IMF pandemic-related loans are forcing developing nations to implement austerity measures that fuel further impoverishment and inequality, an Oxfam analysis finds.
IMF Loans Forcing Austerity on Crisis-Ravaged Nations
Tag: IMF austerity
COVID-19: Credit Ratings Punish Poorer Countries for Investing More in Health Care
Downgrades and the fear of them prevent much-needed public spending during the pandemic, writes Ramya Vijaya.
South Africa’s Never-Ending Crisis
The public sentiment is that the “stimulus” was largely looted, writes Busi Sibeko in this argument for ending austerity.
COVID-19: Rot Exposed By Pandemic Augurs a Future of Fear
Vijay Prashad raises deep questions about the exhaustion of the global capitalist system in a time of great human suffering.
COVID-19: How Ecuador Descended into Chaos
Guillaume Long says that under pressure by the IMF to reduce the size of the state, the Moreno government has made damaging cuts to public health.