IMF Austerity Cuts Quadrupled Over Past Decade
IMF-required austerity cuts quadrupled over past decade, and new Fund policy is poised to push for even deeper and harsher cuts ISLAMABAD /DNA/: The International Monetary Fund (IMF) has required borrowing countries to quadruple the size of their austerity cuts over the past decade, while simultaneously weakening the protection afforded to social spending in its loan programs, reveals new Oxfam analysis. These cuts undermine vital spending on public services – from healthcare to education and housing – that protect low-income communities. The findings come ahead of the conclusion of the IMF’s 2026 Review of Program Design and Conditionality, amid fearsRead More
