IMF Annual Meetings: Austerity is not a solution, it’s a cycle of harm, says ActionAid
ActionAid has condemned the International Monetary Fund (IMF) for continuing to push austerity and budget cuts at its Annual Meetings, warning that such measures will devastate millions already facing rising inequality and economic uncertainty, especially in low-income countries.
“We needed urgent action on debt, but instead the IMF has doubled down on austerity.”
According to Roos Saalbrink, Economic Justice Lead, ActionAid International, this approach will have severe consequences. ActionAid works globally, with more information available on their website.
Author's summary: ActionAid condemns IMF's austerity measures.