The IMF Board of Executive Directors' vote will trigger immediate price increases for food, electricity, fuel and essentials

14 September 2026

At the IMF Board of Executive Directors meeting on Monday, 14 September, the Fund is voting to impose upfront bulk public spending cuts on borrowing countries. Campaigners warn the move will trigger immediate price increases for food, electricity, fuel and essentials. Jenny Ricks, Fight Inequality Alliance General Secretary, says:

"These legacy institutions have one answer to the cost-of-living crisis - to make it worse. They've spent eighty years raising prices, closing clinics, and emptying classrooms, charging the rest of us for a system nobody alive today voted for."

Media Contact:

Daud Kayisi, I Fight Inequality Alliance I  daud.kayisi@fightinequality.org I +265 999 826 757

Fight Inequality Alliance is a growing global movement organising and mobilising to counter the excessive concentration of power and wealth in the hands of a small elite. FIA unites a wide range of social movements, grassroots and community-based organisations, civil society organisations, trade unions, artists and individual activists from across the world who share a vision and purpose in fighting the structural causes of inequality together. It is currently calling for action on the cost of living around the world - https://fightinequality.org/your-cost-of-living-is-rising-fast-governments-must-act