IMF
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Running to the now ‘reformed’ IMF would be a mistake
3 June 2020 - by Dominic Brown
Covid-19 creates an opportunity for the government to act boldly, which includes greater investment in social services and a much larger public sector Historically regarded as a villain that has obstructed the prosperity of “developing (...) -
A Feminist Strike against Debt
18 May 2020 - by Verónica Gago, Luci Cavallero
Recently, the transnational feminist movement has taken up the struggle against debt as a banner of struggle as part of the dynamics of the feminist strike. Around the world we have said, “We want ourselves alive and debt free!” (Argentina), “It (...) -
UNCTAD calls for aid plan and hard tackles creditors
15 May 2020 - by Milan Rivié
The coronavirus pandemic has triggered a real economic crisis whose effects will be as severe as they are long-lasting, even more so in the countries of the South. In recent days, the international financial institutions’ announcements to cancel (...) -
Along with Bernie Sanders and Alexandria Ocasio-Cortez, 300 parliamentarians from around the world are writing to the IMF and World Bank to cancel the debt
15 May 2020 - by Collectif
Editor’s note : We are publishing a letter sent to the IMF and the World Bank by 300 worldwide parliamentarians. In this letter the 300 parliamentarians call for the “complete debt remission of the International Development Association’s (IDA) (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 13)
The World Bank and the IMF in Indonesia: an emblematic interference
13 May 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Now more than ever, supporting abolition of the debt is a priority!
5 May 2020 - by Brigitte Marti
The covid 19 pandemic has demonstrated that the neoliberal system that leads the world is detrimental to health care systems, public services, and bad for people, especially for the poor and third world populations. We should remind the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 11)
The World Bank and the Philippines
17 April 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
World Bank and IMF response to debt crisis undermines women’s rights
10 April 2020 - by Iolanda Fresnillo, Verónica Serafini
Summary Debt crisis continues to unfold in the Global South IMF and World Bank responses cling to austerity and privatisation New gender-sensitive debt resolution framework needed A new debt crisis is unfolding, once again, in the Global (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 10)
World Bank and IMF support to dictatorships
9 April 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Call of the indigenous peoples, afro-descendants and peoples’ organizations of Latin America
3 April 2020 - by CADTM, Collectif
We publish in English a Latin American and Caribbean appeal launched on 1 April 2020 by a large number of popular movements and political organizations. It calls for a radical response to the crisis linked to COVID-19. This call is supported by (...) -
Latin America and the outbreak of COVID-19: a chronicle of multiple crises
31 March 2020 - by María Romero
By María José Romero (Eurodad), Jasmine Gideon (Birkbeck, University of London), Patricia Miranda and Verónica Serafini (Latindadd) The outbreak of COVID-19 is a global health emergency that is likely to trigger a global economic crisis, (...) -
No to IMF loans! Cancel Kenyan debt!
30 March 2020 - by David Calleb Otieno
On 4 March 2020, the International Monetary Fund (IMF) during a joint press conference with the World Bank Group announced that it was ready to lend $1 trillion to its members around the world that are struggling with the humanitarian and (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 7)
Why the Marshall Plan ?
19 March 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Mozambique : Credit Suisse is liable for the $2 bn secret debt
17 March 2020 - by Joseph Hanlon
Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 6)
SUNFED versus World Bank
12 March 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Lebanon is a severe case of subordinate financialization that must avoid the IMF
9 March 2020 - by Costas Lapavitsas, Jude Kadri
Costas Lapavitsas is an economist from Greece. He presently teaches Economics at the University of London and was elected as a member of the Greek Parliament for SYRIZA in January 2015. He left to form Popular Unity in August 2015, when SYRIZA (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 5)
Early conflicts between the UN and the World Bank/IMF tandem
4 March 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Debt in Times of Economic Crisis
2 March 2020 - by Ahilan Kadirgamar
Debt relief is now a call at all levels of state and society in Sri Lanka. The Prime Minister recently requested a three-year moratorium on debt repayments to India, the Government earlier announced a debt repayment moratorium of one year for (...) -
IMF: Inhuman at the micro and macro levels
27 February 2020 - by Eric Toussaint
Hiruni, a fisherman’s wife, who has to manage her household (of five people) with an income of about 2.5 euros (= 500 Sri Lankan rupees) per day, is heavily indebted. In order to increase her household income, she borrowed 50,000 rupees (250 (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 4)
The WB assists those in power in a witch-hunting context
26 February 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
Can the IMF Be Trusted on Argentina?
21 February 2020 - by Eric Toussaint
After the IMF mission to Argentina agreed with President Fernandez that the foreign debt is unsustainable, international debt campaigner Eric Toussaint tells teleSUR that the Fund is not to be (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 3)
Concerning the founding of the Bretton Woods’ Institutions
19 February 2020 - by Eric Toussaint
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 2)
The International Monetary Fund (IMF): an ABC
12 February 2020 - by CADTM
In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...) -
IMF and World Bank complicit in ‘austerity as new normal’, despite availability of alternatives
12 February 2020 - by Bretton Woods Project
Summary Austerity projected to affect 5.8 billion people by 2021 UN offers handbook on alternative financing options IMF and World Bank continue to cling to unnecessary and harmful fiscal orthodoxy In October, a report by Matthew Cummins (...) -
After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador
20 December 2019 - by Lara Merling
The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity. Over the past year, a rebranded IMF returned to Latin America with promises of loan agreements that would be different than the dreaded (...)
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