IMF
Argentina’s debt restructuring deal explained
The Argentine government has struck a substantial debt deal with some major creditors, saving it billions. What exactly is the deal about and could it save the ailing economy? Argentina owes a fortune — $323 billion (€274 billion) as of the end of 2019 — which it cannot pay back. »
Time for the World Bank and IMF to Be the Solution, Not the Problem
By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor countries’ ability to invest broadly in the government services their… »
Global Economy Still Slowing, Dangerously Vulnerable
By Anis Chowdhury and Jomo Kwame Sundaram In an annual ritual early in the year, most major economic organizations have released forecasts for the global economy in 2020. Incredibly, almost as a reminder of where financial power resides in this day and age, the International Monetary… »
An Economics Nobel Prize view of neoliberalism and Argentina’s future
Joseph Stiglitz is an American economist who received the Nobel Prize in Economics in 2001. He is a former senior vice president and chief economist of the World Bank. In recent years he has been a harsh critic of globalised neoliberalism, which he calls “free market fundamentalism”, and of international… »
After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador
The IMF is backing a tax reform bill in Ecuador that will enable capital flight and further austerity. Lara Merling for openDemocracy Over the past year, a rebranded IMF returned to Latin America with promises of loan agreements that would be different than the dreaded “structural adjustment programmes”… »
Ecuador –The fight Against Moreno and the IMF is far from Over
By Peter Koenig In Ecuador, the fight against IMF austerity measures is far from over. Just a few hours after my article was published on Sunday, 13 October,Ecuador – and the IMF’s Killing Spree – https://www.globalresearch.ca/ecuador-imf-killing-spree/5691857, President Lenin Moreno declared the infamous Decree 883 was canceled, i.e. the astronomical price increases… »
Ecuador: From the middle of the world to the end of the world
By Boaventura de Sousa Santos As its very name suggests, Ecuador is geographically located in the middle of the world. And now, from all appearances, neoliberalism has decided to carry out its end-of-the-world maneuvers in this country. That is perhaps the reason it is coming to the realization that the… »
People’s protest in Ecuador compels Moreno government to drop IMF’s prescription of neo-liberal measure
By Countercurrents Collective United Nations-backed dialogue between the right wing Lenin Moreno’s government and leaders of protesting people including indigenous people’s organizations reached a deal Sunday to revoke pro-International Monetary Fund (IMF) Decree 883, end strikes across the country, and to set up a commission that will write the new… »
Goodbye Columbus, Hello Indigenous Peoples Day
Indigenous Peoples Day is increasingly being celebrated across the U.S. in place of Christopher Columbus Day, as the myth of Columbus as beneficent discoverer is debunked and as the critical role of indigenous people in protecting the planet becomes more recognized. Indigenous defenders of Mother Earth are often at the… »
Why we must reform the IMF – before it’s too late
The fund’s legacy of austerity must be replaced by a new social contract based on shared prosperity and a just transition to a zero-carbon future. Leo Baunach Lara Merling for openDemocracy 3 October 2019 This article is part of ourEconomy’s ‘Preparing for the next crisis’ series. »
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