News, Press Release

Civil Society calls for review of IMF conditionality

Members of the civil society and academia are calling for an end to the  conditionality in IMF programmes which has continued negative effects especially for marginalised groups. IMF lending policies have repeatedly been castigated for undermining some human rights and development priorities, as well as promoting failed policies of privatisation and austerity.

It reads in part:

The conditionality review must thus revisit and investigate the  impacts of IMF policy lending practice on human rights and inequality in the past two decades. We believe that fighting inequality must be integrated into loan programmes and conditions, which should  include regular  monitoring of the   impacts on inequality of such programmes.  Additionally, this  review offers an opportunity for the IMF to set out how  conditionality can  support or undermine the achievement of the Sustainable  Development Goals and human rights. Critically, this means designing conditions which do not compromise countries’ ability to achieve adequate levels of public spending, especially in  health, education  and social protection, but which in fact  help  them   support these spending levels, including through the design of fair tax systems.

Please find the full letter here.

 

06/07/2018

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The Tax Justice Network-Africa (TJN-A) is a Pan-African initiative and a member of the Global Alliance for Tax Justice. Launched in January 2007 during the World Social Forum (WSF) held in Nairobi, TJN-A promotes socially- just, accountable and progressive taxation systems in Africa. It advocates for tax policies with pro-poor outcomes and tax systems that curb public resource leakages and enhance domestic resource mobilisation.

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