Tag Archives: IMF

Is the IMF Damaging Health?

Earlier this week the Guardian published an article titled Poor countries with IMF loans ‘divert aid from public health’,which discusses research led by Oxford University that highlights the relationships between IMF borrowing and spending on public health and shows that there is a high correlation between countries taking IMF financing and very low levels of public expenditure on health. Continue reading

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RESULTS’ recommendations on the IMF adopted in report from Parliamentary Committee

Malcolm Bruce MP, Chair of the IDSC

Malcolm Bruce MP, Chair of the IDSC

Yesterday the International Development Select Committee (IDSC) of the House of Commons released a report analysing the Department for International Development’s (DFID) performance in 2008/9 and the Department’s recent White Paper, which sets out its strategy for the coming year. The report quotes from evidence submitted by RESULTS UK late last year, including our recommendation that further funding for the International Monetary Fund (IMF) from the UK is made conditional on changes in policy and processes at the IMF – something we have been pushing for over the last few years through grassroots actions and high-level lobbying. It’s great to see the IDSC explicitly recognising our concerns, and we hope to see a full response from DFID shortly. Continue reading

RESULTS activists invited to briefing on the IMF and healthworkers

Action for Global Health (a coalition of which RESULTS is a member) and the Stop Aids Campaign have invited RESULTS activists to attend a briefing on the impact of IMF policies on healthworkers in the developing world. The meeting will provide an excellent update on the role of the IMF, an issue that we have addresses in several previous monthly conference calls – for example in April 2009. Continue reading

IMF and healthworker event postponed

The event on ‘The IMF and Healthworkers’ which was due to be held by Action for Global Health and the Stop Aids Campaign on Friday 22nd January has been postponed until Wednesday 3rd March. RESULTS activists were invited to this event in last Friday’s Newsflash. Many apologies to those who had planned to attend.

If you would like to attend the rescheduled event please contact diarmaid@aidsconsortium.org.uk for more details.

RESULTS Responds to G20 Consultation on the IMF

RESULTS has made a submission to a consultation on the response of the IMF to the financial crisis, which is being run by the Department for International Development. The consultation will feed into Gordon Brown’s report at the Pittsburgh Summit in September on the implementation of the G20’s plan to tackle the crisis. You can view RESULTS’ response to the consultation online here.

The consultation remains open until Tuesday 18th August, and if you would like to make a submission you can find instructions and a template here.

A preliminary report on the consultation was released this week, and features many of the points that RESULTS made in our submission. You can view the report here. There is an overwhelming consensus among those responding to the consultation that the IMF has not responded quickly or flexibly enough to the crisis, and we are not yet seeing a sufficient reduction in the conditions that the IMF imposes on developing nations. We look forward to seeing how the G20 will respond to the issues raised through the consultation.

IMF responds to concerns about the impact of policies on developing countries

In April, members of our network wrote to Alex Gibbs, the UK representative to the IMF, to raise concerns about the impact of IMF policies on efforts to improve health and education in developing countries.

In his response, Alex Gibbs recognised that “It is important to provide adequate expenditure on poverty reduction and social sectors to ensure countries have a healthy and productive population” and noted that the UK has “strongly supported” reforms to limit structural conditions placed on developing countries.

A full copy of Alex Gibb’s response is now available here.