Side Event to the 2024 Human Rights Council Social Forum
Background
Decades of colonial extraction, followed by economic liberalization, deregulation, and privatization enforced by the IMF and World Bank, have strengthened corporate control over economies while weakening developing countries’ ability to respond to crises. Public debt, illicit financial flows, and unfair tax rules drain resources, hindering efforts to achieve human rights, gender equality, and sustainable development. Disruptions in global supply chains, flexible labor schemes, and lack of social protection drive millions into poverty.
Neoliberal policies, backed by institutions like the World Bank, prioritize corporate profi...