this post was submitted on 28 Sep 2023
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GenZedong

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[–] ksynwa@lemmygrad.ml 5 points 1 year ago (1 children)

No surprises obviously but I had no clue "stabilisation reforms" were a thing:

stabilisation reforms and their disaggregated conditions appear to have limited impact on poverty. Although stabilisation policies including cutting government spending, raising interest rates, and repaying debts cause economic pain, the IMF sets broad targets on macroeconomic indicators linked to stabilisation reforms, providing the borrower more policy discretion relative to structural reforms

I had always only heard of structural reforms which mostly include removing government intervention and privatisation of public services which, to no one's surprise, increase poverty and inequality.

[–] davel@lemmygrad.ml 2 points 1 year ago (1 children)

I’m not quite sure what they mean by stabilisation reform, but at fist pass it seems to be just rearranging chairs on the austerity Titanic .

[–] ksynwa@lemmygrad.ml 1 points 1 year ago

Seems to be similar to structural reforms just not as coercive.