IMF

“This Is A War Against The Honduran People”

May 22, 2019 By Zoe PC, Peoplesdispatch.org Educate! Honduras, IMF, Latin America

Honduran president Juan Orlando Hernández announced on May 6 that the country had arrived at an agreement with the International Monetary Fund (IMF) for a 311 million dollar loan. He stated that the agreement would help support the growth of Honduras’ “privileged” economy which continues to outshine the rest of the economies in the region and it would help “support social mobility” for the most vulnerable in Honduras. His comments are seemingly out of touch with reality as 65% of Honduras’ population lives in poverty with over 40% in conditions of extreme poverty.

With Ecuador’s Cooperation Bought By IMF Loans, Washington Waxes Optimistic On Assange Extradition

March 7, 2019 By Whitney Webb, Mintpressnews.com Educate! Ecuador, IMF, Julian Assange

WASHINGTON — Chelsea Manning’s fight against her subpoena in the U.S. Department of Justice’s grand-jury case targeting WikiLeaks founder and former publisher Julian Assange this past week has revealed several uncomfortable truths, not only about that investigation but also about the fate of Assange, whose asylum in Ecuador’s London embassy hangs precariously in the balance. While reporting on the probe has largely focused on the nature of the still-sealed DOJ case, most reports have largely missed the fact that the marked increase in activity relating to the probe is directly related to the fact that Ecuador has, by all indications, agreed to rescind Assange’s asylum so that he may be extradited to the United States.

Leaked Wikileaks Doc Reveals US Military Use Of IMF, World Bank As “Unconventional” Weapons

February 8, 2019 By Whitney Webb, Mintpressnews.com Educate! IMF, US Imperialism, Wikileaks, World Bank

WASHINGTON – In a leaked military manual on “unconventional warfare” recently highlighted by WikiLeaks, the U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”

US Provides Weapons And Loans To Encourage Ukraine To Keep Provoking Russians

December 27, 2018 Finian Cunningham, Strategic-culture.org Educate! IMF, Inter-Imperialist Rivalry, Russia, Ukraine, US Imperialism, weapons, World Bank

Oh what a lovely big stocking-filler for the Kiev regime this week from Washington. Just in time for Christmas too, and only weeks after President Petro Poroshenko tried to incite a war with Russia from a naval provocation in the Kerch Strait. First we had US government envoy Kurt Volker announcing this week that an additional $250 million in military weapons were being packaged in Congress for Ukraine. Then the DC-based international lending institutions, the IMF and World Bank, signed off on multi-billion-dollar loans for Poroshenko’s regime. US government-owned Radio Free Europe described the new financial loans as a “victory” for Poroshenko.

Argentina Goes Back To The IMF, Opening Floodgates For Neoliberal Intervention And Structural Adjustment

November 17, 2018 Staff, The Tricontinental Educate! Argentina, Capitalism, IMF, Latin America

Argentina. After 15 years of distancing itself from the grip of IMF policies, in May 2018 Argentina went back to the International Monetary Fund (IMF) under the watch of President Mauricio Macri. Far from Macri’s promise to make Argentina the “supermarket of the world” and attract foreign investment, the negotiations with the IMF deepened Argentina’s crisis. The agreements between Macri and the IMF are part of a political intervention masquerading as economic policy. As long as there is a commitment to repay the massive debt to the IMF, it is international capital that will write Argentina’s economic policies—not the people—regardless of who sits in the presidential office.

How Neoliberal Economists Wreak Havoc On The Global Poor While Protecting The Financial Elite

November 16, 2018 Vijay Prashad, Independent Institute Educate! Capitalism, Finance, IMF, Inequality, Uneven Development

On December 1, Mexico will have a new president—Andrés Manuel López Obrador. He will take over the presidency from the lackluster Enrique Peña Nieto, whose administration is marinated in corruption. Peña Nieto’s legal office has already asked the Supreme Court to shield his officials from prosecution for corruption. The elite will protect itself. López Obrador will not be able to properly exorcize the corrupt from the Mexican state, let alone from Mexican society. Corrupt weeds grow on the soil of capitalism, the loam of profit and greed as well as of rents from government contracts. López Obrador comes to the presidency as a man of the left, but the space for maneuvering that he has for a left agenda is minimal. Mexico’s economy, through geography and trade agreements, is fused with that of the United States.

Another Financial Earthquake In The Making

October 16, 2018 Nick Beams, Wsws.org Educate! Banking and Finance, Capitalism, Crisis, IMF

The key issue to emerge from the semiannual meeting of the International Monetary Fund (IMF) held in Bali, Indonesia last week is that 10 years out from the 2008 global financial crisis the conditions have been created for another economic and financial disaster. And those in charge of the global economy have no means of preventing it, not least because the very policies they have carried out over the past decade have helped prepare it. It was somewhat symbolic that the meeting took place in the immediate aftermath of the devastating earthquake and tsunami on the Indonesian island of Sulawesi, which again underscored the extent to which the record growth of social inequality, accelerating after 2008...

Dark Clouds Gather On Horizon For Financial System, Warns International Monetary Fund

October 11, 2018 Staff, Jubileeusa.org Educate! Crisis, Finance and the Economy, IMF

Bali, Indonesia -The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia. The report finds that short-term risks to financial stability rose in the last 6 months. "The IMF is saying our economy is stable now, but there are some serious risks to stability on the horizon," noted Eric LeCompte who tracks IMF reports as the Executive Director of the religious development coalition Jubilee USA. "The IMF is also saying that inequality is on the rise and the global economic recovery is still not shared by everyone." This is the second major IMF report this week which raises concerns of pending financial crisis. On Tuesday, the IMF released its World Economic Outlook report.

‘Great Depression’ Ahead? IMF Sounds Dire Warning

October 11, 2018 By William Pesek, Atimes.com Educate! Capitalism, Crisis, Depression, IMF, New Economy

Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they take on a new dimension of scary. The International Monetary Fund head isn’t known for breathlessness on the world stage. And yet the IMF sounded downright alarmist in its latest Global Financial Stability report, stating that “large challenges loom for the global economy to prevent a second Great Depression.” Even some market bears were taken aback. “Why,” asks Michael Snyder of The Economic Collapse Blog would the IMF use this phrase “in a report that they know the entire world will read?”

World Bank – IMF Guilty Of Promoting Land Grabs, Increasing Inequality

October 9, 2018 Staff, Viacampesina.org Resist! IMF, Inequality, Land, Land grabs, World Bank

07 OCTOBER, BALI: At a meeting of La Via Campesina facilitated by Serikat Petani Indonesia (SPI) in Bali, peasant organizations from Asia, Africa, Americas, and Europe have unanimously held World Bank and IMF responsible for facilitating large-scale land grab, deforestation and ocean grabbing around the world, which has led to inequality, poverty, and global hunger. Peasants pointed to several decades of neo-liberal push from the World Bank and IMF for privatization and de-regulation in developing countries, as among the major factors that have led to increased cost of living for peasant communities. Over the last 30-40 years, the World Bank and the International Monetary Fund (IMF) and more recently the WTO has forced countries to decrease investment in food production and to reduce support for peasant and small farmers.

Argentina’s New $50 Billion IMF Loan Is Designed To Replay Its 2001 Crisis

July 28, 2018 Sharmini Peries, Therealnews.com Educate! Argentina, Crisis, IMF, Loans

For several months now. Argentines have been taking to the streets to protest against neoliberal austerity measures of President Mauricio Macri. The most recent such protest took place on July 9 on Argentine’s Independence Day. There has also been three general strikes thus far. In the two years since he took office, President Macri has laid off as many as 76,000 public sector workers, and slashed gas and water and electricity subsidies, leading to a tenfold increase in prices, in some cases. Now, the government argues that all of this is necessary in order to stem inflation, and the decline of the currency’s value. Last month, Macri received the backing of the International Monetary Fund. The IMF agreed to provide Argentina with a $50 billion loan, one of the largest in IMF history. In exchange, the Macri government will deepen the austerity measures already in place.

Argentina: Protests Against IMF As G20 Ministers Convene

July 23, 2018 Staff, Telesurtv.net Resist! Argentina, G20, IMF, Protests

IMF chief Christine Lagarde praised the economic policies promoted by president Macri and rejected by vast sectors of Argentine society. Argentines welcomed International Monetary Fund (IMF) chief Christine Lagarde, who arrived Friday in Argentina for a G20 summit, with protests and roadblocks in Buenos Aires. Social movements, students, opposition political parties, and workers’ unions mobilize to reject the IMF once more. The government of president Mauricio Macri requested a stand-by loan in May in the midst of a rapid devaluation of the Argentine peso. In June the IMF approved a US$ 50 billion loan, which was rejected by many groups in Argentina that associate the IMF’s return with an impending economic and financial crisis, like the one that ravaged the South American nation in the early 2000s.

Ecuador Bows To US And IMF, Entering New Neoliberal Era

July 18, 2018 By Elliott Gabriel, Mintpressnews.com Educate! Ecuador, IMF, Latin America, Neoliberalism, US Imperialism

QUITO, ECUADOR – Ecuador’s passionate re-embrace of the International Monetary Fund (IMF) offers one of the clearest and most dramatic signs that the country’s leadership is dead-set on shedding any vestiges of the “post-neoliberal” era it was said to have entered a decade ago during former President Rafael Correa’s Citizens’ Revolution. The warmth displayed by authorities over the past month to visiting U.S. Vice President Mike Pence and a team from the IMF, respectively, further proves that Ecuador is melting back into the arms of international financial interests. Yet, despite authorities’ almost apologetic attitude toward foreign capital over the spats and breakups of the past, the people of Ecuador appear destined to suffer further abuse at the hands of the domestic and transnational capitalist interests that inflicted such grievous harm on it in the past.

Anti-IMF Protests Take Place On Argentina’s Independence Day

July 14, 2018 Staff, Telesurtv.net Resist! Argentina, IMF, Independence Day, Latin America, Protests

Thousands of Argentine demonstrators filled the streets of Buenos Aires telling President Mauricio Marci and the IMF: "INDEPENDENCE CAN'T BE NEGOTIATED." Thousands of Argentines took to the streets on the nation’s independence day - July 9 - to protest the government’s extreme austerity measures and recent IMF loan. Marchers yelled, "The homeland will not give up" and carried signs that read: "INDEPENDENCE CAN'T BE NEGOTIATED" and "NO TO THE IMF" as they symbolically marched along Buenos Aires’ main avenue - 9 de Julio - which bears the country’s date of independence. The former governor of the Buenos Aires province, Felipe Sola told the multitudes that President Mauricio Macri’s economic plan is "creating hunger, misery, discontent in all classes, including in the middle class, where everything has been adjusted. No one can do anything anymore."

IMF Is Choking Tunisia. No Wonder People Are Protesting

January 18, 2018 By Jihen Chandoul, Theguardian.com Resist! IMF, Protests, Tunisia

Tunisia has been facing protests across the country at price and tax rises since 3 January – the anniversary of the “bread riots” which occurred in 1984 under the Habib Bourguiba regime. As with the current unrest, that uprising was triggered by an intervention into the country’s affairs by international financial institutions, and the subsequent shock to the livelihoods of Tunisians – specifically, an increase in bread and grain prices following the adoption of an IMF plan. It is impossible to understand these latest protests without understanding the role of international financial institutions, especially the IMF, in imposing austerity on Tunisia since the popular uprising of January 2011. In the months after the revolution, western governments and institutions were looking for a way to prevent countries from questioning the neoliberal model.

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