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The IMF and PPPs: A master class in double-speak

María José Romero and Gino Brunswijck of Eurodad say the International Monetary Fund (IMF) is simultaneously warning about the fiscal effects of ‘public-private partnerships’ and promoting them. “The advice of the IMF seems to lack coherence when it comes to PPPs. On the one hand the IMF recognises the fiscal risks associated with PPPs in its policy advice, while on the other there is a continued push for fiscal austerity measures, which has paved the way for the introduction of PPPs in many countries.”consolidation.

Source: Bretton Woods Project

Tunisian state workers strike as pay rise rejected under pressure from IMF

A breakdown in wage negotiations between the government and the unions over a civil service pay rise led to a November 22 strike.The strike was precipitated by the government’s rejection of the workers’ wage demands under pressure from the IMF.

Source: Middle East Eye

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Spending, Accountability, and Recovery Measures included in IMF COVID-19 loans

To respond to the outbreak of the COVID-19 pandemic, the International Monetary Fund (IMF) has committed $1 trillion and as of September 20, 2020 had provided $89 billion worth of financial assistance to countries around the world. Oxfam has reviewed the publicly available IMF COVID-19 loan documents associated with 91 loans to 81 countries, extracting and collating select data from each loan document relevant to spending, accountability, and proposed recovery measures.


How to Control the Fiscal Costs of Public-Private Partnerships

This IMF note, discusses what finance ministries can do to ensure that public-private partnerships (PPPs) are used wisely. By inviting private participation in infrastructure development and service provision, PPPs can help improve public services. Yet, strong governance institutions are needed to manage risks and avoid unexpected costs from PPPs. While in the short term, PPPs may appear cheaper than traditional public investment, over time they can turn out to be more expensive and undermine fiscal sustainability, particularly when governments ignore or are unaware of their deferred costs and associated fiscal risks.