Surcharges Archives

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Climate ChangeCOVID-19Federal ReserveGlobal Debt CrisisIMFInequalityLatin America and the CaribbeanSpecial Drawing RightsSurchargesWorld Bank The Growing Debt Burdens of Global South Countries: Standing in the Way of Climate and Development Goals

Nearly 80 low- and middle-income countries are considered by international institutions as being in or at risk of debt distress.

Ivana Vasic-Lalovic Lara Merling / October 12, 2023

Op-Ed/Commentary

Globalization and TradeIMFSurchargesWorld IMF Surcharge Fees Hurt Those the Fund Is Meant to Help

In theory, IMF “surcharges” dissuade borrowers from depending on IMF credit. In practice, they punish the countries least equipped to pay, siphoning vital resources from social spending.

Michael Galant Francisco Amsler / DC JOURNAL / July 21, 2023

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Climate ChangeEconomic Crisis and RecoveryGlobal Debt CrisisIMFIMF surchargesSurcharges The Growing Burden of IMF Surcharges: An Updated Estimate

The International Monetary Fund (IMF) imposes additional fees on loans to its most indebted middle-income borrowers, on top of regular interest payments and service fees.

Francisco Amsler Michael Galant / April 13, 2023

Op-Ed/Commentary

Economic Crisis and RecoveryGlobal Debt CrisisIMFIMF surchargesSurchargesWorld Biden Wants to Outlaw “Junk” Fees for Americans, But His Administration Can Also Stop Hidden Charges that Hurt Poor Countries

While Biden is going after exploitative, hidden fees at home, there are other exploitative, hidden fees impacting the lives of hundreds of millions of people around the world.

Michael Galant / MARKETWATCH / February 22, 2023