IMF: Austerity Loan Conditions Risk Undermining Rights

By Human Rights Watch

Click to expand Image © 2023 Brian Stauffer for Human Rights Watch (Washington DC) – The International Monetary Fund, with a global debt crisis looming, is setting conditions for its loans that risk undermining people’s economic, social, and cultural rights, Human Rights Watch said in a report released today. The conditions are compounding problems related to rising inequality. The 131-page report, “Bandage on a Bullet Wound: IMF Social Spending Floors and the Covid-19 Pandemic,” analyzes loans approved from March 2020, at the start of the Covid-19 pandemic, until March 2023 to 38 countries,…

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