[INFOGRAPHIC] Debt burdens and the IMF, World Bank

[INFOGRAPHIC] Debt burdens and the IMF, World Bank
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
Join People Over Profit’s online action: https://bit.ly/3uwY58W
 
Sources:
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.

Leave a Reply

Close Menu