Category: IMF/WTO

Rod Driver: Debt as a Weapon to Exploit Other Countries

“The total amount of third world debt has already been repaid six times over in interest”

Alan MacLeod: IMF Seizes on Pandemic to Pave Way for Privatization in 81 Countries

76 of the 91 loans the IMF has negotiated since the beginning of the coronavirus pandemic come attached with demands for deep cuts to public services and policies that benefit corporations over people

Patrick Bond: Has the IMF Reformed?

Or is its mandate still regime maintenance for financial imperialism?

Patrick Bond: Ricardo Hausmann’s Tall Tales about South Africa

Misunderstanding Foreign Economic Relations and Worker Productivity

Pete Dolack: New Development Banks Unlikely to Threaten World Bank

A change in the global hegemon from the U.S. to another country or bloc, leaving the capitalist system intact, provides no salvation

Pepe Escobar: The IMF goes to war in Ukraine

The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday. It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of millions Read more…

Andrew Gavin Marshall: Assassins of Argentina

The role played by former Federal Reserve Chair Alan Greenspan in creating the conditions that led to the 2008 global financial meltdown is known to many. What is less known is that Greenspan is a former member of the Group of Thirty.

Devinder Sharma: WTO and Food Stocks

Knowing that India's defiance of the WTO rules on food stocking can derail the outcome of the forthcoming WTO Ministerial to be held at Bali in the first week of December, the visiting WTO Chief  Roberto Azevedo asked India to consider 'Peace Clause' as an option to protect subsidies under the proposed National Food Security Read more…

Devinder Sharma: WTO May Torpedo India’s Massive Cheap Food Program

By bringing in an Ordinance on the food security bill, the UPA-II has certainly bypassed the need for a cumbersome and noisy parliamentary debate. But there still hangs a bigger hurdle that needs to be crossed to make the dream programme a reality. With the United States hardening its position on the G-33 proposal to Read more…

Jérôme Roos: The IMF’s “Mistakes” On Greece Are Nothing New

Three years since its first bailout, the IMF has finally gathered the courage to admit that it made major mistakes in its handling of the Greek debt crisis. In an official report released last week, the Fund states that, while its basic policy prescriptions were correct, it underestimated the negative effect of austerity on growth Read more…

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