Imf Saps Hurt The Environment

A new report by Friends of the Earth-US, The IMF: Selling the Environment Short, highlights how the IMF's growth-led development model and its approach to stabilisation are unsustainable and fail to consider the implications of ecological limits. The recommendations include:

environmental impact assessments should be carried out as part of a SAP agreement;
environmental ministers should be included in negotiations on IMF programmes, and consultation with civil society and NGOs should be increased;
publication of disaggregated figures for environmental spending; and
environmental accounting should be part of IMF technical assistance and data gathering.

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Published: 14 June 2000 , last edited: 11 August 2003

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