Sovereign Debt - IMF Lending Rate Policy in Marrakech

Columbia University’s Initiative for Policy Dialogue (IPD), Columbia University’s Institute of Global Politics, Boston University’s Global Development Policy Center, and Suramericana Visión organized a Roundtable on IMF Interest Rate Policy in Marrakech during the IMF/World Bank Meetings. The roundtable, held under Chatham House Rule, was chaired by Kevin Gallagher, Martín Guzmán, and Joseph E. Stiglitz. The meeting was joined by one central bank governor, economic authorities from ministries of finance, central bank officers, IMF staff, IMF executive directors or alternate executive directors, academics, and practitioners. The purpose of the meeting was to critically assess the International Monetary Fund’s (IMF) lending rate policy, rationale and appropriateness in the current context, and to discuss proposals for its revision to ensure that lending policies are consistent with the IMF’s mandate. Read a detailed report of the roundtable discussion.