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portada del informe "Resultados del endeudamiento con el FMI sobre los cuerpos de las mujeres en Ecuador"

The Impact of IMF measures on women in Ecuador

By Economic Justice, Ecuador

Two years after a global pandemic, the measures of austerity have profoundly exacerbated inequalities. The dominant characteristics of austerity, which include inadequate and failed public services in education, health, social protection; income inequality driven in part by regressive taxes; and a skeletal role of the state built by privatization schemes. All this has led to a systematic erosion of the resilience of public systems, as well as of a social contract that safeguards the redistribution of wealth, resources and public goods towards equity and compliance with human rights.

This paper published by CDES examines the dynamics and implications of gender austerity in Ecuador in the context of its 27-month IMF loan program for USD 6,500 million, started in 2019 and redefined at the beginning of the pandemic in 2020 (IMF 2021). The fiscal consolidation program attached to the loan includes a wide range of measures. For example: extensive cuts in public spending focused on the health sector, relief measures labor deregulation, elimination of fuel subsidies, restrictions on ability of the central bank to finance liquidity problems in the pandemic crisis and privatization of state companies and public services, among many others.

portada del informe "Resultados del endeudamiento con el FMI sobre los cuerpos de las mujeres en Ecuador"

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March 11, 2023
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“When it rains, it pours”: Latin America and the Caribbean facing the consequences of pandemic and war

By Economic Justice, FfD processes

This document was prepared by LATINDADD with the contribution of its member organisation the Center for Economic and Social Rights – CDES.

The objective of this document is to present recommendations based on the studies carried out by these organisations on the context of the region, the analysis of development processes and recommendations in this regard.

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April 23, 2022
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Bangladesh, Covid-19 and Debt

By Bangladesh, Debt Justice, Economic Justice

The Covid-19 crisis threatens to erode two-decades’ of progress on poverty reduction in Bangladesh. This difficult situation highlights the need for a more ambitious response to the crisis.

This blog has been written by ActionAid Bangladesh as part of a series of articles produced in conjunction with Eurodad on the implementation of the Debt Service Suspension Initiative (DSSI), to complement the report “Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?” published in October 2020.

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March 16, 2021
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Grenada, Covid-19 and debt

By Debt Justice, Economic Justice, Grenada

While Covid-19 has had a limited impact on the health of Grenada’s population, the economic impact of the virus has been devastating.

This blog has been written by Jubilee Caribbean as part of a series of articles produced in conjunction with Eurodad on the implementation of the Debt Service Suspension Initiative (DSSI), to complement the report “Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?” published in October 2020.

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February 2, 2021
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Nepal, Covid-19 and debt

By Debt Justice, Economic Justice, Nepal

Nepal has been caught in a blizzard of economic and health challenges caused by the Covid-19 pandemic. Like other countries in the global south, it has received insufficient and inadequate support to tackle these challenges. The consequences of the lack of international solidarity are being felt by the most vulnerable people across the country.

This blog has been written by Asian Peoples’ Movement on Debt and Development (APMDD) and Tax and Fiscal Justice Alliance Nepal as part of a series of articles produced in conjunction with Eurodad on the implementation of the Debt Service Suspension Initiative (DSSI), to complement the report “Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?” published in October 2020..

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January 12, 2021
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Zambia: The canary in the (debt crises) mine?

By Economic Justice, Events, Zambia

Zambia became the first country to default on its sovereign debt as a result of Covid-19. What are the implications of this development in the context of the recently announced G20 initiative for a “Common Framework for Debt Treatments Beyond the DSSI”? Is Zambia a herald of things to come to other developing countries? How is the crisis affecting the lives and livelihoods of the Zambian people? Join us for a discussion on these issues.

Moderation:

  • Iolanda Fresnillo (Eurodad).

Panelists:

  • Tim Jones (Jubilee Debt Campaign UK),
  • Muchimba S. Siamachoka (JCTR Zambia).

Respondents:

  • Jason Braganza (Afrodad), Representative from the office of the UN Independent Expert on Foreign Debt

Organised by: JCTR, Afrodad, Eurodad, Jubilee Debt Campaign UK, Erlassjahr.

November 26, 2020
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