Bob Harris, EI's Senior Consultant to the General Secretary, shares information and commentary on the impact of the financial crisis on education funding, and how education can be part of the solution.
IMF announced a new $1.5 billion loan. Among the conditions announced in the brief press release announcing the loan are "fiscal consolidation and public sector wage restraint"
IMF rescue packages are imposing the same conditionalities as in the past, including public sector budget and wage cuts. This is in contradiction with IMF Head Strauss-Kahn's call for "coodinated global stimulus". (See also Romania)
For more information: http://www.imf.org/external/np/sec/pr/2009/pr09151.htm
Source: Global Unions Washington office
IMF bailout conditions for Bosnia
Labels: bailout, Bosnia, conditions, IMF |
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Education International 2009
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