Long Way To Go

Sahar Mechmech

In the recent IMF/World Bank annuals in Marrakech, the two Bretton Woods institutions unveiled their prospects and their policy direction for the coming years. Despite years of critiques from governments, CSOs, and grassroots movements, the announced strategies by these IFIs do not steer away from the past failed austerity policies. Instead, they generally follow along the same lines of pushing for less government spending and weak taxation but re-wording them using progressive terms. This effectively redefines these terms and contributes to green- and pink-washing.

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