Faced with Crushing Debts, Worlds Poorest Nations to Slash Public Spending by Over 229 Billion Dollars

By Global Issues

UNITED NATIONS, Oct 09 (IPS) – The World Bank and the International Monetary Fund (IMF) are returning to Africa, for the first time in decades, with the “same old failed message”.

“Cut your spending, sack public service workers, and pay your debts– despite the huge human costs” says Oxfam International’s interim Executive Director Amitabh Behar, following the release of new Oxfam report.

Read the full story, “Faced with Crushing Debts, Worlds Poorest Nations to Slash Public Spending by Over 229 Billion Dollars”, on globalissues.org →

Source: Faced with Crushing Debts, Worlds Poorest Nations to Slash Public Spending by Over 229 Billion Dollars