Orthodox economics is the ideology of the rich and powerful, writes Dian Maria Blandina. Poor countries such as Sudan, that are trying to develop, cannot afford a regime of free trade.
The Hidden Hand of the IMF in Sudan’s Crisis
Tag: Oxfam International
The IMF’s ‘Austerity Drive’
Oxfam estimated that “for every $1 the IMF encouraged a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures.”
IMF Loans Forcing Austerity on Crisis-Ravaged Nations
IMF pandemic-related loans are forcing developing nations to implement austerity measures that fuel further impoverishment and inequality, an Oxfam analysis finds.