Comité pour l'abolition des dettes illégitimes

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IMF

Conference at the Socialism 2009 organized by the Center for Economic and Social Change, Chicago, July 20^th 2009.

The impact of the world crisis in Latin America

4 August 2009 - by Claudio Katz

Thank you for this invitation and congratulations for this conference In my opinion, the effect of the world crisis in Latin America pose different types of discussion. The immediate economic effect, the political effect and the social measures (...)
When cashed-up IMF offers to help, steer well clear

6 May 2009 - by Ross Buckley

A year ago the International Monetary Fund was on the nose, its credibility in tatters. Today it is the darling of the rich countries. They have agreed in principle to increase its funding massively, nominally by a trillion dollars. On Anzac (...)
The doublespeak of a discredited IMF

12 March 2009 - by Eric Toussaint, Damien Millet

The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set (...)
Interview of Eric Toussaint by Radio France Internationale (RFI), Monday 27 October 2008 on 13H00 radio news.

« The IMF will take advantage of the present crisis to grant more and bigger loans. »

RFI: The IMF has decided to rescue many European countries such as Iceland, Ukraine, and today, Hungary, by granting them important loans. Why these particular countries according to you? Eric Toussaint: First of all it has to be clear that (...)
Developing countries: dangerous times for the internal public debt

11 October 2008 - by Eric Toussaint

Since the second half of the 1990s, the internal public debt of the world’s developing countries has increased significantly. This increase is now reaching alarming proportions in a number of middle-income countries. While some very poor (...)
International Campaign on Illegitimate Debt

Resolution of solidarity and support for the people of Haiti

Between August 15 and September 7, 2008, the Caribbean was severely hit by four successive hurricanes (Fay, Gustav, Hanna, and Ike) that devastated several regions with disastrous consequences in particular for the peoples of Cuba, the Dominican (...)
Global Famine

1 June 2008 - by Michel Chossudovsky

Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local (...)
IMF: The Times They Are A-Changin’

25 April 2008 - by Robert Weissman

Have things changed at the International Monetary Fund? Or is the world just witnessing yet another in a long series of global economic double standards? IMF Managing Director Dominique Strauss-Kahn says that the “need for public intervention” (...)
As IMF faces Structural Adjustment, Global South Activists Demand Accountability

24 April 2008 - by 50 Years Is Enough Network

Following the International Monetary Fund’s announcement of proposed staff cuts and sales of gold about $11 billion, civil society groups reacted with demands for further accountability. “At long last, the IMF is experiencing first hand serious (...)
Food Price Crisis Draws Attention at IMF/World Bank Meetings

15 April 2008 - by Soren Ambrose

It was easy to predict that the global credit crisis would be a major concern at the IMF/World Bank spring meetings. But while that was true, it was clearly the case that the heads of the two institutions were intent on focusing attention on (...)
Green shoots amidst debt chaos

4 December 2007 - by Eric Toussaint

December 2007 As regards North/South relations, we are at present in a situation which is exactly the opposite of the financial crises of the past 25 years. The credit bubble has begun to deflate and is moving towards the developing countries (...)
An international economic situation dominated by the bursting of the North’s private debt and housing bubbles

22 November 2007 - by Eric Toussaint

The crisis that swept through the US in August 2007 is not over yet and the international repercussions will be deep and lasting. When the housing bubble burst in August 2007, it shook financial markets worldwide. This housing crisis is closely (...)
Press release

As Dominique Strauss-Kahn takes up his post in Washington, CADTM demands full acknowledgement of the consequences of IMF operations since its creation

Today, November 1 2007, Dominique Strauss-Kahn takes up his post as managing director of the the IMF after a long, skilfully orchestrated process: nomination by Nicolas Sarkozy in order to further weaken political opposition in France; swift (...)
The International Situation and the Debt : The new challenges facing CADTM

27 August 2007 - by Eric Toussaint

Increase in foreign exchange reserves Since 2004, the economic situation has been characterised by the high price of raw materials and a number of agricultural products. This has allowed a large number of developing countries to increase their (...)
Press release

The CADTM demands radically different choices for the IMF and disavows the appointment of any managing director who would proceed with current policies

With each new resignation at the helm of the IMF or of the WB (and these are increasingly frequent: Köhler in 2004, Wolfowitz in 2007, De Rato in 2007), the issue of the famous tacit agreement that the WB’s Chair should go to the US and the IMF’s (...)
IMF: a slight feeling of déjà vu

9 July 2007 - by Eric Toussaint, Damien Millet

Whereas Wolfowitz, the former Number 2 in the Pentagon, clung on pathetically to his post as president of the World Bank after being caught practising nepotism, the managing director of the International Monetary Fund (IMF), Rodrigo de Rato, has (...)
Transformation by Embrace

6 July 2007 - by german-foreign-policy.com

CARACAS/QUITO (Own report) - Through a revision from a confrontational strategy to one of “embrace,” the Konrad Adenauer Foundation (KAS) is seeking a regime change in Venezuela. This was learned from reports on a conference that the CDU Party (...)
Interview of Eric Toussaint

About the policy of IMF and World Bank and the German government’s policy toward the Bretton Woods institutions

28 June 2007 - by german-foreign-policy.com

LIEGE german-foreign-policy.com spoke with Eric Toussaint. Eric Toussaint is president of the Committee for the Cancellation of the Third World Debt (CADTM) in Liège (Belgium). He wrote “The World Bank. A never ending coup d’etat” (London 2007). (...)
Interview of Éric Toussaint

World Bank: Hands up, this is a hold-up !

19 June 2007 - by Eric Toussaint, Miguel Riera

Having been accused of nepotism, Paul Wolfowitz had to resign as president of the World Bank. He is being replaced by Robert Zoelick who has imposed bilateral free-trade agreements on several countries of the South. The World Bank thus proves (...)
Venezuela to quit IMF, World Bank

4 May 2007 - by Saul Hudson

CARACAS (Reuters) - Venezuela will withdraw from the Washington-based lending organizations, the IMF and World Bank, in a symbolic move that distances leftist President Hugo Chavez from much of the international economic community. Chavez, who (...)
Anti Debt Coalition Indonesia rally against IMF in jakarta

NGOs stage rally against IMF Jakarta (ANTARA News) Tens of non-governmental organization (NGO) members grouped in the Anti-Neocolonialism and new imperialism movement staged a rally in front of the Merdeka Palace here on Wednesday. The rally (...)
Climate: Sorcerer’s apprentices at the World Bank and the IMF

19 January 2007 - by Eric Toussaint

At the end of October 2006 Nicholas Stern, Adviser to the Government on the economics of climate change and development, handed Prime Minister Tony Blair a 500 page report on the consequences of the current climate change and measures to (...)
Civil society and Wolfowitz’s World Bank : Reform or rejection revisited

8 January 2007 - by Patrick Bond

ABSTRACT The debate over how - or even whether - the Bretton Woods Institutions (BWIs) can be reformed has taken on greater importance in recent years, thanks to an apparent fusion of neoconservative geopolitics and neoliberal economics in the (...)
La «condicionalidad» del FMI, ¿violenta su propio convenio constitutivo, su carácter de «organismo especializado» de la onu, el propio derecho internacional, y la declaracion universal de los derechos humanos ?

25 de octubre de 2006 - por Adolfo Acevedo Vogl

El FMI y la ruptura con los fines establecidos en su propio Convenio Constitutivo: 1. El FMI y el Banco Internacional de Reconstrucción y Fomento (Banco Mundial) son, técnicamente, organizaciones internacionales de carácter intergubernamental, (...)
Bank and Fund Won’t Change Their Spots

26 September 2006 - by Anil Netto

PENANG, Malaysia, Sep 25 (IPS) - Can the World Bank (WB) and the International Monetary Fund (IMF) be reformed or should they both be boycotted and dismantled? This is the growing debate that has been fuelled in the aftermath of the (...)