IMF
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The IMF’s announcement of $650 billion in Special Drawing Rights: advertising effect
8 September 2021 - by CADTM, Eric Toussaint, Milan Rivié
Milan Rivié and Éric Toussaint interviewed by the CADTM CADTM: In late August 2021 the IMF announced that it would supply the global economy with US$650 billion to meet urgent needs. This would be achieved through an increase in Special Drawing (...) -
Credit ratings are punishing poorer countries for investing more in health care during the pandemic
31 August 2021 - by Ramya Vijaya
Economic recovery from the COVID-19 pandemic depends on sustained investment, low-income nations face a major obstacle: their credit ratings. A credit rating, like a credit score, is an assessment of the ability of a borrower – whether it’s a (...) -
Some notes on the world economy now
25 June 2021 - by Michael Roberts
To help think about what will happen economically in the second half of 2021 and into 2022, the CADTM reproduces this article written and published by economist Michael Roberts just over a year ago in May 2020. A sugar rush or economic (...) -
Global Austerity Alert: Looming Budget Cuts in 2021-25 and Alternatives
5 May 2021 - by Isabel Ortiz, Matthew Cummins
Rather than exploring financing options to provide direly-needed support for socio-economic recovery, many governments—advised by the IMF, the G20 and others—are opting for austerity. Last week Ministers of Finance met virtually at the Spring (...) -
Why are Kenyans trolling the IMF?
21 April 2021 - by Ciku Kimeria
Kenya’s economy is struggling, but many believe another loan will only benefit corrupt officials and leave ordinary citizens to pay off the debt. For lack of a better word, Kenyans are currently trolling the International Monetary Fund (IMF). (...) -
The IMF Is Using the Debt Crisis to Hollow Out Pakistan’s Sovereignty
20 April 2021 - by Ammar Ali Jan
Imran Khan’s government came to power in 2018 promising to reorient Pakistan’s economy toward the needs of the population. But faced with a debt crisis it soon dropped its reformist agenda — and now, the International Monetary Fund is pressuring it (...) -
IMF and debt: a new consensus?
16 April 2021 - by Michael Roberts
There is much talk among ‘progressive’ economists that the IMF and the World Bank have turned over a new leaf. Gone are the days of supporting fiscal austerity, demanding that national governments get public debt levels down and insisting on (...) -
Series title: Ecuador: Progress and limits of resistance to the policies of the World Bank, the IMF and other creditors
Ecuador: Resistance against the policies imposed by the World Bank, the IMF and other creditors between 2007 and 2011
15 April 2021 - by Eric Toussaint
Ecuador provides an example of a government which officially decided to investigate the process of indebtedness so as to identify illegitimate debt and suspend its repayment. The fact that the government suspended payment of a large part of its (...) -
[Press release] World Bank / IMF / G20 Spring Meetings Paltry measures doomed to failure
11 April 2021 - by CADTM International
At the spring meetings of the Bretton Woods institutions from 5 to 11 April 2021, the World Bank, IMF and G20 made new announcements in an attempt to respond to the debt crisis in the countries of the South, exacerbated by the economic and (...) -
Série : Ecuador: Progress and limits of resistance to the policies of the World Bank, the IMF and other creditors
Ecuador’s poisoned loans from the World Bank and the IMF
31 March 2021 - by Eric Toussaint
Ecuador provides an example of a government which officially decided to investigate the process of indebtedness so as to identify illegitimate debt and suspend its repayment. The fact that the government suspended payment of a large part of its (...) -
Neoliberal Authoritarianism in Egypt
11 February 2021 - by Yanis Iqbal
The whiplash of authoritarianism is being ruthlessly used in Egypt. On January 6, 2021, Ahmed Khalifa, social news editor of Egypt 360 after publishing a series of reports on workers’ legitimate protests. He was falsely charged with joining a (...) -
IMF’s continued VAT push inconsistent with rhetoric on progressive taxes
6 January 2021 - by Bretton Woods Project
Summary IMF backs regressive VAT despite progressive tax rhetoric in pandemic response Broader tax trends steadily shift burdens to women and those least able to pay In September, the IMF hosted the first of a series of webinars (...) -
Climate and environmental crisis: Sorcerer’s apprentices at the World Bank and the IMF
23 December 2020 - by Eric Toussaint
In December 2020, on the occasion of the fifth anniversary of the signature of the Paris Agreement on Climate, the UN General Secretary sounded the alarm because the situation has fundamentally worsened. In this article we analyze what the World (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 25)
The IMF and the World Bank in the time of Coronavirus: the failed campaign for a new image
9 November 2020 - by Eric Toussaint, Emilie Paumard, Milan Rivié
Considering the economic and social tragedy resulting from the structural adjustment policies (SAP) imposed on people in the South from the 1990s onward, several voices have exposed the promoters of such policies, namely the IMF and the World (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 27)
The World Bank, the IMF and the respect of human rights
25 October 2020 - by Eric Toussaint
“When I came to the Bank, we were not allowed to mention the word ‘corruption’. It was called the “c” word. Well, maybe we need to mention the “r” word which is ‘rights’” James Wolfensohn, 1 March 2004 The question of “human rights” has never been a (...) -
Debt disaster with no escape
19 October 2020 - by Michael Roberts
The IMF-World Bank semi-annual meeting took place from 12th to 18th October 2020. Earlier the IMF kicked off the show with a warning that the poor countries of the world are heading for a catastrophe from the pandemic slump, leading to defaults (...) -
The CADTM denounces the G20’s measures on debt
17 October 2020 - by CADTM International
At the time of the WB-IMF annual assemblies held from 12 to 18 October 2020, the G20 Finance Ministers met on Wednesday 14 October to decide on new debt relief measures for the countries of the South. The G20 proved unable to meet the emergency (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 26)
World Bank and IMF: 76 Years is Enough! Abolition!
15 October 2020 - by Eric Toussaint
At a time when the IMF and the World Bank are meeting together from 12 to 18 October 2020, mainly virtually, Eric Toussaint, international spokesperson for the CADTM, makes an assessment of the World Bank and its alter ego the IMF and proposes (...) -
Arrested Development: International Monetary Fund lending and austerity post Covid-19
13 October 2020 - by Daniel Munevar
A Eurodad-led review reveals insufficient and inadequate multilateral response to the Covid-19 pandemic on the part of the IMF, locking a large number of countries into a decade-long crisis of debt and austerity. A review of International (...) -
IMF’s new policy at odds with green Covid-19 recovery
13 October 2020 - by Bizcommunity
A new review of the International Monetary Fund’s (IMF) most recent economic policy advice for five countries with ongoing coal sector expansions show it is green-lighting fossil fuel expansion, despite the fund’s stated support for a green (...) -
How the IMF and World Bank Turned a Pandemic into a Public Relations Stunt
13 October 2020 - by Walden Bello
The IMF and the Bank would like the global South to believe that they are indispensable. They are not. The International Monetary Fund and the World Bank hold their annual fall meetings this week in the midst of a pandemic that has blazed a (...) -
The Bretton Woods Twins in the Era of COVID-19: Time for an Exit Strategy for the Global South?
13 October 2020 - by Focus on the Global South
As they mark their 76th year, the International Monetary Fund and the World Bank have been presented with a grand opportunity, not to save the world, but to salvage their tattered reputation. The Fund enters the annual IMF-World Bank meetings (...) -
6 months after the official announcements of debt cancellation for the countries of the South: Where do we stand?
18 September 2020 - by Milan Rivié
As they were faced with requests for debt cancellation from several heads of state from countries of the South and social movements at the end of March and in early April, international financial institutions and other creditor groups suggested (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 23)
The World Bank’s accounts
7 September 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 (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 22)
The Meltzer Commission on the IFI at the US Congress in 2000
1 September 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMFare 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 (...)
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
35 rue Fabry
4000 - Liège- Belgique
00324 226 62 85
info@cadtm.org
