IMF

09.05.2020

Time for the World Bank and IMF to Be the Solution, Not the Problem

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… »

18.02.2020

Global Economy Still Slowing, Dangerously Vulnerable

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… »

26.12.2019

An Economics Nobel Prize view of neoliberalism and Argentina’s future

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… »

19.12.2019

After the Argentina debacle, the IMF endorses weakening capital controls in Ecuador

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”… »

19.10.2019

Ecuador –The fight Against Moreno and the IMF is far from Over

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… »

18.10.2019

Ecuador: From the middle of the world to the end of the world

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… »

15.10.2019

People’s protest in Ecuador compels Moreno government to drop IMF’s prescription of neo-liberal measure

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… »

12.10.2019

Goodbye Columbus, Hello Indigenous Peoples Day

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… »

05.10.2019

Why we must reform the IMF – before it’s too late

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. »

03.09.2019

Never ending crisis in Argentina, part 2: the disaster with the IMF

Never ending crisis in Argentina, part 2: the disaster with the IMF

The great blow to officialism during the primary elections (referred to as the PASO) in Argentina has only deepened the current crisis. Roberto Lampa for openDemocracy To understand how we’ve arrived at the umpteenth financial upheaval that began around a year ago in Rio de la… »

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