Egypt, Ukraine, South Africa and Ecuador have recently signed IMF loan programmes that involve severe austerity measures.
Notes from the Civil Society Policy Forum Session on 2 October.
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking.
Early evidence suggests IMF programmes are maintaining long-term fiscal consolidation targets, while World Bank further continues Maximizing Finance for Development narrative amidst Covid-19 crisis.
IMF-backed austerity measures starved health sector prior to pandemic, yet Fund continues to prescribe devastating long-term fiscal consolidation.
Concerns raised about IMF conditions pushing women back into poverty and informal work.
Over 60 civil society organisations call on the IMF to focus on the harmful impacts of its own policy advice on women's rights and gender equality.
UN organisations build consensus on need to expand fiscal space, as IMF and World Bank continue to push austerity.
Notes from the Civil Society Policy Forum session on 12 April on the changing international tax landscape from a feminist perspective and challenging IFIs’ role in shaping it at the World Bank and IMF's 2019 Spring Meetings.
As the IMF publishes new SDG site, meaningful policy realignment remains lacking while business-as-usual continues at IMF.