Stories written by Michael Galant

It’s Time to Unbury the IMF’s Hidden Gold

By Michael Galant and Ivana Vasic-Lalovic
Countries across the Global South face an accelerating climate crisis, tepid growth, and unsustainable levels of debt. Yet hopes of finding support at the International Monetary Fund’s (IMF) Annual Meetings in Washington are dim. The IMF is tightening its purse strings — even as it leaves untouched a vast treasure of more than 3,000 tons of gold that offers a prime opportunity to stabilize the global economy.

FfD4 at Sevilla Plants the Seeds of Debtor Unity

By Michael Galant
UN Member States adopted the ‘Compromiso de Sevilla’ at the Fourth Financing for Development Forum (FfD4) which concluded July 3-- the culmination of months of contentious negotiations that pitted wealthy nations against the developing world in competing visions for reform of the global economic architecture.

The IMF Just Made the Case for its Own Irrelevance

By Michael Galant
This month, the International Monetary Fund (IMF) had an opportunity to end one of its most reviled policies and lift billions of dollars of debt off the backs of crisis-stricken developing countries. It chose not to.
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