IMF
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Why it would be good for the IMF if Greece stopped repaying the IMF loans
27 May 2015 - by Bodo Ellmers
The creditor community has another shock and awe moment this week, as more and more influential actors argue that Greece should stop repaying the International Monetary Fund (IMF) loans and rather use scarce public resources to tackle its (...) -
IMF has made €2.5 billion profit out of Greece loans
8 April 2015 - by Jubilee Debt Campaign
Ahead of the payment of €462 million by Greece to the IMF on Thursday 9 April, figures released by the Jubilee Debt Campaign show that the IMF has made €2.5 billion of profit out of its loans to Greece since 2010. If Greece does repay the IMF in (...) -
IMF in Greece: a “slush fund” for “its political masters”
1 April 2015 - by Bretton Woods Project
In February, Greece agreed a four-month extension to its loan from the European Central Bank (ECB) and European Commission (EC), which along with the IMF comprise the Troika of lenders to eurozone states since 2010. The loan is subject to a (...) -
World Debt Figures 2015 : Introduction
From the South to the North of the planet: a short history of the debt crisis and structural adjustment programmes
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
Since the 1980s, public debt, both in the Third World countries and in the industrialised nations, has been systematically used to impose austerity policies in the name of structural adjustment. -
World Debt Figures 2015 : Chapter 1
Inequality in the world
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
Inequality is rife in the world, and constantly increasing. The distribution of wealth and income is a major scandal worldwide. In 2013, 0.7% of the world population (32 million individuals) possessed 41% of the world’s (...) -
World Debt Figures 2015 : Chapter 2
Overview of debt in the South: breakdown of external debt in developing countries (DCs)
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
This part provides a general overview of debt trends in Southern countries, highlighting the significant amount of money used to pay off debt, which is in many cases odious, illegal, or illegitimate. -
World Debt Figures 2015 : Chapter 3
Debt in the South
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
In spite of the optimistic declarations by the World Bank and the IMF, debt is still a serious hindrance to human rights and the satisfaction of the basic needs of the populations of the DCs. -
World Debt Figures 2015 : Chapter 4
The World Bank and the IMF
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
Multilateral financial organisations are at the core of the ‘debt system’. Since they were established in 1944 (in the framework of the Bretton Woods Agreement), the World Bank and the IMF have used debt as a mechanism to promote the (...) -
World Debt Figures 2015 : Chapter 5
Debt in the North
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
Until 2008, countries in the North seemed untouched by debt problems. The crisis has completely changed this situation. Now, in particular Ireland, Greece, Portugal, and Eastern and Central European countries are feeling the devastating effects (...) -
World Debt Figures 2015 : Chapter 6
Overview of debt in the North and in the South
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
Between 2007 and 2012 public debt in the countries concerned by this study increased by 67%, mainly in developed countries. As seen above, this sudden increase is related to the economic recession and the cost of bailing out (...) -
World Debt Figures 2015 : Chapter 7
Conclusion: the impact of the ‘debt system’
23 February 2015 - by Eric Toussaint, Daniel Munevar, Pierre Gottiniaux, Antonio Sanabria
Introduction : From the South to the North of the planet: a short history of the debt crisis and structural adjustment programmes Chapter 1 : Inequality in the world Chapter 2 : Overview of debt in the South: breakdown of external debt in (...) -
The IMF and debt worsen the Ebola epidemic
8 February 2015 - by Jérôme Duval
Although the International Monetary Fund claims it is part of the solution, the IMF is really part of the problem of underdevelopment and has been for decades. The latest proof of this is that the conditions imposed on countries in need have had (...) -
The IMF’s role in the Ebola outbreak
5 February 2015 - by Julia Robinson, James Pfeiffer
Decades of IMF lending to Ebola-affected countries in West Africa led countries to prioritise debt payments over investment in public services Health services have been starved of investment, including vital public health infrastructure Pressure (...) -
Press release
Jubilee Debt Campaign welcomes US call for Ebola debt relief
13 November 2014 - by Jubilee Debt Campaign
Jubilee Debt Campaign has welcomed a call by US officials for emergency debt relief from the IMF for Liberia, Sierra Leone and Guinea to help tackle the Ebola outbreak, but warned that further cancellation is needed to ensure the fight against (...) -
Why the Troika’s austerity programmes for Europe are illegal
6 October 2014 - by Renaud Vivien
Set up in 2010, the Troika consists of the European Commission, the Central European Bank (ECB) and the International Monetary Fund (IMF). In the same way as the World Bank has worked with the IMF to impose structural programmes on countries of (...) -
IMF and World Bank at 70: many happy returns?
3 October 2014 - by Bretton Woods Project
In July, the IMF and World Bank turned 70. Unlike previous anniversaries of their establishment at the Bretton Woods conference in 1944, this milestone passed with relatively little attention or criticism. This reduced interest is presumed by (...) -
Solidarity with the people of Bosnia, Serbia and Croatia: the CADTM demands a moratorium on the debt of these countries and an end to austerity measures
2 June 2014 - by CADTM International
Since May 17, floods in the Balkans have taken a heavy toll with 17 deaths in Serbia, 27 in Bosnia and 2 in Croatia. Add to this disaster tens of thousands of displaced people and of homes without electricity, and enormous material damage. (...) -
The descent into savagery
7 May 2014 - by Aminata Dramane Traoré
Preface of the book “The Life and Crimes of an Exemplary Man” The descent into savagery continues throughout the world with its attendant human suffering, blood, and tears. Impoverished and starving people who storm the streets do sometimes (...) -
A summary of the report “conditionally yours: An analysis of the policy conditions attached to IMF loans”
23 April 2014 - by Giulia Simula
The European Network on Debt and Development (EURODAD) has published a report on the conditions attached to International Monetary Fund (IMF) loans. All IMF lending programmes come with conditionality attached that requires national governments (...) -
IMF: a large scale production of cheap apologies
15 April 2014 - by Leonidas Vatikiotis
Reports released by the IMF Independent Evaluation Office on 18 March assessed projections for 103 countries over the period 1990-2011 and found, as its detractors had been telling them for decades, that the overall estimates were too (...) -
Eurodad report shows how IMF lending often makes crisis countries’ situations worse
11 April 2014 - by Eurodad
As the International Monetary Fund (IMF) prepares for its Spring meetings, new research reveals that the number of conditions it attaches to its loans are rising – and they continue to be linked to harsh austerity measures and interfere in (...) -
Response to the report of investigations on the Troika submitted to the European Parliament
14 March 2014 - by Troïka Watch
Limited investigations lead to very limited conclusions…. Today the European Parliament votes on the “Report on the enquiry on the role and operations of the Troika (ECB, Commission and IMF)”. In Europe in the last three years financial (...) -
The new privatization plan for Cyprus: another blackmail from the Troika
9 March 2014 - by Leonidas Vatikiotis
In the middle of lethal fire is once again the Cyprus. On the one hand are the efforts of President P. Anastasiadis to close the Cyprus problem, requiring a solution which looks like to dichotomous Annan plan, which had rejected a decade ago (...) -
Cyprus: The people say “No” to the Troika memorandum!
7 March 2014 - by CADTM Europe
The CADTM affirms its full and complete solidarity with the people of Cyprus and their organisations struggling against privatizations in the energy, telecoms, and shipping sectors – privatizations required by the Memorandum imposed by the Troika (...) -
The Life and Times of Jacques de Groote
17 December 2013 - by Eric Toussaint
Jacques de Groote, the former Executive Director to the IMF (1973-1994) and World Bank (1975-1991) for Belgium, was condemned in October 2013 by Swiss courts in an affair concerning the fraudulent privatisation of the principal coal mine in the (...)
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