E/C.12/2016/1 United Nations Economic and Social Council Distr.: General 22 July 2016 Original: English Committee on Economic, Social and Cultural Rights Public debt, austerity measures and the International Covenant on Economic, Social and Cultural Rights Statement by the Committee on Economic, Social and Cultural Rights * Background 1. The Committee on Economic, Social and Cultural Rights is frequently faced with situations whereby States parties to the International Covenant on Economic, Social and Cultural Rights are unable to comply with their obligations to fully realize the rights enshrined in the Covenant owing to the adoption of fiscal consolidation programmes, including structural adjustment programmes and austerity programmes, as a condition for obtaining loans. Such programmes are negotiated between the States concerned and lenders. The lenders may be other States or international or regional organizations, including the International Monetary Fund (IMF), development banks such as the International Bank for Reconstruction and Development (IBRD), regional development banks and regional integration organizations such as the European Union. 2. The adoption of fiscal consolidation programmes may be necessary for the implementation of economic and social rights. If such programmes are not implemented with full respect for human rights standards and do not take into account the obligations of States towards the rights holders, however, they may adversely affect a range of rights protected by the International Covenant on Economic, Social and Cultural Rights. Most at risk are labour rights, including the right to work (art. 6), the right to just and favourable conditions of work, including the right to fair wages and to a minimum wage that provides workers with a decent living for themselves and their families (art. 7), the right to collective bargaining (art. 8), the right to social security, including unemployment benefits, social assistance and old-age pensions (arts. 9 and 11), the right to an adequate standard of living, including the right to food and the right to housing (art. 11), the right to health and access to adequate health care (art. 12) and the right to education (arts. 13-14). Low-income families, especially those with children, and workers with the lowest qualifications are * The present statement, which was adopted by the Committee at its fifty-eighth session, held from 6 to 24 June 2016, was prepared pursuant to the Committee’s practice on the adoption of statements (see Official Records of the Economic and Social Council, 2011, Supplement No. 2 (E/2011/22), chap. II, sect. K). GE.16-12655 (E) 050816 

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