Oxfam Report Highlights Deep Harms of IMF ‘Austerity Drive’ in Poor Nations
by Jake Johnson, published on CommonDreams, April 13, 2023 Austerity is the flip side of sanctions. For the global south, economic interactions with western financial institutions are “austerity” vs “sanctions” which amounts to “Damned if you do; Damned if you don’t” The entire western economic structure is geared to extraction, and its prescriptions permeate the global south like poison. [jb][…]
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