It is almost enough to make one's jaw drop to think that officials at the World Bank and the IMF would suggest that they have poverty alleviation in mind when they force governments to withdraw subsidies that enable poor people to get clean water to drink. If this is a policy aimed at helping the world's poor, it's interesting to imagine what a policy aimed at hurting the world's poor would look like.
About this quote
- What does it mean?
- IMF policies that remove subsidies harm the poor despite claims of helping them.
- In plain terms
- Policies meant to help actually hurt the poor by removing basic supports.
- What can you take from it?
- Austerity measures often worsen poverty.
Where it applies
Putting it to work
Questions to consider
- Do international loans benefit the poor or creditors more?
Another view
Some argue subsidies create long-term dependency.
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