Comité pour l'abolition des dettes illégitimes

Soutenez-nous

IMF

The 1994 Rwandan Genocide - The Use of Rwanda’s External Debt (1990-1994)

7 April 2016 - by Michel Chossudovsky, Pierre Galand

Twenty-two years after the 1994 Genocide, the role of financial institutions has to be fully understood. Development aid and foreign loans were channelled towards financing the military and paramilitary. The donors turned a blind eye. This (...)
Bulgaria in the trap of neoliberalism

29 March 2016 - by Daniela Penkova

In 1989 the Berlin Wall fell and the so-called “transition period” for Central and Eastern Europe began. The goal pursued was a radical change of society at economic, political and social level. In relation to this, Bulgaria endorsed a variety of (...)
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”

Video: Cephas Lumina: “The Paris Club has no legitimacy”

17 March 2016 - by Cephas Lumina

Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...)
For Indigenous Peoples, Megadams Are ‘Worse than Colonization’

16 March 2016 - by Philippa de Boissière , Sian Cowman

These mega-projects expropriate land, spoil environments, and pollute democracies. Berta Cáceres gave her life resisting them. Early in the morning of March 3, Berta Cáceres was assassinated. They can displace communities, destroy the local (...)
World Debt Figures 2015

23 February 2016 - by CADTM

The ‘debt system’ involves using public resources to pay creditors instead of meeting the basic rights and needs of people. The relationship between creditors and debtors is strongly biased in favour of the (...)
Debt bubbles “popping” in emerging economies

19 February 2016 - by Bretton Woods Project

Global economic instability has highlighted the vulnerability of developing countries to renewed economic turbulence and even the potential for new debt crises in developing countries, in particular Sub-Saharan Africa. During the summer of 2015 (...)
IMF to add China’s currency to SDR basket

19 February 2016 - by Bretton Woods Project

In late November, the IMF confirmed that China’s currency, the remnimbi or yuan, will be included in the IMF’s calculation (the ‘basket’) of the value of its international reserve asset, the Special Drawing Right (SDR), from October 2016. Created in (...)
Poul Thomsen, Greece and the cynicism of the IMF

15 February 2016 - by Daniel Munevar

For the casual reader, Poul Thomsen’s recent piece [1] on the role of the IMF in the bailout review negotiations currently taking place between Greece and the Troika would seem balanced and reasonable. At the end of the day, as he has argued (...)
IMF rule-change sustains lending to Ukraine

11 February 2016 - by Bretton Woods Project

IMF changes rule on lending to states in arrears to official creditors - Russia to file court proceedings over $3 billion Ukraine debt - Ukraine parliament approves 2016 national budget and tax reforms In late 2015, the IMF’s $17.5 billion loan (...)
IMF contemplates returning to Greece… again

11 February 2016 - by Bretton Woods Project

In January, the IMF confirmed it has been in negotiations for a third loan since 2010 to the Greek government; the details of the Fund’s mission are yet to be confirmed. A third loan programme from the European Central Bank and European (...)
Debt policy update, from Jubilee Debt Campaign

10 February 2016 - by Jubilee Debt Campaign

Highlights 1) Debt risks increase as commodity prices stay low According to the IMF and World Bank, 10 low income countries have seen an increased risk of not being able to pay their debts over the last year as global commodity prices have (...)
BRICS face brewing external capitalist crisis and growing internal strife

5 February 2016 - by Patrick Bond

Behind the current capitalist crisis lies the tendency to over-accumulate and generate gluts. Whereas the BRICS bloc’s elites pretend to be offering an alternative, they in fact are trying very hard to make the world system work for their own (...)
Reform of the IMF lending framework: The IMF bails out from bailouts

3 February 2016 - by Bodo Ellmers

The International Monetary Fund (IMF) has approved a new reform of its exceptional access framework. The key step made on 29 January 2016 is to remove the systemic exemption clause. This is the clause that has made IMF participation in the mega (...)
IMF’s Prescription for Europe: Exploit Refugees with Low Wages

25 January 2016 - by Nadia Prupis

The International Monetary Fund (IMF) on Wednesday released a report urging the European countries accepting a majority of refugees to “temporarily” pay them less than minimum wage. In its report, the IMF recommended implementing a short-term (...)
The “Dirty Work” of the International Monetary Fund, Lays the Groundwork for Worldwide Financial Conquest

31 December 2015 - by James Petras

The IMF is the leading international monetary agency...
IMF Interference Plunges Ukraine into Recession

12 December 2015 - by Jérôme Duval

It hardly matters if the IMF’s policies, disseminated all over the planet, result in social chaos as they have in Greece and elsewhere since their only objective is actually to reinforce capital at the expense of common goods and public services. (...)
IMF in Ukraine: shock therapy in times of armed conflict

11 December 2015 - by Tiago Stichelmans

Last week, the IMF announced that the disbursement of the third tranche, or portion, of the IMF programme in Ukraine was dependent on the adoption by Ukrainian authorities of the 2016 budget and a tax reform agreed as part of the IMF bailout. (...)
The Re-emerging African Debt Crisis. Renewed IMF “Economic Medicine”

23 November 2015 - by Abayomi Azikiwe

During the 1970s-1990s much attention was focused on the rising debt crisis in post-colonial Africa. Continental states after gaining national independence realized that there could be no genuine development while financial obligations to (...)
Influence of IMF and other IFIs in Central and Eastern Europe

17 November 2015 - by Eurodad

The role of International Financial Institutions (IFIs) – particularly the International Monetary Fund (IMF) – in Central and Eastern Europe (CEE) has not been the central focus of many analyses in the past. To address this gap, four case studies (...)
The Forthcoming Adjustment Shock

4 November 2015 - by Isabel Ortiz, Matthew Cummins

Analysis of the latest IMF expenditure projections for 187 countries between 2005 and 2020 reveals that there have been two distinct phases of government spending patterns since the onset of the global economic (...)
The IMF and World Bank Annual Meetings 2015: The State of Play

5 October 2015 - by María José Romero, Bodo Ellmers

Next week’s annual gathering of the World Bank and IMF is going to be different for two reasons. Firstly, Finance Ministers from around the world will leave Washington DC and visit Lima, Peru – the first time the Meetings have been staged in a (...)
It was the creditors who pushed Greece over the edge

3 July 2015 - by Jerome Roos

If they had truly cared, the creditors could have easily prevented a default. Sadly, they found it more important to punish Greece and set an example. On Tuesday, Greece became the first developed country to default on the IMF — and the (...)
International Monetary Fund Refuses Nepal Debt Relief

26 June 2015 - by Jubilee USA

Washington DC - International Monetary Fund (IMF) spokesperson Gerry Rice announced Nepal will not receive debt relief from a special IMF trust fund that helps poor countries when they face natural disasters. The IMF’s Catastrophe Containment and (...)
Why it would be good for the IMF if Greece stopped repaying the IMF loans

27 May 2015 - by Bodo Ellmers

The creditor community has another shock and awe moment this week, as more and more influential actors argue that Greece should stop repaying the International Monetary Fund (IMF) loans and rather use scarce public resources to tackle its (...)
IMF has made €2.5 billion profit out of Greece loans

8 April 2015 - by Jubilee Debt Campaign

Ahead of the payment of €462 million by Greece to the IMF on Thursday 9 April, figures released by the Jubilee Debt Campaign show that the IMF has made €2.5 billion of profit out of its loans to Greece since 2010. If Greece does repay the IMF in (...)