This article caught my eye because we don't hear a lot about Eastern Europe and former Soviet countries in current global health news. I was also intrigued by the finding that a money lending program was associated with an increase in TB. Not knowing much about the IMF or structural adjustment programs, I Googled the history of the IMF and found that the UC Atlas of Global Poverty has a nice synopsis
here.
The article's authors point out that although people have observed negative impacts of IMF programs on health, no outcomes have been quantified until now. I'm sure we'll discuss whether they stepped up successfully! Megan Murray & Gary King have their own Perspective in which, in addition to critiquing the study, they also nicely summarize the history and function of the IMF:
"Founded in the wake of the Great Depression of the 1930s, the International Monetary Fund (IMF) was established in 1945 when government representatives met and agreed on a “framework of international economic cooperation” (http://www.imf.org/external/index.htm) designed to prevent future economic crises. Its mission was threefold: to ensure the stability of the exchange rate, to promote economic growth, and to provide financial assistance in the form of short-term loans to countries experiencing balance-of-payments difficulties. When countries borrow from the Fund, they are required to agree to conditions set by the organization, a process that the IMF refers to as “conditionality.” These conditions entail the adoption of economic policies or “structural adjustment programs” that are meant to redress the problems that led to the need for the loan and therefore to enable prompt repayment. While the conditions vary for different loans, most impose some regimen of fiscal austerity through reduced government spending, removing barriers to international trade, cutting government subsidies, and privatization."
With HIV and sub-Saharan Africa as such hot topics in the global health literature, I'm glad to see this article addressing such a different issue that has important implications.
Additional relevant links: