Discover and read the best of Twitter Threads about #endausterity

Most recents (4)

Days after @IMFNews @WorldBank mtgs ended, I'm feeling anxious. A long thread! The threat of looming IMF-imposed austerity post-pandemic is clear. IMF's pushing this in 84% of #COVID19 loans, tho austerity b4 meant most were unprepared going into pandemic oxfam.org/en/blogs/virus…
Ppl around world are deeply concerned. 500+ orgs/academics pushed @IMFNews to #EndAusterity; global @FightInequality rally Oct 17 had strong msg to IMF; @business @WSJ @FT @allafrica @guardian & many across LAC Asia and Africa covered austerity stories last wk. Heat is on
W/out denying austerity push, @IMFNews emphasized instead not to pull support plug too early, promised to prioritize progressive taxation & debt relief. But austerity writing is on the wall for after pandemic, and it’s frankly terrifying. Alternative c/o @IsabelOrtizUN
Read 10 tweets
A thread 1/4: New @Oxfam analysis shows that 84% of @IMFNews #COVID19 loans encourage, or require austerity measures in aftermath of pandemic which could result in deep cuts just when people are breathing a sigh of relief bloomberg.com/news/articles/…
2/4 Austerity contributed 2 ill-preparedness 4 pandemic as govts failed 2 invest. 1/6 countries was spending enough on health, 1/3 countries had safety nets for workers to fall back on. We need a new plan @IMFNews. #EndAusterity #FightInequality oxfam.org/en/press-relea…
3/4 Austerity will manifest differently in different contexts but by way of demonstration, we found 14 countries (Eg. El Salvador/Tunisia) are likely to freeze/cut public sector wages/jobs. More here oxfam.org/en/blogs/behin…
Read 4 tweets
🚨New @Eurodad report alert🚨 - Arrested development:
IMF and austerity post Covid-19. We review 80 IMF lending arrangements approved since March. Main findings in a "short" 🧵
TL/DR - IMF has learned nothing and forgotten nothing
eurodad.org/arrested_devel… #endausterity
It may come as a shock, but there is quite a gap between IMF discourse and practice. Discourse is littered with calls for a strong, fair and green Covid-19 recovery. In practice, lending arrangements show a rather different IMF...
Austerity like never before. 72 countries will begin fiscal consolidation in 2021. Tax increases and expenditure cuts are to be implemented in all 80 IMF program countries by 2023. These will implement austerity measures worth on average 3.8 per cent of GDP over the next 3 years
Read 12 tweets
You know how we artificially back our currency today? Taxation??? No, that is substantively how we do it today. No, the real answer is austerity. We back our currency by forced unemployment and misery.
What in the world would make "progressives" more focused on false evidence appearing real (F.E.A.R.) than the truth?
One can only speculate as the the "why" behind it.
Read 7 tweets

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