A coalition of over 70 US NGOs, including large labour unions, wrote to Congress at the end of March to demand that planned IMF gold sales pay for debt relief as well as Fund administrative expenses. They also “urge that before authorising gold sales, Congress insist on meaningful reforms in IMF policy in developing countries” including an end to overly restrictive deficit-reduction and inflation-reduction targets, an exemption for health and education spending from budget ceilings, transparency at the IMF, and more participation of civil society in the formulation of IMF programmes. This effort builds on a February briefing published by Jubilee USA about the use of the proceeds of IMF gold sales.
BWP briefing explores gender dimensions of IMF’s key fiscal policy advice on resource mobilisation in developing countries, in particular on Value-Added Tax.
The IFC’s push for the PPP model, as well as its preference for healthcare ‘provision’ and the results-based payment approach, collectively undermine the human right to universal healthcare and the achievement of the SDGs.
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