A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. Continue reading
Tag Archives: United Nations Development Group
The whole world is facing a debt crisis – but richer countries can afford to stop it
Patrick E. Shea, University of Glasgow
Countries across the world are drifting towards a debt crisis. Economic slowdowns and rising inflation have increased demands on spending, making it almost impossible for many governments to pay back the money they owe.
IMF Executive Board Approves New Extended Credit Facility (ECF) Arrangement for Zambia
August 31, 2022
The IMF Board approves SDR 978.2 million (about US$1.3 billion) 38-month ECF arrangement for Zambia to help restore macroeconomic stability and foster higher, more resilient, and more inclusive growth. Continue reading
Workers’ rights: how a landmark UN decision on safety and health will actually affect employees
Huw Thomas, University of Bristol
In what has been called the “biggest moment for workers’ rights in a quarter of a century”, the International Labour Organization (ILO) adopted a safe and healthy work environment as one of its five fundamental principles and rights at work for all at its June 2022 international conference. This is the first extension of workers’ human rights in almost 25 years and it means governments must now commit to respect and promote the right to a safe and healthy working environment.