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ActionAid’s report ‘Fifty Years of Failure: the IMF, Debt and Austerity in Africa’ is based on new research and powerful personal testimonies from across 10 African countries. It is timed to coincide with the first IMF / World Bank Annual meeting to be held in Africa for 50 years. The report documents how the IMF imposes austerity policies, undermining health, education and wider development across the continent. Rather than seek systemic solutions to the mounting debt crisis in Africa, and rather than exploring obvious alternatives such as progressive tax reforms, the IMF continues to enforce cuts to public spending that hurt women and disadvantaged groups most acutely. ....
Malawi has a long-term relationship with the International Monetary Fund (IMF) which drives the country’s macroeconomic policies, often to the detriment of progress in targeted sectors such as education and health. Malawi became a member of the IMF on 19 July 1965 and has had at least 16 arrangements (loans) with the Fund, including an Outstanding Purchases and Loans (SDR) arrangement, amounting to US$292.35 million as of 30 June 2021. ....
Economically disadvantaged Malawi teachers bear the brunt of IMF wage bill policies ei-ie.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ei-ie.org Daily Mail and Mail on Sunday newspapers.
Teacher quality, status and conditions matter. Quality learning depends on quality teaching, delivered by qualified, well-supported and motivated teachers. ....