Video of the session “IMF's strategy on social spending facing austerity: new direction or bandaid?”

The video of the session “IMF's strategy on social spending facing austerity: new direction or bandaid?” is now online. The session was held on Wednesday, April 12th, 2023.

Civil society welcomed the IMF's new policy on social spending in 2019. However, we are concerned that spending on social protection, health and education is still not given sufficient priority in government budgets. Indeed, we fear conditionality in IMF country programs will continue to negatively impact essential social spending. How should IMF and other international agencies, labor movements and CSOs each work to enhance and protect national social spending programs? And, how might international cooperation be strengthened to assure more adequate, efficient, universal and sustainably financed social protection and social services in all countries.

Moderator: Alex Cambpell, International Trade Union Confederation (ITUC)

Panelists:

Download bios here.

The event took place at the Civil Society Policy Forum (CSPF) during the 2023 International Monetary Fund - World Bank Group Spring Meetings that was held from April 11 to April 14, 2023 in Washington DC. The video and further information are available here.

The event was co-organized by the Global Coalition for Social Protection Floors (GCSPF), Bretton Woods Project, Human Rights Watch, International Trade Union Confederation (ITUC), Kvinna till Kvinna Foundation, NGO Committee on Financing for Development, Oxfam International, Social Justice in Global Development, Social Policy Initiative (South Africa).

This event was dedicated to the memory of Prof. Michael Cichon. Michael was the inspiration behind and driver of Recommendation 202, founder of the Global Coalition for Social Protection Floors (GCSPF) and he has been an inspiring example to so many people around the world.

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