist the Eurogroup again into committing to new staged debt relief measures.