Intended by the IMF as a means to redistribute rich countries’ unused Special Drawing Rights (SDRs), the current design of the Resilience and Sustainability Trust indicates that it is far from a magic bullet. Instead, it may reproduce the inequalities of the current system and award the IMF additional powers outside of its mandate.
Chiara is a development economist and joined Eurodad in October 2020 as Senior Policy and Advocacy Officer on development finance. She leads work on IFI’s undue influence on developing countries’ policy and fiscal space and on reforms of global economic governance. Before joining Eurodad, she was Inequality Policy Manager for Oxfam GB, leading their policy and global advocacy work on inequality. Previously, she was a researcher at the Overseas Development Institute, focusing on policy solutions to chronic poverty and combining field, qualitative and quantitative research. She holds a PhD in Economics from the School of Oriental and African Studies (SOAS) and has taught heterodox and political economy in British universities. She is Italian, has lived 13 years in London and is now based in Brussels.