IMF Archives - Oxfam Policy & Practice

Briefing paper

Beyond Crises: The future of Special Drawing Rights as a source of development and climate finance

13/06/2024

2 documents

25 pages long

Languages: English

Keywords

Overview

The allocation of Special Drawing Rights (SDRs) during the COVID-19 pandemic has generated considerable interest in using SDRs as a tool for development and climate finance. This policy brief argues that the monetary logic that underpins SDRs justifies regular allocations of at least $200 billion a year, and more than doubling the share of low-and […]

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Briefing paper

Pandemic Responses in the MENA Region: Lessons learned for an inclusive economic recovery

22/05/2023

3 documents

31 pages long

Languages: English

Keywords

Overview

The COVID-19 pandemic exacerbated existing inequalities and poor governance practices in the MENA region and had a disproportionate impact on the most vulnerable people. These persistent and structural issues also threaten a post-COVID inclusive recovery process. Austerity steers from institutions like the IMF risk further inequality and social exclusion, as evidenced by diverse and gendered […]

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Briefing paper

IMF Social Spending Floors: A fig leaf for austerity?

13/04/2023

3 documents

40 pages long

Languages: English

Keywords

Overview

The International Monetary Fund has said that it protects spending on education, health and social protection from cuts in its loan programmes through social spending floors. These measures are a welcome step forward, but are they effective? Analysis of all 17 IMF loan programmes (Extended Credit Facilities, or ECFs, and Extended Fund Facilities, or EFFs) […]

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Research report

Investing Special Drawing Rights: Towards a fair economic recovery in the Middle East and North Africa

12/01/2023

2 documents

81 pages long

Languages: Arabic, English

Keywords

Overview

In 2021, the IMF issued and distributed $650bn worth of Special Drawing Rights (SDRs) during the COVID-19 pandemic. This study explores the unique characteristics of SDRs and provides an overview of the role of SDRs in the MENA region. Using four countries as case studies (Egypt, Iraq, Lebanon and Tunisia), it analyses how SDRs can […]

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Briefing paper

From Stunt to Substance: An assessment of IMF engagement with civil society

09/01/2023

1 documents

60 pages long

Languages: English

Keywords

Overview

The International Monetary Fund (IMF) is doling out billions of dollars, influencing economies around the world through its finance, and through the policies it expects governments to implement in return for the funds. But who has a say in those decisions? This paper presents case study research from Pakistan, Tunisia, Egypt, Ecuador, Argentina, Zambia and […]

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Research report

The Inequality Crisis in East Africa: Fighting austerity and the pandemic

09/02/2022

2 documents

47 pages long

Languages: English

Keywords

Overview

The COVID-19 pandemic has pushed millions into poverty in East Africa, and worsened inequality. The economic crisis continues, due to the obscene global vaccine inequality, which means that only 4% of East African citizens had been fully vaccinated against COVID-19, compared with 71% in high-income countries by mid-January2022. Many East African governments were already hamstrung by high […]

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Research report

The West Africa Inequality Crisis: Fighting austerity and the pandemic

14/10/2021

6 documents

54 pages long

Languages: English, French

Keywords

Overview

The COVID-19 pandemic has revealed and worsened the depth of inequality in West Africa. It has pushed millions into poverty. There is no end in sight due to the obscene global vaccine inequality, which means that less than 4% of West Africans had been fully vaccinated against COVID-19 as at September 2021, compared with 52% […]

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Briefing paper

Adding Fuel to Fire: How IMF demands for austerity will drive up inequality worldwide

11/08/2021

1 documents

42 pages long

Languages: English

Keywords

Overview

The COVID-19 pandemic has dealt a huge blow to every country, and many governments have struggled to meet their populations’ urgent needs during the crisis. The International Monetary Fund (IMF) has stepped in to offer extra support to a large number of countries during the pandemic. However, Oxfam’s analysis shows that as of 15 March […]

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Briefing paper

The IMF and Lebanon: The long road ahead – An assessment of how Lebanon’s economy may be stabilized while battling a triple crisis and recovering from a deadly blast

15/10/2020

1 documents

28 pages long

Languages: English

Keywords

Overview

Lebanon is extremely unequal and has been rocked by massive protests in recent months. The country is facing a financial crisis and is in talks with the International Monetary Fund (IMF) about a potential bailout programme. Other IMF programmes in the region have focused on austerity and have driven increases in poverty and inequality. A […]

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Briefing note

The Gendered Impact of IMF Policies in MENA: The case of Egypt, Jordan and Tunisia

08/10/2019

1 documents

21 pages long

Languages: Arabic, English

Keywords

Overview

This paper takes a closer look at the gendered impact of conventional macroeconomic policies supported by the International Monetary Fund in its loan programmes for Egypt, Jordan and Tunisia since 2012. It calls on the IMF to build on its ongoing efforts to operationalize gender equality, and to go beyond policies of encouraging women’s labour […]

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