Costa Rica

For every $1 the IMF encouraged a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures

13 April 2023

An important International Monetary Fund (IMF) initiative to shore up poor people in the Global South from the worst effects of its own austerity measures and the global economic crisis is in tatters.
New global index shows catastrophic failure to tackle inequality left majority of world’s countries woefully unprepared for COVID-19

8 October 2020

Very low spending on public healthcare, weak social safety nets and poor labor rights meant the majority of the world’s countries were woefully ill-equipped to deal with COVID-19, reveals new analysis from Oxfam and Development Finance International (DFI) today.