Ten Ounces of IMF Gold Equivalent to One Human Life

Said ActionAid International policy officer, Romilly Greenhill, "the IMF holds some 100 million ounces of gold in its reserves. Selling only a tenth of this each year could raise vitally needed money for development. If those funds were to be invested in basic healthcare, for example, one million lives a year could be saved. You add it up, and it comes down to the fact that less than ten ounces of unused and un-needed IMF gold, if spent on health, could save one life. In delaying their decision, the IMF has shown that it may value the lives of those living in poverty less than they do gold."