Reuters: COVID aid could bring years of austerity, charities warn IMF
“Five hundred of the world’s leading charities and social groups have sent a letter to the International Monetary Fund warning that its support programs, which have had to be ramped up to cope with COVID-19, were condemning many countries to years of austerity. The concern raised before the IMF and World Bank annual meetings next week said current programs would see 80 countries required to implement austerity worth on average 3.8% of their annual economic output between 2021 and 2023…” (Jones, 10/6).