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Questions tagged [international-monetary-fund]

Questions related to the IMF, the International Monetary Fund.

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When the U.S. Congress discussed about increasing China's voting shares within the IMF, what were the arguments for and against that were used?

Experts say the US's reluctance for a quota reform that includes a realignment of voting shares stems from concerns that such an exercise would inevitably give more voting power to China. China ...
0 votes
1 answer
195 views

Why won't China accept losses on loans and want private creditors and multilateral institutions to do the same?

U.S. officials are among those who have criticized China for being unwilling to accept losses on loans unless private-sector creditors and multilateral development banks do the same. Consequently, ...
1 vote
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Is there a precedent of the IMF augmenting a loan due to considerations made as a result of a war?

Managing Director Kristalina Georgieva told Reuters on Friday that the IMF was “seriously considering” a possible augmentation of Egypt’s $3bn loan programme due to economic difficulties posed by the ...
3 votes
0 answers
47 views

Can the EU package aid through the IMF in exchange of political favors?

“European and some Gulf countries are trying to provide economic aid in order for Egypt to play a strong role in the humanitarian crisis,” Giuseppe Dentice, head of the MENA desk at the Centre for ...
12 votes
3 answers
4k views

Why is the IMF still lending money to Argentina?

Argentina has defaulted on their debt numerous times and it looks like they're refusing to implement sensible reforms to improve their economy. So why is the IMF still lending them money rather than ...
2 votes
2 answers
324 views

Why did the IMF refuse to fund Pakistan in 2023?

Since Pakistan is still struggling from economic recovery, why did the IMF refuse further loans to a sovereign nation? See the BBC's Pakistan IMF: Crucial bailout deal eludes negotiators: Eleventh-...
1 vote
2 answers
182 views

What does China get from being a member of the IMF?

What does China get from being a member of the IMF? They don't have a lot of voting power so it's unlikely that they can use their voting powers to do anything since the U.S. has the most voting power ...
0 votes
0 answers
101 views

Can the IMF technically kick Russia out of the organization?

https://en.wikipedia.org/wiki/International_Monetary_Fund Voting power in the IMF is based on a quota system. Each member has a number of basic votes (each member's number of basic votes equals 5.502%...
3 votes
1 answer
427 views

Are international organizations becoming less democratic?

The countries in the world are becoming more and more democratic. Are international organizations like the UN and IMF becoming less democratic? If yes, why?
5 votes
2 answers
454 views

Why is the IMF forcing indebted countries to lower public spending for growth if its goal is to help poor countries achieve economic growth?

Not only is the overarching criticism incorrect, notes Lindsey, but the examples that Stiglitz provides of how market fundamentalism led the IMF astray are vastly over-blown. According to Stiglitz, ...
30 votes
4 answers
7k views

What makes it hard for Southeast Asian countries (including India) to replace China and become new "world factory"?

Many people argue that it is hard for Western countries to pose economic sanctions on China by banning all (or most) imports from China, due to China's huge role in the world supply chain. I wonder ...
2 votes
1 answer
56 views

How are the members of The External Audit Committee (EAC) of the IMF chosen or elected?

How are the members of The External Audit Committee (EAC) of the IMF chosen or elected? The External Audit Committee (EAC) has three members, all of whom are independent of the IMF and its Executive ...
2 votes
1 answer
79 views

How can developing countries put their concerns on the IMF board's agenda or get their views taken into account during board discussions?

Contrarily to organizations such as the WTO, the power is skewed towards developed and major countries like China, which also have the most voting power. There seems to be a lack of effective ...
0 votes
1 answer
211 views

Why does the IMF set its development models and economic policies behind closed doors?

Nobel laureate economist Joseph E. Stiglitz argues that, as a public institution, the IMF should improve its own transparency by setting its development models and economic policies through ...
2 votes
0 answers
59 views

Are the 2020 ESM "coronavirus" MoUs substantially the same as the 2012-2013 ESM MoUs?

It's been asserted (more specifically now) in an answer to another question here that the 2012 (actually Jan 2013) ESM MoUs are effectively the same as the 2020 ESM "coronavirus" MoUs. Reasons I'm ...
7 votes
2 answers
711 views

Why does the IMF insist on maintaining the privatization of state entities as a reform policy as a prerequisite for borrowing states?

Why does the IMF insist on maintaining the privatization of state entities as a reform policy as a prerequisite for borrowing states? https://www.soas.ac.uk/cdpr/publications/papers/file24328.pdf ...
7 votes
1 answer
530 views

Did IMF grant a loan with no (reform) conditions to Romania in 2009?

I've been looking at some of the more recent IMF loans and the Wikipedia description of the one given to Romania appears to imply no reform conditions were attached to the loan: While in January 2009,...
2 votes
2 answers
335 views

Did the Greek economy contract more than Syria's in the past decade?

From a BBC article: According to the International Monetary Fund (IMF), only four countries have shrunk economically more than Greece in the past decade: Yemen, Libya, Venezuela and Equatorial ...
5 votes
1 answer
799 views

Why do countries almost always oppose IMF's proposed reforms?

Dhaka to oppose reforms to IMF debt limits policy Mugabe dumps IMF reforms, vows to keep price control Greece opposed to IMF demands on labor reforms Between a rock and a hard place: Tunisia and the ...
5 votes
1 answer
901 views

Can IMF encourage countries to Democracy in exchange of loans?

In conclusion of this paper it is mentioned that: There is a robust and positive relationship between democracy and economic growth We know that, the final goal of IMF is to establishing peace, ...