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Reposted by Federico Sibaja

Recourse @re-course.org · 17/09/2026

This week, the IMF Board concluded its Review of Program Design and Conditionality (RoC) without integrating climate into its approach. Our new report asks: What happens next? Does IMF lending help countries reduce climate vulnerability, or only reproduce carbon-intensive development pathways?

Square promotional graphic on a turquoise and white background announcing a new report. Large white text reads: The IMF’s climate turn is not changing how it lends. Below, smaller text reads: New research reveals how IMF programmes reinforce extractive dependence and constrain climate-resilient development. On the right is a tilted image of the report cover, showing two people watching tall flames and black smoke rising from an industrial gas flare. The report title reads: The IMF’s climate turn: Lending, debt, and extractivism. A blue button at the lower left reads: Read our latest report, followed by a white arrow. Logos along the bottom represent Recourse, CORAP, Observatorio de la Dolarización, Alternative Law Collective, MENAFem, Eurodad and Christian Aid.

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Reposted by Federico Sibaja

Daniela Gabor @danielagabor.bsky.social · 23/03/2026

I wonder why did Volkswagen, and other European capitalists, cheer the Commission's omnibus deregulation push and now they want Chinese style-planning? China can plan because its state can discipline capital into strategic priorities. It has credit policy. It has industrial policy.

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Federico Sibaja @federicosibaja.bsky.social · 06/10/2025

The US Treasury has put the ongoing IMF Surveillance review at the top of the agenda as they want to stop the Fund’s work on climate. But what’s the IMF’s track record since the 2021 Climate Strategy? Read more in our new @re-course.org report: bit.ly/IMFsurveillance 🧵1/9

bit.ly

IMF surveillance and climate action — Report by Recourse

Report: IMF surveillance falls short in addressing climate threats

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Reposted by Federico Sibaja

Jon Sward @jonsward.bsky.social · 12/09/2025

This characterization of the IMF’s climate work as ‘woke’ and ‘far left’ is just plain wrong The IMF’s fragmented approach to climate is embedded in its wider austerity-based advice - firmly rooted in Reaganomics. This has persistently failed to deliver economic stability (Screenshot via NY Post)

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Reposted by Federico Sibaja

Recourse @re-course.org · 23/07/2025

The #IMF 'core' mandate of macroeconomic stability cannot ignore #climate #gender #inequality “The IMF must ensure its fiscal, financial, monetary and exchange rate policy advice allows countries to fulfil targets under the Paris Agreement,” argues @federicosibaja.bsky.social @re-course.org

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Reposted by Federico Sibaja

Reclaim Finance @reclaimfinance.org · 03/07/2025

🚨 Today, Deutsche Bank, Santander, ING, and Natixis (Groupe BPCE) renew their support for Venture Global LNG, the largest liquefied natural gas #LNG developer, by helping its subsidiary, Venture Global Plaquemines, in issuing two bonds worth a total of US$4 billion. Why is this support problematic?

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Reposted by Federico Sibaja

Reclaim Finance @reclaimfinance.org · 01/07/2025

🚨ALERT: TotalEnergies raises €3 billion through bonds thanks to the support of Société Générale, Deutsche Bank, BBVA, JP Morgan, MUFG, RBC and Wells Fargo.

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Reposted by Federico Sibaja

Daniela Gabor @danielagabor.bsky.social · 02/07/2025

in the second Dispatch from Seville, Iolanda Fresnillo from Eurodad writes about the systematic efforts of Global North countries -1 (US) to preserve an injust debt architecture that benefits private investors www.phenomenalworld.org/analysis/who...

phenomenalworld.org

Who’s Afraid of a Fair Debt Architecture? | Iolanda Fresnillo

The fourth Financing for Development Conference officially kicked off in Seville this Monday, as world leaders gathered with broad smiles to congratulate one another for the good work already achieved...

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Reposted by Federico Sibaja

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 11/06/2025

#FfD4 will set the agenda for how the global economic system will serve #development in the coming years. European governments should show the political will that is needed for #EconomicJustice. The time is now! ⏰ Read our OpEd (@politico.eu): www.politico.eu/sponsored-co...

politico.eu

Now is the time to rebuild the global economic system

European political will is needed ahead of the UN Financing for Development Conference in Sevilla

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Reposted by Federico Sibaja

World Inequality Lab @wid.world · 09/06/2025

🚨Global economic relations have long been defined by imbalances and unequal power, not by self-correcting market forces, NEW STUDY finds. @thomaspiketty.bsky.social & @gatonievas.bsky.social call for structural reforms to the international monetary and exchange system. wid.world/news-article...

wid.world

Colonial extraction and unequal exchange have shaped two centuries of North-South inequality - WID - World Inequality Database

In a new study, Gastón Nievas and Thomas Piketty examine patterns of global imbalances, current account surplus/deficit and net foreign wealth accumulation over more than two centuries.

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Reposted by Federico Sibaja

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 20/05/2025

We welcome the @europarl.europa.eu #Development Committee's support for a #UNDebtConvention in today's historical #FfD4 vote. The UN is the only 🌍 institution with equal representation & can guarantee that creditors' interests aren't prioritised over the needs of millions of people! A 🧵

3.3 billion people live in countries that spend more on debt interest than on health or education

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Reposted by Federico Sibaja

End Austerity Campaign @endausterity.bsky.social · 15/05/2025

New Report: €100 Billion in Austerity Cuts Across Europe 🔎 Examples: 🇫🇷 France – €20B: public hiring freeze, cuts to healthcare 🇧🇪 Belgium – €12.3B: pensions & health 🇮🇹 Italy – €20B: social protection 🇪🇸 Spain – €6.5B: education & healthcare 🇷🇴 Romania – €6B: wage caps, tax hikes

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Reposted by Federico Sibaja

Recourse @re-course.org · 07/05/2025

Despite the Asian Development Bank's commitment global climate goals, its technical assistance is still supporting #FossilGas — a highly polluting fossil fuel that is risky for economies, communities and the environment. 📽️ Rajneesh Bhuee #ADBAnnualMeeting @adb.org 📃Read the briefing bit.ly/ADB-TA25

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Reposted by Federico Sibaja

Joseph Cotterill @jsphctrl.ft.com · 23/04/2025

Scott Bessent on the IMF: “mission creep... Now it devotes disproportionate time and resources to work on climate change, gender, and social issues.” “The IMF must be a brutal truth-teller, and not just to some members.” In other words, criticise China more. home.treasury.gov/news/press-r...

home.treasury.gov

Treasury Secretary Scott Bessent Remarks before the Institute of International Finance

As prepared for delivery.IntroductionThank you for that kind introduction. It’s an honor to be here. In the final months of World War II, Western leaders convened the greatest economic minds of their ...

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Reposted by Federico Sibaja

Daniela Gabor @danielagabor.bsky.social · 23/04/2025

25 years ago John Williamson coined term Washington Consensus to capture US policy preferences for rest of the world, implemented/enforced via US domination of IMF/World Bank. today, Scott Bessent complained about IMF/WB 'mission creep' against US interests home.treasury.gov/news/press-r...

home.treasury.gov

Treasury Secretary Scott Bessent Remarks before the Institute of International Finance

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Reposted by Federico Sibaja

Debt Justice @debtjustice.bsky.social · 26/03/2025

Debt-for-nature swaps have failed to deliver real benefits for the Global South - so why expect them to fund the clean energy transition? We break down why we need grants + debt cancellation, not more debt swaps Read in @devex.com w/ Power Shift Africa -

devex.com

Opinion: Why debt swaps are failing the renewable energy transition

Given the performance of debt-for-nature swaps to date, the idea that these could finance the clean energy transition is unsound.

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Reposted by Federico Sibaja

Recourse @re-course.org · 17/04/2025

Half of World Bank energy projects approved over the last 3 years were deemed highly risky for people and the environment. In 2024 this was up to 60%! This means that it's not supporting the countries and communities who need it most, but rather putting them at risk of harm.

Graph showing that Half of World Bank energy projects (2022-24) have high or substantial environmental and social risk ratings

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Reposted by Federico Sibaja

Bretton Woods Project @brettonwoodsproject.org · 16/04/2025

🚨New in #ObserverSpring25 IMF's 2025 Conditionality Review risks repeating past failures: austerity, debt traps & unrealistic recovery targets fuel inequality while prioritising repayment to creditors. #IMF #DebtCrisis #Austerity @re-course.org @eurodadnews.bsky.social tinyurl.com/IMFCondition...

tinyurl.com

The IMF’s 2025 Conditionality Review: a test of reform or repeat?

Austerity-driven programmes continue to deepen economic hardship, entrench inequality, and prioritise creditors over sustainable development.

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Reposted by Federico Sibaja

Alan Beattie @alanbeattie.bsky.social · 14/04/2025

The IMF going big in lending to Argentina on the basis of apparent early success by a charismatic reforming president has fortunately never gone wrong in the past.

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Reposted by Federico Sibaja

Joseph Cotterill @jsphctrl.ft.com · 14/04/2025

It got lost in the market chaos last week but the IMF has more or less bet the house on Argentina with its latest $20bn bailout ($12bn upfront) per this bit of the staff paper. Biggest exposure in fund history on the way, on top of the legacy of the 2022 bailout. www.imf.org/en/Publicati...

Capacity to repay. Staff assesses that Argentina’s capacity to repay the Fund remains subject
to exceptional risks, hinging critically on early policy actions and sustained implementation of the
stabilization plan to deliver reserve accumulation goals and secure the resumption of market access
by the time repurchases to the Fund come due (see Table 12). The room to maneuver remains limited,
especially in the context of low reserve buffers, high FX debt service obligations, a history of capital
flow volatility, and a more shock-prone external environment. The Fund’s exposure would peak at SDR
43.1 billion in 2026 (the largest exposure in the history of the Fund), exceed 100 percent of gross
international reserves until end-2027, and remain above 1,000 percent of quota until end-2029. Total
Fund obligations would peak at over SDR 8.9 billion in 2030, leading to somewhat higher overall gross
external financing needs, which would average about 9 percent of GDP (excluding intra-public sector
debt service) in the forecast period. Peak obligations to the Fund would constitute about 9 percent of
projected exports and 15 percent of projected central bank reserves and would persist at high levels
for several years after the end of the program period.

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Reposted by Federico Sibaja

Daniel Munevar @danielmunevar.bsky.social · 04/01/2025

This paper is WILD: “Nestlé’s entry into LMIC formula markets caused about 212,000 infant deaths per year among mothers without clean water access… and has led to approximately 10.9 million excess infant deaths between 1960 and 2015.” www.nber.org/system/files...

nber.org

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Reposted by Federico Sibaja

Duncan Pruett @duncan.re-course.org · 09/12/2024

In advice to 11 countries with IMF loans, @imfnews.bsky.social endorsed fossil fuel extraction “to bolster fiscal and debt positions as well as foreign reserves through exports.” Is this the climate action it boasts about? More in our report 🔖http://bit.ly/IMFclimate @federicosibaja.bsky.social

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