Neoliberal
policies prioritising international debt repayment above social spending added
fuel to the Ebola crisis, leading academics warned yesterday.
Professors said that the International Monetary Fund is
operating policies that hamper healthcare in the three worst-hit West African
countries.
Conditions for loans from the fund had prevented an
effective response to the outbreak that has killed nearly 8,000 people, they
wrote in this month’s Lancet Global Health journal.
The IMF immediately leapt to deny the charges and quoted
World Bank data to support its contention that its programmes contributed to
“significantly improved” health outcomes in Guinea, Sierra Leone and Liberia.
In addition, the finance agency added, it had provided
£250 million to fight Ebola in west Africa.
But the professors were unequivocal in their conclusions.
“The IMF aims to become part of the solution to the
crisis … yet, could it be that the IMF had contributed to the circumstances
that enabled the crisis to arise in the first place?” asked the Lancet article,
whose lead author is Cambridge University sociologist Alexander Kentikelenis.
Co-authors are Lawrence King of Cambridge, Martin McKee
of the London School of Hygiene and Tropical Medicine and David Stuckler of
Oxford University.
IMF lending requires governments to give priority to
short-term economic objectives over investment in health, the authors insisted,
backing up their arguments with IMF statistics that showed the terms of loans
to Guinea, under an IMF austerity programme for 21 years, Liberia, following
one for seven years, and Sierra Leone, in the programme for 19 years.
IMF policies had contributed to “underfunded, insufficiently
staffed and poorly prepared health systems” in the three countries — a major
reason the outbreak spread so rapidly, they said.
They added that IMF insistence on decentralised
healthcare made it difficult to mobilise a co-ordinated response to Ebola.
The IMF huffed and puffed that health spending had
increased in the three countries, if it was calculated as a percentage of GDP.
And the agency was working to provide more debt relief
that would free funds for increased health spending, it claimed.
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