As the Spring Meetings of the IMF and World Bank Group proceed, we look into their pandemic responses that continue to be driven by debt and big private finance, and a “recovery” agenda that champions the revival of capital accumulation. It is important for peoples’ movements and civil society to take a strong stand against the IMF-World Bank’s dominance to be able to move away from neoliberal policies that have only benefitted monopoly capitalist corporations at the expense of people’s rights, and for people-centred, transformative, and sustainable development.
Read our statement here: https://bit.ly/39MWlQR
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UNCTAD. 2021.Trade and Development Report 2020: From global pandemic to prosperity for all: avoiding another lost decade.
UNDP. 2021. New UNDP study reveals the magnitude of limited debt relief eligibility for developing economies. April 1.
Inman, Philip. 2020. $11.3bn in IMF Covid-19 money is being used to service debt, says group. The Guardian, July 16.
Malpass, David. 2021. Building a Green, Resilient, and Inclusive Recovery: Speech by World Bank Group President David Malpass. World Bank Group, March 29.
Stubbs, Thomas and Alexander Kentikelenis . 2018. Conditionality and Sovereign Debt: An Overview of Human Rights Implications. In Ilias Bantekas, Cephas Lumina, eds. Sovereign Debt and Human Rights. Oxford University Press.