New study on the ravage of IMF structural adjustment programs

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New study on the ravage of IMF structural adjustment programs Anonymous 26-03-26 23:27:50 No.2756199

https://gh.bmj.com/content/11/Suppl_1/e017221
<Beginning in the 1980s and 1990s, the International Monetary Fund (IMF) and the World Bank implemented neoliberal structural adjustment programmes (SAPs) across most countries in Asia, Africa and Latin America. SAPs imposed austerity, privatisation and economic deregulation and have been associated with severe negative impacts on human welfare, including (a) declining real wages and working-class consumption, (b) increased rates of poverty and basic-needs deprivation, (c) increased neonatal and maternal mortality and (d) reduced health system access. Structural adjustment also created conditions for increased financial outflows and drain from the global South through unequal exchange. This paper reviews evidence of these damages and proposes possible options for reparations and distributive justice. We argue that the IMF and the World Bank should be democratised and restructured—or otherwise replaced by alternative institutions—to prevent further harm.

>I'm happy to announce this new paper — we compile evidence on the extraordinary harms caused by IMF and World Bank structural adjustment programmes in the global South since the 1980s.

>The empirical record is devastating: documented negative impacts on wages, poverty, inequality, maternal mortality, infant mortality, healthcare access, etc.

>SAPs inflicted misery on the periphery in order to curtail their consumption, scupper independent development, and make labour and resources more cheaply available for the core.

>As indicated at the bottom of the article, this piece is part of the Walter and Patricia Rodney Commission on reparations. The Commission includes a total of 10 contributions, 5 of which are published here in the BMJ Global Health
https://gh.bmj.com/content/11/Suppl_1