The IIF & debt relief: How the Institute of International Finance lobbies to prevent private debt relief for developing countries
This report exposes how the Institute of International Finance (IIF) has been given a privileged role by the G20 to facilitate debt relief by private creditors to the poorest countries, but has failed to deliver debt payment suspension or cancellation under the G20 Debt Service Suspension Initiative (DSSI).
SOMO has published a very insightful report on the structure, role and methods used by the Institute of International Finance (IIF) . The report exposes how the IIF has been given a privileged role by the G20 to facilitate debt relief by private creditors to the poorest countries, but has failed to deliver debt payment suspension or cancellation under the G20 DSSI. The IIF’s global and highly globally influential lobbying strategies successfully argued that requesting debt relief from private creditors would prevent further market access to commercial credit.
The IIF & debt relief. How the Institute of International Finance lobbies to prevent private debt relief for developing countries
