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In the midst of the pandemic, why is the IMF still pushing austerity on the Global South?

Despite its own warnings, the International Monetary Fund is risking another ‘lost decade’ for development.

By Soren Ambrose
In the midst of the pandemic, why is the IMF still pushing austerity on the Global South?
SOPA Images/SIPA USA/PA Images
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This article is part of ourEconomy's 'Decolonising the economy' series.

In the wake of the 2007-2008 financial crisis, a report by the International Monetary Fund’s independent evaluation office into the institution’s handling of the downturn praised its role in supporting global stimulus plans to boost economic activity, but criticised it for endorsing a premature return to austerity measures. Surely the IMF won’t make the same mistake twice?

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Creative Commons Attribution-NonCommercial 4.0