IMF
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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 (...) -
World Bank’s rating obsession will negate debt justice
31 August 2020 - by Patrick Bond, Dominic Brown
The international financial system’s reliance upon credit ratings – usually based on dubious premises – needs urgent rethinking. The Covid-19 pandemic is just one of the catastrophes leaving many low-income countries – and soon middle-income (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 21)
James Wolfensohn switches on the charm (1995-2005)
26 August 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 19)
The World Bank and the IMF: the creditors’ bailiffs
14 August 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 (...) -
IMF: if you didn’t like the starter, wait for the main dish
5 July 2020 - by Amandla
The Treasury has made clear that it is seeking a smallanyana three to five year loan from the International Monetary Fund (IMF) of $4.2 billion, at a smallanyana interest rate of 1 or 1.1%. It will also be looking for a loan of $55-60 million (...) -
South African should be wary about long term repercussions of new IMF loans
5 June 2020 - by Patrick Bond
Amidst this raging debate about the role of IMF loans to pull out countries from the economic mess triggered by the outbreak of the pandemic, Patrick Bond, professor at the University of the Western Cape School of Government in an interview to (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 14)
Theoretical lies of the World Bank
4 June 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 (...) -
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 Collective
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) (...)
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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
