Washington, United States, Sept 10, 2026 (AFP) - Oxfam says IMF pushed for larger austerity cuts in borrowing countries

NAMPA / AFP

2026-09-10

The IMF has pushed borrowing countries to make bigger austerity cuts over the past decade, charity Oxfam said early Thursday, urging for alternatives to such measures. "These cuts undermine vital spending on public services -- from health care to education and housing -- that protect low-income communities," Oxfam warned in a statement. It said the median annual austerity cuts required by the International Monetary Fund rose from 0.21 percent of......

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