Marina Zucker Marques
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marinazucker.bsky.social
Marina Zucker Marques
@marinazucker.bsky.social
Economist • Sr. Researcher at @GDP_Center • Former @UNCTAD, @SOAS • PhD @FU_Berlin • sovereign debt, China, international monetary system. Views are my own.

https://www.marinazuckermarques.com
Reposted by Marina Zucker Marques
For @chinagsproject.bsky.social, @marinazucker.bsky.social + I wrote on the need for IMF governance reform, the China-sized elephant in the room, and how there are workable routes to reform—if members are committed to preserving the IMF's legitimacy
chinaglobalsouth.com/analysis/no-...
No More Time to Waste: The Imperative to Strengthen Global South Voice and Representation at the IMF
By Tim Hirschel-Burns and Marina Zucker-Marques The International Monetary Fund’s (IMF) governance is increasingly out of step with today’s world. While emerging market and developing economies (EMDEs...
chinaglobalsouth.com
May 17, 2025 at 12:51 PM
We propose 3 fixes:

1. Widen eligibility for debt suspensions

2. Replenish the CCRT, including via IMF gold sales

3. Expand broader crisis finance without austerity
w/ @kofi1.bsky.social and @rishirbhandary.bsky.social

@gdp-center.bsky.social
April 7, 2025 at 9:00 PM
CRDCs only cover Small States (<2.8M people). Myanmar has 55M.

And the CCRT is underfunded, with just $107mn
April 7, 2025 at 9:00 PM
IMF financial statements here www.imf.org/en/Data/IMF-...
March 31, 2025 at 3:36 PM
In 2025, Myanmar will pay 130mn SDRs= $170 mn to the IMF

CCRT normal limit is 20% of quota (103 mn SDRs= $134 mn) but countries can benefit beyond this threshold in some cases www.imf.org/external/np/...
March 31, 2025 at 3:36 PM
The US Geological Survey's modelling estimates Myanmar's death toll could exceed 10,000, with losses surpassing annual economic output." www.bbc.com/news/article...

CCRT qualification criteria for natural disasters: damage deemed to exceed 100 percent of GDP www.imf.org/en/About/Fac...
International Monetary Fund
imf.org
March 31, 2025 at 3:36 PM
CCRT replenishment is urgent

When gold $2600, @rishirbhandary.bsky.social
and I estimated just 4% of gold could replenish and expand the CCRT. Today it is at $3120

Gold sales could fund a CCRT endowment, with proceeds sustainably subsidizing relief www.bu.edu/gdp/2024/11/...
A Golden Opportunity: Selling a Small Share of the IMF’s Gold Reserves to Replenish the Catastrophe Containment and Relief Trust | Global Development Policy Center
www.bu.edu
March 31, 2025 at 3:36 PM