By Christine Lagarde
June 6, 2017
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Senior class in Nairobi, Kenya. In many countries with IMF-supported programs public spending on education grew significantly faster than the economy of the country (photo: Xinhua/Sipa USA/Newscom)
IMF-supported programs are designed to help economies get back on their feet, but what about their impact on social spending?
Our latest research shows that health and education spending have typically been protected in low-income country programs. In fact, an analysis of more than 25 years of data (1988–2014) suggests that public health spending, as a share of GDP, has on average remained unchanged, while public education spending has increased by 0.32 percentage points.
Continue reading “Protecting Education and Health Spending in Low-Income Countries” »