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Nabil Abdo Profile picture
Nabil Abdo
@abdo_nabil86
Working with @Oxfam to influence IMF. Tweeting on inequalities, social justice & all sort of other stuff. Tweets=own personal views; RT≠endorsements. #YNWA
Apr 18, 2023 • 10 tweets • 7 min read
In #springmeetings2023 we launched a paper looking at @IMFNews main instrument to protect spending on social protection, education & health in their loans, called "social spending floors".

They are powerless in the face of harmful IMF-driven austerity.

Here's what we found🧵 We looked at all @IMFNews loan programs signed with low-and-middle income countries (LMICS) in 2020 & 2021.

This is happening in a context of strong return of #austerity: By 2024, 50% of LMICs are set to spend less than during the 2010s, exposing 2 bn people to harmful austerity Image