Noticias
6 May - Chad Reaches Completion Point
The IMF and the World Bank announced $1.1 billion in debt relief for Chad, the fourth-least developed country in the world. Chad is now the 36th country to reach completion point under the HIPC Initiative (and the first since 2012). Prior to receiving debt relief, Chad owed around $800m to the World Bank, $400m to the African Development Bank and also about $500m to other governments. Reflecting the significant improvement in economic management in recent years, this announcement will be a welcome development for a country with more than half of its population living in poverty.
It has taken almost 20 years since HIPC was established, and 8 years since Chad’s decision point. This now leaves Somalia, Eritrea and Sudan as the last HIPC countries awaiting relief.
30 April - Public Consultation on Sovereign Debt Restructuring
New Rules for Global Finance is seeking feedback for the Global Consultation on Sovereign Debt Restructuring. The final report will incorporate this feedback and be presented at the IMF-World Bank Annual Meetings held in Lima in October 2015. You can participate by sending your ideas, recommendations and ideas to
Esta dirección electrónica esta protegida contra spambots. Es necesario activar Javascript para visualizarla
, completing a 5-minute questionnaire, or organising or participating in a webinar.
20-22 April - Monitoring Budgets to Reach the SDGs, Cartagena
DFI chaired and spoke in a panel with Oxfam and Peruvian NGO Ciudadanos al Dia on why monitoring budget revenue, financing and spending will be essential to track progress towards the SDGs. Click here to download the DFI/CaD presentation. This analysis built on the joint DFI-IBP-Oxfam briefing paper prepared in October 2014, as well as Chapter 5 of the GSW 2015 report on how to conduct budget monitoring.
17 April - African Development Bank Requests Debt Input
The African Development Bank has asked DFI to provide evidence to its ADF Task Force on potential debt risks for ADF borrowers during 2015-30. The Task Force meeting will be held in Abidjan on 29-30 May, after the Bank’s Annual Meetings.
16 April - OIF Ministers Demand Additional Action on Tax from OECD and BWIs. Washington
Chaired and convened for the first time by Senegal, the network of Francophone LIC Finance Ministers and Experts met in Washington, DC on the margins of the Spring Meetings of the IBW. Technical officials from IDA-borrowing OIF countries discussed a report on tax policy, recommending a crackdown on tax exemptions, more progressive tax structures, and changes in global tax rules. Ministers then met senior officials of the IMF, OECD and World Bank, and requested precise actions to enhance IMF policy advice and technical assistance, broaden global initiatives to reform tax rules in order to change treaties, abolish the World Bank Doing Business criterion which encourages lower tax rates, and ensure that all IFC-sponsored projects pay full tax in beneficiary countries.
