La política de sobrecargos del FMI como una amenaza al derecho al desarrollo

Abstract

This article focuses on the implications of the IMF's surcharge policies, and the de facto preferred creditor status, on the right to development of sovereign debtors. The article argues that surcharges are not effective in limiting access to IMF credit, unfairly distribute IMF operating costs, are disproportionate, procyclical, very costly for developing countries, and not very transparent. On the other hand, if the surcharges represent, theoretically, a way to protect the IMF against possible risks of default, the article questions the character of the IMF as a de facto preferred creditor since, precisely, it denies the possibility of a reduction in the debt due to insolvency of the debtor, which ultimately affects the right to development of middle-income debtor countries.