The policies of international financial institutions (IFIs) have forced governments to cut expenditures on key essential public services, such as health care, education, public transit, water, sanitation and access to fuel and electricity, to cut subsidies and introduce user fees. Macroeconomic fiscal and monetary policies have also had unnecessarily restrictive deficit-reduction and inflation-reduction targets. Such measures have disproportionately disadvantaged the poor and vulnerable groups in developing countries and have undermined the ability of country governments to meet their own human rights obligations.
At the same time, private sector investments that are supported by the IFIs are often associated with negative human rights impacts, and in some cases, severe human rights violations. IFIs have facilitated corporate activity that is associated with the forced displacement of local populations, paramilitary and police repression, workplace injuries, state-sponsored intimidation and censorship, exposure to environmental contaminants and biological pathogens, and the destruction of sacred cultural sites, among other adverse human rights impacts.
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Human Rights -Related