IMF

Ecuadorian Opponents Reject Lenin Moreno’s Economic Reform

November 24, 2019 By Juan Manuel Boccacci, Pagina 12, translation Resumen Latinoamericano, North America bureau. Resist! Criminalization, Ecuador, IMF, Lenin Moreno

The Lenin Moreno Administration is moving in two fronts since the mass mobilizations that took place in Ecuador about a month ago. On the one hand, it is criminalizing social protests so opponents can be charged with “rebellion.” This is how they managed to imprison members of Rafael Correa’s political party, Citizen Revolution, as well as leaders of indigenous organizations. Three legislators of this movement requested asylum at Mexico’s Embassy to Ecuador in this connection. On the other hand, the Government is trying to impose economic measures demanded by the International Monetary Fund (IMF). Days ago, opponents rejected a mega economic reform bill adapted to the markets.

The IMF And Class Power In Argentina

November 10, 2019 By Jason Hirthler, American Herald Tribune Educate! Argentina, Class Struggle, IMF

In the past few weeks in Argentine politics: the administration of Mauricio Macri, the neoliberal handmaiden of global banking elites, was upended in national elections, as the Peronist Alberto Fernandez was swept into office by eight percentage points in what Bloomberg euphemistically called a choice of “left-wing populism” over “pro-market policies.” They’d have done more honestly with Harvey’s description or the “naked calculus of greed” phrase with which scarf-wrapped soothsayer Cornell West once described austerity measures in America.

Agony And Death Of Neoliberalism In Latin America

November 4, 2019 Atilio Boron, Pagina 12, Translated Resumen Educate! IMF, Latin America, Neoliberalism, World Bank

During the last few weeks, neoliberalism faced a series of defeats that sped up its agony and are leading to its death amidst large and violent upheavals. After nearly half a century of pillage, outrage and crimes of all kinds against society and the environment, we witness the downfall of the ruling model promoted enthusiastically by the governments of advanced capitalist countries; institutions like the International Monetary Fund (IMF) and the World Bank; and self-righteous intellectuals and establishment politicians.

Burn, Neoliberalism, Burn

October 29, 2019 Pepe Escobar, Strategic-culture.org Resist! IMF, Latin America, US Imperialism

Neoliberalism is – literally – burning. And from Ecuador to Chile, South America, once again, is showing the way. Against the vicious, one-size-fits-all IMF austerity prescription, which deploys weapons of mass economic destruction to smash national sovereignty and foster social inequality, South America finally seems poised to reclaim the power to forge its own history. Three presidential elections are in play. Bolivia’s seem to have been settled this past Sunday – even as the usual suspects are yelling “Fraud!” Argentina and Uruguay are on next Sunday.

Uruguay And The Threat Posed By Neoliberalism

October 18, 2019 Hedelberto Lopez Blanch, Rebelion, translation, Resumen Latinoamericano, North America bureau Educate! IMF, Latin America, Uruguay, US Imperialism

As several nations in South America are going through their worst economic-political-institutional crises, Uruguay —which has survived the neoliberal wave in the region— is going to face elections on October 27 that might change a system that has been benefiting most of its population. Unemployment, indebtedness, tax adjustments, inflation, decreased purchasing power, hunger, and poverty is the general scenario readably observable in countries which have opted for implementing neoliberal policies imposed by the United States and international financial organizations with the consent of the local domestic oligarchies.

Ecuadorians Protest Neo-liberal Austerity And Win

October 15, 2019 Margaret Flowers and Kevin Zeese, Clearing the FOG. Podcast Austerity, Ecuador, IMF, Indigenous Peoples, Lenin Moreno

President Lenin Moreno restored neo-liberalism to Ecuador, accepting a $4.2 billion dollar loan from the US-dominated International Monetary Fund that required measures call 'structural adjustments'. These included putting austerity in place in order to repay the loan. When Moreno announced Decree 883, or "The [Austerity] Package," on October 4, the country erupted in a general strike with mass protests in many cities. Moreno imposed a national emergency, fled to the coast and sent police and troops to repress the protests. At least ten people died and thousands were injured. We speak with Wellington Echegaray, an Ecuadorian living in the United States, about the protests and about the history of political instability and difficult living conditions that led to this uprising.

Ecuador – And The IMF’s Killing Spree

October 15, 2019 By Peter Koenig, Globalresearch.ca Educate! Ecuador, IMF, Latin America, US Imperialism

The latest victim of this horrifying IMF scheme is Ecuador. For starters, you should know that since January 2000, Ecuador’s economy is 100% dollarized, compliments of the IMF (entirely controlled by the US Treasury, by force of an absolute veto). The other two fully dollarized Latin American countries are El Salvador and Panama. The Wall Street Journal recently stated that Ecuador “has the misfortune to be an oil producer with a ‘dollarized’ economy that uses the U.S. currency as legal tender.”

Ecuador: Moreno’s Government Sacrifices The Poor To Satisfy The IMF

October 13, 2019 Wilma Salgado, Council on Hemispheric Affairs. Educate! Austerity, Ecuador, IMF, Lenin Moreno

Ecuador’s President Lenin Moreno has been cutting government spending since signing an Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF) in February of this year. This policy has benefited multinational corporations, the banks, and in general, powerful economic groups at the expense of the middle and working classes, who are being pushed toward poverty and extreme poverty. In the context of the IMF negotiations, the administration issued a law ironically called “the Organic Law to Foster Productivity, Attract Investment, and Create Jobs, Stability, and a Balanced Budget,” which has been in force since August of 2018. The law brought neoliberalism back to the country by instituting a policy to reduce the budget deficit and national debt, which have now become the top priorities.

Rage Against The War Machine Marches To Call Out War Profiteers

October 12, 2019 Margaret Flowers, Popular Resistance. Resist! IMF, Military Industrial Complex, Wars and Militarism, Washington Post

Washington, DC - On Friday, October 11, 100 anti-war activists took the streets of Washington, DC to visit offices of the War Machine as part of Cindy Sheehan's "Rage Against the War Machine" weekend of actions. This is the second annual event by Women March on the Pentagon. This year, the march was planned for a weekday so workers would be present to hear the messages at the stops along the march. The Rage Against the War Machine march started at the site of a principal war instigator of wars, the White House, where the Commander in Chief resides. Over the past decades, successive administrations have enhanced the power of the President's office, including the power to wage war without approval from Congress or the United Nations.

Moreno Flees Capital Of Ecuador As Thousands Of Indigenous Enter City

October 8, 2019 Staff, Telesurenglish.net Resist! Class Struggle, Ecuador, IMF, Latin America, Uprising

In his short five-minute televised speech, the Ecuadorean President Lenin Moreno informed the seat of government has been moved to Guayaquil. The president then went ahead to accuse, with no evidence, that the protests against his government are financed by Venezuelan President Nicolas Maduro and former Ecuadorean President Rafael Correa. With the Military Brass standing behind him and both, his vice president and minister of defense to each side, the head of state then reiterated that he won't back down from the decision to eliminate fuel subsidies as he dubbed it "historic."

‘The Drone Revolution’: Ecuadorians Revolt Against Repressive US-Backed President Lenin Moreno’s Neoliberal Policies

October 8, 2019 Denis Rogatyuk, Thegrayzone.com Educate! Ecuador, IMF, Latin America, Repression, Uprising

“Se acabó la zanganería” — “The zanganería is over.” With these words, uttered on October 4, Ecuador’s President Lenin Moreno proclaimed the end of a 40-year policy of fuel and petrol subsidies, which had traditionally benefited his country’s working-class population. Zángano, the Spanish word for a male honey bee, otherwise known as a drone, is a slang term traditionally used by rich, elite parts of society to refer to workers and the poor, whom they denigrate as “mindless” or “uneducated.” The use of the term by Moreno, a close ally of Washington, reflected the president’s resentful attitude toward ordinary Ecuadorians.

Ecuador: The Time Of People’s Rebellion

October 8, 2019 Carlos Aznarez, Resumen Latinoamericano, translation North America bureau Resist! Class Struggle, Ecuador, IMF, Latin America, Uprising

It is not quite the same as the uprising that occurred during Venezuela’s Caracazo in 1989 but it is very similar. In that opportunity, then President Carlos Andres Perez, beholden to the demands of the International Monetary Fund (IMF), also decided to increase public transportation fares and a people’s rebellion provided the ground work for what would become Hugo Chavez’s Bolivarian Venezuela. The events unfolding in Ecuador are the result of the implementation of the IMF’s coercive manual, undertaken by a person who pretended to be somebody and suddenly became somebody else.

Ecuador: Indigenous Groups, Workers Continue Protests

October 6, 2019 Al Jazeera. Resist! Austerity, Ecuador, IMF, Lenin Moreno

Indigenous organisations and workers' groups in Ecuador have vowed to continue protests against President Lenin Moreno's scrapping of decades-long fuel subsidies. The pledge on Saturday came a day after Moreno, who took office in 2017, refused to back down over the austerity policy, imposed under a deal with the International Monetary Fund (IMF) that doubled the price of fuel overnight and sharply raised gasoline prices. The measure, which came into effect on Thursday, prompted two days of unrest, with transport unions calling a strike and protesters clashing with police and blocking roads with tires, stones and branches. Authorities have arrested more than 350 people and Moreno, who declared a two-month state of emergency, told reporters: "Listen clearly. I am not going to change the measure. The subsidy is finished."

U.S. Shows Plan To Impose Its Tutelage On Venezuela

August 11, 2019 By Aram Aharonian, Pressenza.com. Educate! IMF, Neoliberalism, US Imperialism, Venezuela

The blockade and the new sanctions that freeze all Venezuelan assets in U.S. territory, ordered by the regime of Donald Trump, is nothing more than another act of economic terrorism that seeks, in the first place, to break the dialogue between the constitutional government and the opposition and marks the attempt to impose a tutelage on the country. The decision was applauded by the opposition Juan Guaidó, self-proclaimed interim president last January, and whose credibility and ancestry has come in low, according to all opinion polls. The meeting of U.S. allies/accomplices held in Peru aimed to find a solution to the Venezuelan crisis, but ended with no concrete result. There, Wilbur Ross, U.S. Secretary of Commerce, privately presented a series of “suggestions” that his country poses for an eventual day after Maduro’s exit from power.

“Theoretical Lies” Of The World Bank. Developing Countries And The Hidden Agenda Of The “Washington Consensus”

June 29, 2019 By Eric Toussaint, Globalresearch.ca Educate! IMF, Inequality, US Imperialism, World Bank

The World Bank claims that, in order to progress, the Developing Countries [1] should rely on external borrowing and attract foreign investments. The main aim of thus running up debt is to buy basic equipment and consumer goods from the highly industrialised countries. The facts show that day after day, for decades now, the idea has been failing to bring about progress. The models which have influenced the Bank’s vision can only result in making the developing countries heavily dependent on an influx of external capital, particularly in the form of loans, which create the illusion of a certain level of self-sustained development.

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