New Eurodad report: IMF loan conditions make situation worse for crisis-hit countries
The International Monetary Fund (IMF) is attaching an increasing number of conditions to its loans to crisis-hit countries. Many of these conditions promote harsh austerity measures that are damaging countries’ ability to provide essential services to their citizens, including health services.
Eurodad’s new report examines the conditions for loans approved in 2016-17 in 26 countries and finds that an average of 26.8 conditions were attached. This is all the more troubling in the light of IMF claims that it is ‘streamlining’ its conditions and that its programmes do not emphasise fiscal contraction.
Watch Eurodad’s video to find out more.