ActionAid Federation raises concerns over IMF debt sustainability assessments

The concerns are contained in the Federation’s latest report titled: “Still Cooking with a Failed Recipe: A Review of IMF Country Advice on Social Spending, Public Services, Debt, Tax and Gender Equality.

It said IMF-supported debt restructuring had generally failed to create sufficient fiscal space for governments to increase investments in health, education and other critical public services.

A copy of the report, made available to the Ghana News Agency in Tamale, indicated that despite the IMF’s stated commitment to protecting vulnerable populations and promoting sustainable development, its country-level policy advice continued to place greater emphasis on fiscal consolidation and debt repayment than on social investment.