Author: Shereen Talaat

In the midst of a global “polycrisis,” the International Monetary Fund (IMF) is under scrutiny for exacerbating dire crises in the Global South. Country after country is facing climate, hunger, energy, debt, and development crises, worsened by IMF policies and surcharges imposed on the most indebted borrowers. Recent events in Egypt and Kenya offer a glimpse into the harmful effects of IMF pressure and austerity measures, leading to increased prices for essential goods like bread and medication, sparking social unrest. The unnecessary surcharges imposed by the IMF only add to the financial burden on struggling nations, hindering their ability to…