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At a critical side event during the IMF/World Bank Spring Meetings, a broad coalition of labor leaders and civil society organizations gathered to examine the growing disconnect between the IMF’s rhetoric on social spending and the realities of its austerity-driven programs.

Co-organized by the Global Coalition for Social Protection Floors, Global Social Justice, MENA Fem Movement, Human Rights Watch, Arab Reform Initiative, Akina Mama wa Afrika, and other key groups, the session—Austerity vs. Protection: Labor’s Perspective on the IMF’s Contradictory Social Spending Approach—highlighted the findings of a new ITUC study on the implementation of the IMF’s 2019 social spending strategy.

The discussion revealed that despite policy commitments to social protection, IMF programs continue to prioritize fiscal consolidation, often at the expense of essential public services and workers’ rights. Rather than reducing inequality, these measures have exacerbated social and economic divides.

The post April 22, 2025 | Side Event at the IMF/World Bank Spring Meetings, Washington D.C. appeared first on End Austerity.

The World Social Forum in Nepal is an Open Space of social movements, NGOs, civil society organisations, trade unions, citizens who demand that “Another World is Possible”.  We believe that ending austerity is central to the aims of this assembly gathered in Kathmandu 15-19 February, and this is why we call for immediate attention to the crisis of austerity that is only getting worse, and demand for immediate action on many alternatives that exist to austerity.

Today, more than 6 billion people are suffering from austerity, so-called “fiscal consolidation” according to a recent study by the EndAusterity Campaign. We demand that governments immediately stop harmful public budget cuts in essential areas like education, health and social protection, and halt damaging reforms such as the privatization of public services and social security rights, which are exacerbating gender inequality, as women are the shock absorbers due to the subsidy they provide to the global economy through their unpaid domestic and care work. Instead of austerity cuts/reforms, governments must seek new sources of fiscal space to meet their Human Rights obligations and achieve the UN Sustainable Development Goals.

Specifically, we, the undersigned social movements, civil society organisations, trade unions and academics demand that governments, regional organisations and multilateral organisations urgently:

At the 2024 World Social Forum in Kathmandu, the End Austerity Campaign hosted a powerful session addressing the harmful social consequences of austerity measures—particularly their disproportionate impact on women.

The session featured high-level speakers, including the Executive Directors of Oxfam, Financial Transparency International, and Global Social Justice, among others. Discussions focused on the urgent need to move away from austerity-driven policies and emphasized the wide range of financing alternatives available to governments that can lead to socially just and sustainable development outcomes.

The event culminated in the launch of the Kathmandu Statement to End Austerity, a bold declaration signed by participants, reinforcing the global call for economic policies rooted in equity and human rights.

The post World Social Forum Session Calls for an End to Austerity and Promotes Fair Financing Alternatives appeared first on End Austerity.

October 13, 2023 | Side Event at the IMF/World Bank Annual Meetings, Marrakech

At a high-level side event during the IMF/World Bank Annual Meetings in Marrakech, the End Austerity Campaign, together with the Global Coalition for Social Protection Floors and the Campaign for the Right to Social Security, convened a timely discussion on the urgent need to rethink social protection in the context of debt and austerity.

Drawing on recent research, the session revealed that IMF-mandated social spending floors often fail to counteract the broader harm caused by austerity-driven policy conditionalities. Rather than mitigating inequality, these measures tend to entrench it further.

Panelists called for a transformative shift in how the IMF and World Bank approach social policy—moving beyond narrow safety nets to frameworks that embed human rights and social justice at their core. The discussion championed the creation of a new eco-social contract, one that links economic policies with environmental sustainability and universal social protection.

The post Advancing Social Security Amid Debt and Austerity: Toward a New Eco-Social Contract appeared first on End Austerity.

At the Reclaim Our Future Conference in Marrakech, the End Austerity Campaign hosted a compelling session exposing the global rise of a new wave of austerity policies—currently impacting more than 6 billion people worldwide.

The session addressed urgent questions:

• What are these new austerity measures?
• Where are they being implemented?
• What is the human cost of these policies?
• And what feasible alternatives can governments adopt instead?

Drawing on powerful evidence and key findings from recent reports by campaign members—including ActionAid International, the Financial Transparency Coalition, Human Rights Watch, OXFAM, Global Social Justice, and numerous other civil society organizations—the session highlighted how austerity undermines fundamental rights such as education, healthcare, and social protection.

Speakers called for immediate action to reverse harmful economic policies and to adopt rights-based, equitable alternatives that put people and planet first.

PRESS RELEASE

For immediate release

Marrakech, October 5, 2023

330 major civil society organizations and senior academics from around the world have signed a declaration calling on the International Monetary Fund, the World Bank and governments to end austerity measures, ahead of the IMF-WB Annual Meetings in Marrakech, Morocco, on 9-15 October.

Today, 6 billion people are living under austerity around the world, resulting in harmful cuts in public services and social protection amid a cost-of-living crisis. These IMF and World Bank-promoted austerity policies are being implemented in the name of ‘fiscal consolidation’ as countries struggle to pay their debts.

We, civil society representatives and academics from all over the world, call upon governments, Ministries of Finance and International Financial Institutions to end austerity.

Today, more than 6 billion people are suffering from austerity, so-called “fiscal consolidation”, amid a cost-of-living crisis. We demand that governments immediately stop harmful public budget cuts in essential areas like education, health and social protection, and halt damaging reforms such as the privatization of public services and social security rights, which are exacerbating gender inequality, as women are the shock absorbers due to the subsidy they provide to the global economy through their unpaid domestic and care work. Instead of austerity cuts/reforms, governments must seek new sources of fiscal space to meet their Human Rights obligations and achieve the UN Sustainable Development Goals.

Specifically, we, the undersigned civil society organizations, trade unions and academics demand that governments, Ministries of Finance, the IMF, World Bank and other International Financial Institutions urgently:

بيان بشأن زلزال المغرب

تعبر حملة إنهاء التقشف عن خالص تعازيها وتضامنها مع الشعب المغربي على إثر الخسائر البشرية الكبيرة والدمار الذي خلفه الزلزال الذي ضرب مراكش وجبال الأطلس الكبير في 8 شتنبر.

Date: Saturday, 7 October, 9am-6:30pm (Marrakesh time), 8am-5:30pm UTC
Venue: Cadi Ayyad University Club Marrakesh & online
Register to attend: https://forms.gle/zADLVqmp2RfXX7gX8 

Join us for a full day hybrid event on October 7th 2023 in Marrakesh!

To kick off the World Bank & IMF Annual Meetings, we will come together to celebrate resistance against their failed economic model that puts profit before people and planet, and join forces in calling for a feminist, green and care-led agenda for the future!

The EndAusterity Campaign invites campaign members and allies, existing and new ones, to join the Festival to share their advocacy know-how and research, speak to their experience and lived realities in their communities, and inspire advocacy, action and art.