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Too late, too little? The IMF and international tax flight
When key decision makers of the International Monetary Fund (IMF) gather in Washington DC for the IMF’s annual meeting in October, one thing that...
8 UNU-WIDER articles, publications, projects, experts...
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Working Paper
Policy diffusion within international organizationsI analyse the evolution of the International Monetary Fund tax policy advice in three countries commonly used for tax evasion or avoidance: Panama, Seychelles, and the Netherlands. A review of loan agreements and Country Reports covering 1999 to 2017...
Blog
Paralyzing debt burden threatens Africa’s largest economy
Apart from a ‘badly flawed’ national election, insecurity, and mass exodus of its young talents to the Global North (locally known as Japa), a...
Blog
Want to catch up on UNU-WIDER research? Here are 10 of the most interesting papers published over the last year
In this blog, the managing editor of the WIDERAngle shares his personal view on some of the most important —and potentially overlooked— work recently...
Background Note
The role of credit rating agencies in the ‘debt crisis’The impact of credit rating agencies (CRAs) on development—particularly their influence on interest rates for sovereign bonds and therefore the debt-financing costs for Global South countries—is increasingly being identified as a critical issue on...
Background Note
Informal creditors, intercreditor equity, and sovereign debt restructuringContextEven before the global negative economic shock resulting from the COVID-19 pandemic, a report by the World Bank noted that total developing country debt in 2018 had increased by 54 percentage points of total developing country GDP since 2010...
Background Note
Hidden sovereign debt in developing countriesA country’s public debt burden is one of its most important macroeconomic indicators, but there is growing recognition that debt statistics are plagued by major limitations and shortcomings. For many countries worldwide, it is remarkably difficult to...
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