Despite changes in rhetoric, IMF policy advice and conditions are still having the same detrimental effects on social protection, decent work and poverty in countries forced to take out loans due to the financial crisis, a new report released today shows.
Published on the eve of the International Monetary Fund (IMF) and World Bank Annual Meetings to be held in Istanbul on 6-7 October, Doing a decent job? IMF policies and decent work in times of crisis, critically examines the situation faced by those most vulnerable in the wake of government cuts imposed by the IMF’s tight fiscal policies in El Salvador, Ethiopia and Latvia.
The report by SOLIDAR, Eurodad, and the Global Network comes hot on the heels of the Pittsburgh G20 meeting where leaders decided to make some changes to the IMF governance structure, but failed to change the modus operandi of the two institutions.