IMF Social Spending Floors: A fig leaf for austerity?

Kentikelenis, Alexandros; Stubbs, Thomas

dc.contributor.author	Kentikelenis, Alexandros
dc.contributor.author	Stubbs, Thomas
dc.date.accessioned	2023-03-31T09:54:42Z
dc.date.available	2023-03-31T09:54:42Z
dc.date.issued	2023-04-13
dc.identifier.doi	10.21201/2023.621495
dc.identifier.uri	http://hdl.handle.net/10546/621495
dc.description	<html> <head> <title></title> </head> <body> <p>The International Monetary Fund has said that it protects spending on education, health and social protection from cuts in its loan programmes through social spending floors. These measures are a welcome step forward, but are they effective? Analysis of all 17 IMF loan programmes (Extended Credit Facilities, or ECFs, and Extended Fund Facilities, or EFFs) for low- and middle-income countries during the first two years of the pandemic shows that these floors are deeply inadequate, inconsistent, opaque and failing. They are little more than a fig leaf for harmful austerity, which is driving inequality, poverty and suffering. </p> </body> </html>	en_US
dc.format.extent	40	en_US
dc.language.iso	English	en_US
dc.publisher	Oxfam International	en_US
dc.relation.url	http://policy-practice.oxfam.org.uk/publications/imf-social-spending-floors-a-fig-leaf-for-austerity-621495
dc.subject	Economics	en_US
dc.title	IMF Social Spending Floors: A fig leaf for austerity?	en_US
dc.type	Briefing paper	en_US
oxfam.signoff.status	For public use. Can be shared outside Oxfam	en_US
oxfam.subject.keyword	Finance	en_US
oxfam.subject.keyword	IMF	en_US
oxfam.subject.keyword	Social spending	en_US
oxfam.subject.keyword	Austerity	en_US
refterms.dateFOA	2023-04-13T00:00:00Z