IFI policies and positions

Letter to Canadian IMF Director Re: Proposed New Debt - December 18, 2002

Letter to Canadian IMF Director on Proposed New Debt Restructuring Mechanism

Mr. Ian Bennett
IMF Executive Director for Canada
Fax: 202-623-4712
Re.: IMF board meeting on SDRM on December 18, 2002

Dear Mr. Bennett,

On December 18, the Board will discuss the IMF’s most recent version of an insolvency procedure for states, labelled the “Sovereign Debt Restructuring Mechanism” (SDRM).

KANANASKIS G7 SUMMIT ISSUE BRIEFS (June 2002): The G8 is not our fate

An information kit containing 11 factsheets discussing different issues related to the G8, including what is the G8 and he New Partnership for Africa's Development.

Open letter to the G7 finance ministers - June 1, 2002

Open letter to the G7 finance ministers

When the G7 heads of government met in Halifax in June 1995, leaders made a commitment to a series of measures to reform the Bretton Woods Institutions. The G7 called for the provision of multi-lateral debt relief for the poorest countries, the promotion of environmentally sustainable development and the reduction of poverty.

Seven years later, these promises are unfulfilled. The crisis of legitimacy confronting the World Bank and the IMF at the 50th anniversary of their creation led to the G7 to take up the reform of the international financial institutions (IFIs) in Halifax. As the G7 finance ministers return to Halifax, this question of legitimacy continues to haunt the institutions.

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