"Our analysis highlights the need for the IMF and the G-8 countries to adapt their advice to the changing political and socio-economic conditions in the Arab region," said
The report emphasizes that the IMF's call for social safety nets fails to account for corruption, weak institutional capacity, and inadequate protection schemes currently in place in transitioning countries. "In the absence of robust social protection schemes or alternative measures to mitigate the effects of rising commodity prices," the report contends, "subsidy removal will only further undermine the socio-economic conditions of vulnerable groups."
The report directs several recommendations toward the IMF, including:
* Shift policy advice to Arab governments away from near-term fiscal consolidation toward strengthening productive economic sectors and social protection schemes.
* Urge national governments to consult with civil society organizations - including labor unions, NGOs, and municipal authorities - regarding economic reform agendas and national development plans, especially concerning the development of social protection schemes.
* Work with national governments to develop short-term alternatives to subsidy reform, such as debt relief, progressive taxation systems, or reducing military expenditure.
Click here (http://middleeast.newamerica.net/publications/policy/arab_uprisings_social_justice) to read the full report.
TNS 24HariRad-140228-30FurigayJane-4651054 30FurigayJane
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