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ActionAid Describes 2024 IMF/World Bank Meeting, A Damp Squib, Falling Short of Addressing Issuing for People Living in Poverty

ActionAid Describes 2024 IMF/World Bank Meeting, A Damp Squib, Falling Short of Addressing Issuing for People Living in Poverty
By: Michael Mike
ActionAid has said the 2024 International Monetary Fund (IMF) and World Bank Annual meetings in Washington, D.C., were a damp squib that fell short of addressing the bread-and-butter issues for people living in poverty.
The IMF’s forecasts of high debt and slow growth, especially among Global South countries, and its recommendations for even more fiscal adjustments, public sector wage rationalization,and the social acceptability of structural reform are testament to their continued failure and inability to show relevance for the global majority in the 21st century.
The Global Economic Justice Lead at ActionAid International, Roos Saalbrink, said: “We see once again how the IMF is not fit for purpose and unable to offer real solutions to the economic crises they helped to create. The decision to stick to old ways and pursue harmful policies, such as public sector wage cuts, is a blatant disregard for decades of evidence that has shown that this does not work and for rapidly growing inequality.”
He added that: “The IMF seems unable to see reality outside its econometric models. Sadly, the lack of meaningful action to arrest the debt crisis and put an end to austerity could spell doom for the global majority, whose voices demanding a break from the failures of the past are yet again ignored.”
On her part, the Policy Specialist at ActionAid UK, Jessica Mandanda, said:
“It has been 80 years, and we find ourselves, yet again, at odds with the International Financial Institutions, with consistent contradictions in what they say and what they do. What is crystal clear is that the IMF is completely out of touch and disconnected from the lived realities of billions across the world who are suffering because of austerity and bad policy advice.
“The calls for austerity, or fiscal adjustments or restrictions as the IMF is calling it, will increase the burden among vulnerable communities, especially women, who bear the brunt of cuts in spending on essential services such as health, education, and other support sectors.
“In so many ways, we have seen even more this past week that the IMF is willing to let people especially women be collateral in the pursuit of economic growth. After 80 years, we expected the IMF to take responsibility for their failed policies and be open to changing their ways of operating. Their decision to stick to business as usual will doubtlessly reverberate negatively on vulnerable and poor communities, in the Global South.”
ActionAid noted that metrics like Gross Domestic Product growth hide the real impacts of economic policies, as well as in whose interests this endless growth is pursued. It is a continuation of a colonial system enabling the extraction of wealth and resources into the hands of a few, fueling extreme inequality. The increased climate crisis stems from this unquestioned pursuit of GDP growth that is driving extractivism and has pushed the planet beyond its limits.
The Women’s Rights Programme and Policy Advisor for ActionAid International, Lina Moraa, said: “While the IMF preaches ‘reform’ it is clear that they have failed to deliver on this for the past 80 years. The fund is still deeply entrenched in neoliberalism and happy to perpetuate a system that fuels inequality and suffering. We demand a radical departure from this failed model and a new era of economic justice for all.”
She noted that the time is up for outdated economic policies, systems, and rules, that disproportionately impact women and girls. As part of international financial architecture reform, governments must take debt negotiations and sustainability assessments away from the IMF to a new UN democratic and representative debt workout mechanism to function at the Fourth UN Financing for Development conference in 2025 hand in hand with a UN Convention on International Tax Cooperation.
ActionAid insisted that there is an urgent need for a collective resolution to the global debt crisis anchored on debt cancellation, radical debt renegotiation, reparations, and bold action for progressive, gender-responsive, and climate-sensitive tax reforms to allow governments to invest in quality public services.
Global Lead on Economic Justice and Public Services at ActionAid International, Roos Saalbrink said: “The blatant unwillingness of global north governments to change the current governance structure of the IMF and World Bank is striking. The IMF itself also seems adamant to keep the system as it is, holding itself at the center of economic decisions continuing the endless cycles of debt, reforms, and cuts in government spending. Debt cancellation simply is not in the IMFs interest, it might put it out of business. So, we should see its outdated recommendations for what they are; a deliberate attempt to maintain its relevance and power.”
ActionAid Describes 2024 IMF/World Bank Meeting, A Damp Squib, Falling Short of Addressing Issuing for People Living in Poverty
News
Two commuters lost their lives as tipper rams into Keke napep injuring others in Maiduguri

Two commuters lost their lives as tipper rams into Keke napep injuring others in Maiduguri
By: Bodunrin Kayode
Two commuters have lost their lives while several others were injured when a tipper lost control of its break and rammed into their Keke napep in Maiduguri on Friday.
The fatal crash which occurred around the T junction overlooking the official quarters of the Commissioner of Police in Maiduguri has brought to the fore once again the excesses of tipper drivers in the Borno State Capital.

A Statement by the sector commander of the Federal Road Safety Corps (FRSC) Usman Muhammad described the probable cause of the crash as break failure.
In his statement he said that “A road traffic crash occurred at Police Commissioner Junction in Maiduguri on Friday, 3rd October at about 1854 hrs, resulting into two fatalities and eight injuries.
“The Crash involved a Howo truck, a Toyota Corolla and two other Tricycles at the Junction.
“The Cause of the Road crash was as a result of mechanical fault (Brake failure) of the Tipper Truck.
“Eight people (all Male adults) were involved in the crash. Two dead (all male adults) and 6 injured (all Male adults)”
The FRSC Sector Commander, Usman Muhammad said he had promptly dispatched emergency services to the scene to rescue the victims and provide medical attention to those who were wounded.

The FRSC authorities further noted that they have launched an investigation into the crash to determine the circumstances surrounding what happened that fateful day.
Meanwhile, the Sector Commander, urged motorists to exercise caution on the roads and adhere to traffic regulations to prevent such incidents.
The Command also emphasizes the importance of regular vehicle maintenance to ensure roadworthiness as a proactive measure to avoid such crashes.
Commander Usman
Muhammad who spoke with this reporter on phone extended his condolences to the families of the deceased and wished the injured a speedy recovery even as all the victims were conveyed to the Specialist Hospital Maiduguri for medical attention.
Bodies of those who lost their lives have since been deposited at the Mortuary of the specialist hospital, Maiduguri.
Two commuters lost their lives as tipper rams into Keke napep injuring others in Maiduguri
News
Two killed as suspected herders attack farmers in Benue

Two killed as suspected herders attack farmers in Benue
By: Zagazola Makama
The Benue State Police Command has confirmed the killing of two farmers following an attack by suspected bandit herders in Naka area of the state.
Sources told Zagazola Makama that the incident occurred on Oct. 3, 2025, when the victims were returning from their farm.
Sources said that one Odiua Oshinyo of Tse Adiagh, Naka, had reported to the police that his son, Terkimbi Gyaluwa, 25, returned home and narrated how they were attacked by armed herders while working on their farm.
Upon receiving the report, the Divisional Police Officer (DPO) in Naka mobilised patrol and tactical teams to the scene, where two corpses were recovered and deposited at the General Hospital Mortuary, Naka.
Sources said joint patrols have been intensified in the area to forestall further attacks and ensure the arrest of the perpetrators.
End
News
Two die in family dispute over traditional title in Niger

Two die in family dispute over traditional title in Niger
By: Zagazola Makama
Atleast two persons killed following a violent clash over a family traditional title dispute in Gbajibo village, Mokwa Local Government Area.
Sources disclosed that the incident occurred on Oct. 3, 2025, after a heated argument between Iliyasu Umar Sayidi, 30, and Ahmadu Isah, 25, both of Bukka village, escalated into a fight.
According to the sources , the two men engaged each other in a brawl and stabbed themselves with a dagger, inflicting severe injuries.
They were rushed to the General Hospital, Jebba, where they were confirmed dead on arrival.
Police operatives visited the scene, photographed the corpses, and deposited them at the hospital mortuary for autopsy.
The case is currently under investigation by the Criminal Investigation Department (CID), sources said.
Two die in family dispute over traditional title in Niger
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