This Friday October 11, 2024, the International Monetary Fund (IMF) is expected to announce reforms to its policy on charges and especially surcharges, which levies extra fees on countries whose debts have surpassed certain size and time thresholds. We the undersigned urge the IMF to meaningfully reform its policies, especially on surcharges.
Industrial policy is back on mainstream policy agendas in the U.S., Europe, and many developing countries. But the knowledge base to guide industrial policy remains underdeveloped.
Alongside the October 2024 IMF meetings in Washington D.C., Joseph E. Stiglitz and Martin Guzman delivered this presentation on resolving debt crises on multiple occasions, including at events organized by the Rockefeller Foundation and the G20 Finance Track.
Just as Donald Trump’s overall economic strategy is based on nostalgia for a bygone era, his fossil-fuel-centered energy policies would represent a quixotic attempt to reverse history.
Explore Further >> about The Climate Stakes of the US Election
Financial Times shares insights on how the IMF surcharges saga could thread it's credibility. Written by Joseph Stiglitz.
Explore Further >> about IMF surcharges saga could threaten its credibility
Joseph Stiglitz, professor, Columbia University, chief economist, The World Bank, Nobel laureate in Economic Sciences (2001), at the Economist Impact’s Eighth Sustainability Summit for SE Europe & the Mediterranean.
Explore Further >> about Joseph Stiglitz on The US Election and the Global Green Agenda
09/12/2024
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Policy Brief
The International Monetary Fund (IMF) levies ‘surcharges’ or extra fees on member countries that either draw “substantial” amounts of IMF credit to mitigate balance of payments constraints, or that maintain their credit exposure with the institution for sufficiently long periods of time.
View the Publication >> about Reforming the IMF Surcharge Rate Policy to Avoid Procyclical Lending
08/16/2024
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Policy Brief
Debt Sustainability Analyses (DSAs) have major implications for debt negotiations. The outcomes of these negotiations have distributional consequences between the debtor and its creditors on the one hand, and amongst creditors on the other hand.
View the Publication >> about The Practice of Sovereign Debt Sustainability Analysis
08/01/2024
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Working Paper
Debt Sustainability Analyses (DSAs) are documents that hold serious implications for both debtors and creditors in sovereign debt negotiations. DSAs are not merely technical assessments of countries’ capacity to take on debt but are also grounded in political assumptions.
View the Publication >> about Debt Sustainability Assessments and their Role in the Global Financial Architecture
Karla Gonzalez
07/25/2024
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Working Paper
One of the major issues in the global agenda in 2023 has been how to accelerate the achievement of the United Nations Sustainable Development Goals (SDGs) and the fight against climate change.
View the Publication >> about Financing international public goods: The role of MDBs and development assistance
Nobel de Economía aboga por leyes tributarias que no estén sujetas a la evasión fiscal
November 12, 2024
New Thinking in Industrial Policy: Perspectives from Developed and Developing Countries
November 1, 2024
Journalism and Democracy in an AI World
October 24, 2024
Towards A Solution to the Current Sovereign Debt Crises and to Restore Growth: Five Key Complexities
October 22, 2024
The Road to Freedom: Economics and the Good Society
October 17, 2024
2024 San Francisco Economic Outlook: AI and the Future of Corporate Governance
October 15, 2024
October 15, 2024
Joseph Stiglitz on The US Election and the Global Green Agenda
October 15, 2024
Bhutan Innovation Forum (2024)
October 1, 2024
Journal of Globalization and Development
Journal of Globalization and Development
Volume 14 Issue 2 – Special Issue: Gendered Effects of Globalization and Development
Journal of Globalization and Development
Journal of Globalization and Development
Journal of Globalization and Development
Journal of Globalization and Development
Journal of Globalization and Development
Journal of Globalization and Development
Journal of Globalization and Development
IPD broadens dialogue on critical issues in developmental policy.
Diverse stakeholders with a legitimate interest in policy outcomes often lack access to the process, information, and language necessary to participate effectively. IPD emphasizes diverse participation to enable civic involvement in economic policymaking.