|
Window of opportunity to influence the IMF |
لا يوجد حاليا أي الترجمة المتاحة لهذه الصفحة
|
|
 A major implication of a policy focus on teachers is that GCE should advocate for policies that permit low income countries (LICs) to hire the teachers they need. This includes confronting International Monetary Fund (IMF) conditions that constrain investment in public services. In 2007 an independent evaluation of lending in Africa found that in a large number of cases, aid was being diverted into reserves to satisfy the IMF’s definition of macro-economic stability. Not only that, but governments are often prevented from mobilizing domestic resources because of the IMF’s requirement that they stick to rigid short-term fiscal targets such as below 5% inflation and zero budget deficits.
GCE will be advocating that the review of lending to LICs address the very low inflation and deficit spending targets it prescribes to SSA countries (what is SSA?), take account of the restrictions on aid flows resulting from these policies and explore macroeconomic policies that enable rather than block delivery of human services such as education and health. We will also call on our members to support this effort by signing on to letters to be directed to representatives on the IMF Board, national authorities such as their Ministers of Finance, Education and Development and parliamentarians who have oversight authority on these sectors and the national budget. |
|
