‘Thai people already poor’: developing nations protest IMF’s austerity call
The IMF should focus on climate financing and tax reforms rather than demand governments cut subsidies and social spending, critics say
The message from the IMF has been clear: after years of economic crises starting with the pandemic and continuing through the wars in Ukraine and the Middle East, worldwide debt is too high and governments need to cut spending.
For the hundreds at the protest in Bangkok, as well as for rights groups and analysts, that message is the wrong one.
