The Case for the Complete Removal of IMF Surcharges: Historical Precedents and a Growing Burden

Ivana Vasic-Lalovic, Andrés Arauz () and Francisco Amsler
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Ivana Vasic-Lalovic: Center for Economic and Policy Research
Andrés Arauz: Center for Economic and Policy Research
Francisco Amsler: Center for Economic and Policy Research

Development, 2024, vol. 67, issue 3, 348-356

Abstract: Abstract This article argues for the elimination of the surcharge policy of the International Monetary Fund (IMF). It explores the legal history of surcharges and underscores that there are precedents (i.e., in 1974, 1981, and 1992) for their complete removal. The article also shows that surcharges are a burden on indebted countries and that the IMF’s official arguments for retaining them do not hold.

Keywords: Sovereign debt; Developing countries; Multilateral loans; Perverse incentives (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1057/s41301-025-00429-7

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