Descripción
The experience of recent debt crises indicates that governments and financing agencies decided to honor their credit contracts and transfer the costs of the crisis to the population. Through so-called structural adjustment policies or “austerity policies”, they leave the ongoing social contract in a secondary place. The reduction of social investment as an “adjustment” or “austerity” policy also has strong adverse implications in terms of guaranteeing human rights in a region that, despite some progress, has not been able to universalize basic health and education services, nor the main social security instruments.
Published on September 14, 2021
