Financial crisis and consolidation/expansion measures


Social protection systems have played a key role in providing a social and economic buffer in time of crisis and have mitigated the negative social impacts resulting from an economic downturn. They have stabilized household incomes and aggregate demand, thereby contributing to economic recovery, employment and social cohesion. These experiences underscore that in time of crisis it is fundamental for countries to strengthen, rather than to shrink, social investments.

However, the increased pressures on public budgets have also limited the policy space for social protection, and have led to significant retrenchment in many countries, which in many cases negatively affect the realization of human rights.

Photo credit: “zanzibar 007” by holydog (CCBY 2.0 via Flickr).

Legal Cases

Austerity measures that contravene Conventions by reducing social protection and increasing poverty

In its general report of 2009, the Committee of Experts on the Application of Conventions and Recommendations (CEACR) observed that the global financial crisis was posing a real threat to the financial viability and sustainable development of social security systems and undermining the application of ILO social security standards. The CEACR reminded governments that, under […]

Austerity measures that contravene Conventions by reducing social protection and increasing poverty in Greece

Recalling previous recommendations, the Committee observed that the austerity measures in conjunction with the continuous contractions of the economy, employment and public finances posed a threat to the viability of the Greek national social security system, resulting in the impoverishment of the population, thus undermining the application of all accepted parts of Social Security (Minimum […]

Protecting pensions against austerity measures in Latvia

Summary: Latvian pensioners formed a petition and challenged the constitutionality of Latvia’s Law on State Pension and State Allowance Disbursement – commonly known as the ‘Disbursement Law’ – in the period from 2009 to 2012. The overall economy in Latvia was rapidly declining in 2009, and the Latvian Parliament, with advice from the International Monetary […]


Human Rights in Times of Austerity (Brazil)

One year into Brazil’s 20-year constitutional cap on public spending, the Center for Social and Economic Rights, the Instituto de Estudos Socioeconômicos (INESC) and Oxfam Brazil have presented new empirical findings to the Brazilian Congress that illustrate austerity’s already severe impact on basic social and economic rights in the areas of food security, health and […]

The Gendered Costs of Austerity: assessing the IMF’s role in budget cuts which threaten women’s rights

This briefing paper provides a brief assessment of the changing role of the International Monetary Fund (IMF or the Fund) with regards to one key fiscal consolidation measure: contractions in public expenditure. The briefing explores the Fund’s positive and negative influence over public expenditure decisions, and further explains how public spending cuts have an especially […]

IMF Monitor

The website makes the first comprehensive and transparent database of IMF-mandated policy reforms  freely available to interested researchers and civil society organizations. The database systematizes the 58,406 conditions applicable to IMF programmes over the 1980-2014 period. The data was extracted from countries’ loan agreements with the IMF. This resource enables nuanced explanations of the economic, social […]

Report on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights (A/HRC/34/57), submitted by the Independent Expert on Foreign Debt and Human Rights, Juan Pablo Bohoslavsky

The present report is submitted by the Independent Expert on the effects of foreign debt on the enjoyment of all human rights, particularly economic, social and cultural rights, Juan Pablo Bohoslavsky, pursuant to Human Rights Council resolution 25/16. The report focuses on labour rights in the context of economic reform and austerity measures. In the […]

The Forthcoming Adjustment Shock

This policy brief is based on the working paper The Decade of Adjustment: A Review of Austerity Trends 2010-2020 in 187 Countries.  Read the working paper here.

The Decade of Adjustment: A Review of Austerity Trends 2010-2020 in 187 Countries (Extension of Social Security Series)

This paper: (i) examines the latest IMF government spending projections for 187 countries between 2005 and 2020; (ii) reviews 616 IMF country reports in 183 countries to identify the main adjustment measures considered by governments in both high-income and developing countries; (iii) applies the United Nations Global Policy Model to simulate the impact of expenditure […]

Children of the Recession: The impact of the economic crisis on child well-being in rich countries

As the data in this new edition of the Innocenti Report Card series show, in the past five years, rising numbers of children and their families have experienced difficulty in satisfying their most basic material and educational needs. Most importantly, the Great Recession is about to trap a generation of educated and capable youth in […]

Alternatives to Austerity: a human rights framework for economic recovery

This article argues that the effects of the crises themselves are being compounded rather than relieved by the measures that many governments are taking in response. These are seriously threatening the lives and livelihoods of millions of the poorest people, and are having a devastating effect on their enjoyment of economic, social and cultural rights (ESCR). […]

Social protection floor for a fair and inclusive globalization

This report, prepared under the guidance of Ms Michelle Bachelet and members of the Advisory Group, shows that the extension of social protection, drawing on social protection floors, can play a pivotal role in relieving people of poverty and deprivation. It can in addition help people adapt their skills to overcome the constraints that block […]

Optimal financing and self-adjusting mechanisms for sustainable retirement systems

This brief paper first recapitulates the main pension financing options and reviews the theoretical pros and cons of pension funding seeking for a logical synthesis. In the second part of the paper, a broad review of the historical experience of pension reforms since the 1980’s is presented as well as in the context of the […]

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