In March, the Zimbabwean cabinet agreed to a new debt relief strategy that includes recourse to the IMF and World Bank’s Highly Indebted Poor Countries (HIPC) initiative. President Robert Mugabe has voiced consistent resistance to the conditions of HIPC debt relief, but finance minister Tendai Biti has said that the move was a consensual “cabinet decision”. Reports also surfaced in June that Zimbabwe is considering entering into a Staff Monitored Programme with the IMF (see Update 71), meaning heavy Fund monitoring and conditionality but no additional finance. This idea has been rejected by Mugabe’s ZANU-PF party.
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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