IMF Annual Meetings: Austerity Condemned by ActionAid
ActionAid has condemned the International Monetary Fund (IMF) for pushing austerity and budget cuts at its Annual Meetings, warning that such measures will devastate millions facing rising inequality and economic uncertainty, especially in low-income countries.
“We needed urgent action on debt, but instead the IMF has doubled down on austerity.
According to Roos Saalbrink, Economic Justice Lead, ActionAid International, austerity is not a solution, it’s a cycle of harm.
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Author's summary: ActionAid condemns IMF's austerity push.