CONCERNS about the SDRM

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CONCERNS about the SDRM

• No Real Change in Debt Management 
• "The Fund would only influence the process as it
  does now, through its normal lending decisions"
• (Krueger 2002, p.4) 
• Institutional Self-Interest
• ? IMF Board determines sustainability ( debt
  reductions) debtors economic policy, sanctions
• ? IMF may endorse standstill
• ? SDRM into Articles of Agreement ? sole mandate
  for Fund
• ? Present de facto preferential creditor status
  legalised
• ? SDDRF an IMF organ
• ? Discrimination of private creditors
• (c) K. Raffer