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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.

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10000008
Subject
Precedents;
Legal history;
Elimination;
Legal system;
International organizations;
Developing countries--LDCs;
Borrowing;
International finance;
Interest rates;
Debt restructuring;
Climate change;
Incentives
Business indexing term
Title
The Case for the Complete Removal of IMF Surcharges: Historical Precedents and a Growing Burden
Publication title
Development; Houndmills
Volume
67
Issue
3
Pages
348-356
Publication year
2024
Publication date
Dec 2024
Publisher
Palgrave Macmillan
Place of publication
Houndmills
Country of publication
United Kingdom
Publication subject
Business And Economics--International Development And Assistance, Political Science--International Relations
ISSN
10116370
e-ISSN
14617072
Source type
Scholarly Journal
Language of publication
English
Document type
Journal Article
Publication history
 
 
Online publication date
2025-02-21
Milestone dates
2025-01-31 (Registration)
Publication history
 
 
   First posting date
21 Feb 2025
DOI
https://doi.org/10.1057/s41301-025-00429-7
ProQuest document ID
3219507476
Document URL
https://www.proquest.com/scholarly-journals/case-complete-removal-imf-surcharges-historical/docview/3219507476/se-2?accountid=208611
Copyright
Copyright Palgrave Macmillan Dec 2024
Last updated
2025-07-10
Database
2 databases
  • ProQuest One Academic
  • ProQuest One Academic