Rather than provide debt relief to developing countries struggling to bring COVID-19 under control, global financial institutions are continuing to impose neoliberal structural adjustment measures, write Eric Toussaint, Emilie Paumard, Milan Rivié.
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Although the International Monetary Fund (IMF) claims it is part of the solution, the IMF is really part of the problem of underdevelopment and it has been for decades. The latest proof is that the conditions imposed on countries in need have had serious impacts on the development of these countries’ public health services. In some countries, this means letting epidemics destroy the lives of thousands of people. The latest example involves the Ebola epidemic.