Oxfam Accuses IMF of Widening Austerity Demands over Past Decade
21 Articles
21 Articles
Oxfam fears "a return to the unfortunate approach" of shock therapies that increased poverty in the 1980s.
Protothema
seleo.grThe cutback targets requested by the Fund from countries with support programs have increased fourfold since 2018, according to the NGO report.
These demands of the IMF were accompanied by "a weakening of the protection of social spending in its lending programs," said Oxfam, the international confederation to combat poverty and inequality. "These cuts undermine essential spending on public services, from health to education to housing, which protect low-income communities" in countries under aid programmes, said Oxfam in a statement. According to Oxfam's analysis, the spending reductio…
The IMF's public spending cut targets for the countries it lends to have quadrupled since 2018, Oxfam reveals, warning of a return to fiscal adjustment programs...More...
Countries borrowing from the International Monetary Fund (IMF) are obliged to apply budget cuts four times as much as in the past, shows an analysis published by Oxfam. Specialists fear that, under these conditions, there will be a return to the fiscal adjustments of the 1980s, which have aggravated poverty. "The IMF [...]
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