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dc.contributor.authorTamale, Nona
dc.date.accessioned2021-08-06T10:42:15Z
dc.date.available2021-08-06T10:42:15Z
dc.date.issued2021-08-11
dc.identifier.isbn978-1-78748-786-4
dc.identifier.doi10.21201/2021.7864
dc.identifier.urihttp://hdl.handle.net/10546/621210
dc.description<html> <head> <title></title> </head> <body> <p>The COVID-19 pandemic has dealt a huge blow to every country, and many governments have struggled to meet their populations&#8217; urgent needs during the crisis. The International Monetary Fund (IMF) has stepped in to offer extra support to a large number of countries during the pandemic. However, Oxfam&#8217;s analysis shows that as of 15 March 2021, 85% of the 107 COVID-19 loans negotiated between the IMF and 85 governments indicate plans to undertake austerity once the health crisis abates.</p> <p>The findings in this briefing paper show that the IMF is systematically encouraging countries to adopt austerity measures once the pandemic subsides, risking a severe spike in already increased inequality levels. A variety of studies have revealed the uneven distribution of the burden of austerity, which is more likely to be shouldered by women, low-income households and vulnerable groups, while the wealth of the richest people increases. Oxfam joins global institutions and civil society in urging governments worldwide and the IMF to focus their energies instead on a people-centred, just and equal recovery that will fight inequality and not fuel it. Austerity will not &#8216;build back better&#8217;.&#160;</p> </body> </html>en_US
dc.format.extent42en_US
dc.language.isoEnglishen_US
dc.publisherOxfamen_US
dc.relation.urlhttp://policy-practice.oxfam.org.uk/publications/adding-fuel-to-fire-how-imf-demands-for-austerity-will-drive-up-inequality-worl-621210
dc.subjectEconomicsen_US
dc.subjectHealthen_US
dc.subjectInequalityen_US
dc.titleAdding Fuel to Fire: How IMF demands for austerity will drive up inequality worldwideen_US
dc.typeBriefing paperen_US
oxfam.signoff.statusFor public use. Can be shared outside Oxfamen_US
oxfam.subject.keywordAusterityen_US
oxfam.subject.keywordCOVID-19en_US
oxfam.subject.keywordIMFen_US
refterms.dateFOA2021-08-11T00:00:00Z


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