In February the UN Special Rapporteur’s report on housing was released, highlighting the impact of government policies on the right to adequate housing, and how they have contributed to the current crisis. The report laments the precedence market forces are given over housing provision. A section on the effect of World Bank and IMF structural adjustment programmes (SAPs) states that in Ghana they “pushed prices beyond affordable levels for a significant proportion of the population." SAPs are also identified as contributing to slum growth, displacement and ensuing impoverishment by causing "governments to lessen their efforts concerning economic, social and cultural rights".
World Bank & IMF in the news
New collection of critical essays by authors from MENA and Sub-Saharan Africa do a retrospective of the BWIs involvement in the region, and the legacy of BWIs-supported unjust and extractionist world economic order.
Briefing examines the shortcomings of the current SDRs allocation system and calls to reform SDRs to ensure their targeted, needs-based and equitable distribution.