The International Monetary Fund has delivered a significantly improved financing package for the least developed countries, ONE said today. The package includes zero interest rate loans through 2011. It also provides lending capacity of $17 billion through 2014. MORE
The IMF and World Bank Spring Meetings concluded today with limited progress and much work to do to protect the poorest countries from the impact of the economic crisis. MORE
No breakthrough yet on gold but door still open for better deal for poorest countries. Urgent action now needed from IMF MORE
As delegates to the IMF and World Bank Spring Meetings come together in Washington this weekend, ONE urged them to build upon successes of the G20 Summit in London and provide African countries with the resources they need to get through the financial crisis. ONE focused particularly on the need to avoid a future debt crisis while doing so. MORE
Campaign group ONE today welcomed commitments to the world's poorest countries in the G20's final deal, but warned that funds announced for them must not create a new debt crisis. MORE