Gallagher Comments on Negative Impact of IMF Bailout Delays
In an interview with Reuters, Kevin Gallagher, Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Director of the Global Development Policy Center (GDP Center), commented on the debt relief delays at the International Monetary Fund (IMF) and their impact on countries in need.
The article, titled “Analysis: Cash-strapped countries face IMF bailout delays as debt talks drag on,” discusses the negative impact of IMF delays, how it can impact their ability to secure additional funding sources, as well as the emergence of China as an emerging market lender. According to Gallagher, China’s growing role as a global lender could be part of the reason for the delays. As he notes, “they are part of the reason why these negotiations are so painfully slow…It’s not just the Paris Club and a few New York banks anymore.”
The full article can be read on Reuters‘ website.
Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of numerous books, including most recently, The Case for a New Bretton Woods (Wiley, 2022). Read more about Professor Gallagher on his Pardee School faculty profile.