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IMF: Austerity Loan Conditions Risk Undermining Rights

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.

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Click to expand Image © 2023 Human Rights Watch The report makes several key findings. First, it finds that the Fund continues to rely on its traditional approach of expecting governments to reduce debt through fiscal consolidation, which raises significant human rights concerns. While “fiscal consolidation” refers broadly to reducing debt by cutting public spending or increasing revenues, the report finds that programs routinely include conditionalities that impose cuts to public spending and

IMF: Austerity Loan Conditions Risk Undermining Rights

IMF: Austerity Loan Conditions Risk Undermining Rights
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