World Leaders Meet for Spring IMF, World Bank and G20 Meetings (tags)
World leaders, finance ministers, business groups, academics and development organizations attend the Spring IMF, World Bank and G20 meetings.
Global Economic Losses Since Dawn of Pandemic Hit $3.3 Trillion (tags)
Since 2020, the global economy lost $3.3 trillion. The loss affected the most vulnerable countries hardest noted International Monetary Fund chief Kristalina Georgieva.
Global Economic Losses Since Dawn of Pandemic Hit $3.3 Trillion (tags)
Since 2020, the global economy lost $3.3 trillion. The loss affected the most vulnerable countries hardest noted International Monetary Fund chief Kristalina Georgieva.
IMF Says Historic Low Growth and Sluggish Economy Will Continue (tags)
The IMF forecast 3.1% global growth in 2024, a fifth of a point increase on its October projection.
Morocco G20 Finance Meetings Make Few Decisions on Crisis Response (tags)
G20 finance ministers met on global economic growth, debt, inflation, expanding development bank aid, the pandemic and other crises.
African Catholic Bishops: Marrakesh Meetings Should Act on “True Jubilee of Hope in Africa (tags)
World leaders attending the annual IMF, G20 and World Bank meetings should promote urgent debt relief, aid and lending policies to address the interlinked crises African countries face, noted a body that represents African Catholic Bishops.
IMF and World Bank Meetings Wrestle with Low Growth, High Interest Rates, Debt Crises and (tags)
As world leaders arrive for the Annual IMF and World Bank Meetings, the IMF forecasts the global economy to grow 3% this year, which remains below the average of growth for the two decades before the pandemic.
Jubilee USA Statement on IMF Global Financial Stability Report (tags)
The IMF releases the Global Financial Stability Report and raises global concerns over continued inflation, the banking system and climate investments.
Jubilee USA Statement on IMF World Economic Outlook Report (tags)
As world leaders arrive in Marrakesh for the Annual IMF and World Bank Meetings, the IMF releases its flagship World Economic Outlook report. The IMF projects the global economy to grow 3% this year, which remains below the average of growth for two decades before the pandemic.
World Leaders Focus on High Debt Levels and Poor Economic Growth as Morocco Meetings Begin (tags)
World leaders, finance ministers, business groups, academics and development organizations descend on Marrakesh, Morocco, for the IMF and World Bank Annual Meetings. IMF head Kristalina Georgieva reports that the global economy lost $3.7 trillion due to shocks since 2020 and that slow and unequal growth continues.
IMF Speaks: World Economy Loses $3.7 Trillion Due to Pandemic and Economic Shocks (tags)
As World Leaders Head to Morocco, IMF Leader Raises Growth and Debt Challenges
G20 Finance Ministers Focus on Debt, Development and Dismal Economic Outlook in Gandhinaga (tags)
On Monday, G20 Finance Ministers hold their third meeting hosted in Gandhinagar by the Indian government.
US corporations in the wings for post-war Ukraine (tags)
The IMF granted large loans to the invaded country and enforces the so-called neoliberal "Washington Consensus"[1]. In a major privatization campaign, the Ukrainian government is selling off state assets. U.S. corporations such as ExxonMobil, Chevron & Halliburton participate.
IMF Forecasts Lowest Growth in Decades as World Leaders Descend on Washington for Meetings (tags)
Debt Roundtable Meetings Attempt to Break Impasse on Debt Relief From China and Private Sector
Global Growth Remains Low Amidst Debt Concerns, War and Inflation, Says IMF (tags)
Press release.
Biden and 90 Other Heads of State Descend on COP27 United Nations Climate Summit (tags)
Resources for Climate Action and Poor are Major Themes for Egypt Meetings
IMF Predicts Global Economy to Lose $4 Trillion (tags)
The global economy is more fragile noted IMF Managing Director Kristalina Georgieva.
IMF Provides Emergency Food Crisis Loans (tags)
The IMF launches the Food Shock Window to aid countries facing food shortages by expanding access to rapid, low-interest loans.
We are all social democrats now. Almost all of us (tags)
A few weeks ago, IMF chief Kristalina Georgieva said rich households should pay higher taxes. Inequality in income and wealth had reached proportions that threatened social peace. The head of the IMF, Alfred Kammer, called on the German government, as in previous years, to increase its investments.
Pope Francis and World Leaders Call for Inclusive Economy (tags)
Pope Francis addressed a small group of Finance Ministers, the head of the IMF and noted economists urging the creation of new global debt and tax policies that can reduce inequality and end poverty.
IMF Chief Warns of Financial Disaster Driven by Inequality (tags)
IMF Head Kristalina Georgieva warns of a return of the Great Depression driven by inequality and financial sector instability in a speech delivered at the Peterson Institute of International Economics.
How Misguided Financial Policy Strengthens the Right-Wing (tags)
Capitalism has shown how democratic processes can be easily evaded. The Chicago boys carried out their radical reform program that was known as shock therapy. This included dismantling social state structures, opening the market to foreign investors and shattering unions
Kristalina Georgieva Takes IMF Helm (tags)
The International Monetary Fund announces that World Bank CEO and Bulgarian environmental economist, Kristalina Georgieva, will become the Fund's new Managing Director.
UN Forum Wrestles with Funding Development (tags)
After months of negotiations and four days of formal meetings, the United Nations voted on development policies at the fourth UN Financing for Development Forum. The UN meetings convene world leaders, ministers, governments, the IMF, World Bank and development groups. The annual process attempts to implement the 2015 Addis Ababa Action Agenda, an international agreement that includes policies on debt, tax, trade, transparency and aid.
IMF Issues Debt and Financial Crisis Warnings (tags)
As the Spring World Bank and IMF meetings begin, the IMF issued concerns over unsustainable debt and a possible financial crisis in two reports. African and Latin American debt experts are releasing new analysis of growing debt at the meetings.
IMF Warns of Global Financial Crisis Risk (tags)
For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.
IMF Says Global Economy Faces a "Delicate Moment" (tags)
As world leaders, finance ministers, business leaders and development groups gather for the Spring International Monetary Fund and World Bank meetings, the IMF raises fresh concerns about the global economy. The IMF releases the biannual World Economic Outlook Report noting a slowdown in global growth and focusing on economic challenges that include unsustainable debt, trade tensions and the impact of natural disasters on the financial system.
G20 Discusses Preventing Financial Crisis and Small Island Economies (tags)
President Trump arrived in Buenos Aires on Thursday for the annual G20 meetings.
Debt and Tax Policies Needed to Prevent Crisis Says Finance Watchdog Group (tags)
Financial institutions, experts and economists fear a new wave of financial crises hitting countries from Ghana to Italy.
Dark Clouds Gather on Horizon for Financial System, Warns International Monetary Fund (tags)
Bali, Indonesia -The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia.
IMF Lowers Global Growth Projections and Raises Concerns of Financial Crisis (tags)
Bali, Indonesia - The International Monetary Fund released the World Economic Outlook Report and lowered global growth projections to 3.7 percent for 2018 and 2019.
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth.
UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for (tags)
Officials from governments, the IMF, World Bank, the private sector and NGOs meet this week at the United Nations for the Financing for Development (FFD) Forum.
IMF and World Bank Meetings Begin With Growth Forecasts and Crisis Risk Warnings (tags)
The International Monetary Fund (IMF) and World Bank begin their annual meetings which run between October 13th and 15th.
IMF Reports Global Growth and Releases New Ways to Predict Economic Crisis (tags)
The International Monetary Fund (IMF) releases its biannual report on global economic stability and presents new indicators it says can help predict financial crisis.
Global Economic Risks Ahead Warns International Monetary Fund (tags)
The International Monetary Fund (IMF) released its bi-annual report on global economic stability, warning that the financial system could face serious risks in the year ahead.
IMF Warns of "Protectionism" and Risky Investing (tags)
The International Monetary Fund (IMF) released its bi-annual report on the state of the global economy, predicting that global growth will continue steadily but slowly.
Mozambique President Meets IMF and World Bank As Debt and Corruption Concerns Loom (tags)
Mozambique President Filipe Nyusi is in Washington for a series of meetings with International Monetary Fund (IMF) Managing Director Christine Lagarde, World Bank President Jim Yong Kim, Secretary John Kerry and US AID's Gayle Smith.
Greek Rape and Pillage Bailout Deal: Germany Wants More (tags)
Greece
Troika Bandits Want More from Greece (tags)
Greece
IMF: Greek Debt Untenable (tags)
Greece
Greek Voters Reject Financing Plan (tags)
Article on recent election in Greece, concerning its debt.
Nepal Post Earthquake Aid Falls Short of Goals: No Debt Relief Pledged at Nepal Recovery C (tags)
This week's Nepal donor conference pledged $4.4 billion in aid to Nepal, short of the $6.6 billion Nepal requested for earthquake recovery. About half of the total financing is loans and half is grants. Nepal did not receive any pledges of debt relief while world leaders gathered in Kathmandu. The International Monetary Fund (IMF) said Thursday Nepal will not qualify for its new emergency debt relief trust fund. "The initial aid pledges are helpful and we can close the $2 billion gap quickly with debt relief," said Eric LeCompte, Executive Director of the religious development organization Jubilee USA Network. "One of the quickest ways that the World Bank, Asian Development Bank and governments can deliver rebuilding grants is by canceling debt." Nepal spends $600,000 a day paying its debt, or more than $35 million since the first April earthquake. The World Bank and the Asian Development Bank pledged a combined $1.1 billion in new concessional loans and grants. Nepal already owes the World Bank and Asian Development Bank approximately $3 billion. Although the World Bank has not announced plans for a debt relief fund, the IMF created the Catastrophe Containment and Relief Trust in the wake of the Ebola crisis and cancelled $100 million of West Africa's debt. IMF spokesperson Gerry Rice said Thursday Nepal met the first requirement for relief but that the earthquake did not cause enough total economic damage. Rice did not reference whether or not damage to Nepal's "productive capacity" pulled another trigger for the fund to release about $23 million in debt relief.
Nepal Conference Hopes to Raise $6.6 Billion in Post Earthquake Aid Debt Relief Could Be (tags)
Nepal Conference Hopes to Raise $6.6 Billion in Post Earthquake Aid Debt Relief Could Be Part of Nepal Recovery Plan
Western Long Knives Out for FIFA's Sepp Blatter? (tags)
FIFA
Devastated Nepal Daily Pays $600,000 on Debt (tags)
Nepal underwent another earthquake on May 12 amid recovery from the April 25 quake. It owes billions of dollars of debt to the World Bank, the Asian Development Bank, the International Monetary Fund and foreign lenders. Anti-poverty organization Jubilee USA Network states that debt relief would aid Nepal's recovery efforts.
Governments Negotiate UN Agreement on Global Development (tags)
The United Nations, International Monetary Fund (IMF), World Bank and finance ministries are meeting in New York to finalize an agreement for the Financing for Development Conference (FfD) to be held in Addis Ababa, Ethiopia, in July
World Bank and IMF Announce $1.1 Billion in Debt Relief for Chad (tags)
The International Monetary Fund (IMF) and the World Bank announced $1.1 billion in debt relief for Chad. The money comes through the IMF and World Bank's two major debt relief programs: the Heavily Indebted Poor Country Initiative (HIPC) and the Multilateral Debt Relief Initiative (MDRI). Chad is the 36th country to receive HIPC relief and the first since 2012. Chad is the fourth-least developed country in the world. More than half its population lives in poverty.
Aftershocks Pummel Highly Indebted Nepal: Poor Country Spends 217 Million Annually on Debt (tags)
As Nepal experiences aftershocks from Saturday's earthquake, it may find relief in the IMF's Catastrophe Containment and Relief Trust, a fund that cancels the debt of poor countries in crisis.
World Bank Announces Package of Aid and Loans to Ebola-Affected Countries (tags)
The World Bank announces $650 million in new concessional loans and grants for Liberia, Guinea, and Sierra Leone at the start of the Spring IMF and World Bank Meetings.
IMF Reports Debt and Human Crises Drive Uneven Growth (tags)
Global Stability and Economic Outlook Reports Released
Greece Proposes Plans to Tackle Tax Evasion and Corruption (tags)
Greece submitted a list of economic reforms to the European Union (EU) in an effort to secure emergency financing.
Ukraine Headed for Disaster (tags)
Ukraine
United Nations Votes for Process to Create Global Bankruptcy Framework (tags)
UN Process Could Limit Default and Stop Predatory Funds
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment... Public investments could raise economic growth both in the short- and long-term.
The poorest and weakest persons must pay the price for misguided political decisions. Political-economic decisions decide over the life and death of persons. The New Deal stands for an effective debt reduction. Germany has been an active driver of austerity.
African Mayors Call for Debt Cancellation for Ebola-Stricken West Africa (tags)
G20 Moves Forward on Ebola Debt Relief Plan.
US Brings Jubilee Ebola Debt Relief Request to G20 (tags)
Treasury Secretary Lew Brings Jubilee USA Request for Debt Relief for Ebola-Stricken Countries to G20. US Seeks to Move IMF to Cancel $100 Million in Debt for Sierra Leone, Liberia and Guinea.
UN's Gross Deceit: ethical human rights needed (tags)
Desc UN's gross deceit omitting certain human rights to enable operation IMF (human rights free zone) which pursues elitist globalization. Activists serious lack of understand of political globalization which sees dominance of bureaucrats. Also, decimation animal population.
IMF Annual Meetings Focus on Inclusiveness and Global Job Growth (tags)
"The risks the IMF raises are real. We need to address inequality if we are going to grow the global economy," said Eric LeCompte, Executive Director of the religious anti-poverty organization, Jubilee USA.
International Monetary Fund Releases Plans to Stop Predatory Hedge Funds (tags)
The International Monetary Fund (IMF) released new proposals for preventing predatory hedge funds and hold-out investors from blocking debt restructurings. The paper proposes a series of reforms to debt contracts, including strengthened collective action clauses and a modification of the pari passu clause that hold-out hedge funds used to sue Argentina.
Argentina's Christina Fernandez de Kirshner's UN Address (tags)
predatory capitalism
IMF Paper: Corporate Tax Avoidance Hurts Global Economy and Poor Countries (tags)
The International Monetary Fund (IMF) released a staff paper noting that corporate tax avoidance negatively impacts all economies, but hurts developing countries the most. The IMF's release comes as the G20, the Organization for Economic Cooperation and Development and United Nations bodies seek vehicles to diminish corporate tax avoidance.
IMF Releases Paper on Ending Predatory Behavior (tags)
The International Monetary Fund (IMF) officially released a major paper focused on increasing stability in the financial system and preventing predatory hold-out behavior in debt restructuring.
IMF Reviews International Financial Crises Solutions (tags)
As the IMF reviews solutions to international financial crises, religious and development groups urge reforms to protect the poor.
The new indebtedness is a consequence of the crisis caused by the financial industry-and in no way owed to an excessive social state, demographic change and so forth.. There are many critics of this policy of mastering crisis by flooding the financial markets with fresh money.
IMF Annual Meetings Focus on High Debt Burdens and Global Inequality (tags)
The annual International Monetary Fund (IMF) and World Bank meetings are focusing on the role of high debt burdens in both global economic recovery and increasing inequality. At the onset of the meetings, the G24 released an IMF statement noting that the IMF's failure to implement quota reform and the outcome of the US Supreme Court Argentina/NML Capital case impacts global inequality.
IMF World Economic Outlook: Economy Improves for Some as Inequality Persists (tags)
Debt Restructuring Process Discussed by IMF and G20
Plundering Ukraine for Profit (tags)
Ukraine
Argentina Files Final Supreme Court Appeal in Global Hedge Fund Debt Case (tags)
Religious Community Joins IMF, Legitimate Investors and Governments in Opposing Exploitative Hedge Fund Behavior
Great World can be achieved by Great States ensuring an ethical human rights 'bottom-line' (tags)
Describes what I see as the UN’s gross neglect of duty re UN Charter (in my opinion, a ‘global crime against humanity’) to uphold UDHR. Also I consider greater political and national unity is planned to execute a ‘near absolute’ control in States.
The World War against the Poor (tags)
More and more money capital concentrates in the hands of the rich which they let `work for itself.' Every day $1.5 trillion circulates around the globe and changes hands. Only two to three percent of that is needed to handle the business with goods and services. The rest is speculative excess.
International Monetary Fund Reviews International Bankruptcy Process for Sovereign Countri (tags)
International Monetary Fund Reviews International Bankruptcy Process for Sovereign Countries
IMF Secures Windfall Gold Sales Profits for Concessional Lending to Low-Income Nations (tags)
On October 10, 2013, the International Monetary Fund announced that member countries have approved their commitment to fund the Poverty Reduction and Growth Trust (PRGT) for concessional lending. Financing comes from windfall profits made from the IMF selling part of their gold reserves that currently totals $3.4 billion. Currently, the IMF provides zero-interest financing to low-income nations through this fund.
G20 Focuses on Debt, Taxes, Corruption, Syria and IMF Quotas (tags)
G20 Focuses on Debt, Taxes, Corruption, Syria and IMF Quotas
Supreme Court Considers Taking Hedge Fund/Argentina Case with Global Poverty Impacts (tags)
The US Supreme Court is considering whether or not to accept an international debt case that will impact global poverty and poor country access to credit.
Austerity Policy Leads to Low Economic Growth, 43pp (tags)
This IMF Working Paper published on January 31, 2013 was co-authored by the chief IMF economist Olivier Blanchard. The IMF erred in its fiscal multiplier in estimating the effects of state spending cuts in deficit countries. The paper was greeted by silence in Germany and the US.
For Immediate End of Austerity Policy in Europe (tags)
The growth model forced in the past with redistribution from bottom to top and increasing export surpluses has failed. For years, the demands of the Alternative Economic Policy study group emphasized combating unemployment and poverty and, taming the financial markets.
Greece’s depression is IMF’s idea of ‘progress’ (tags)
Austerity programs are designed with ideology in mind, not with economics based on the real world.
Defending IMF Financial Terrorism (tags)
class war
Never mind! IMF now says austerity mistakes don’t matter (tags)
IMF paper says damage wrought by austerity much greater than expected, but it should continue anyway.
New York Times Supports Austerity Harshness (tags)
class wa
Navigating Egypt’s Revolutionary Crisis (tags)
As chaos again envelopes Egypt, the revolution is evolving in new directions, along contradictory and confusing channels. It’s tempting to immediately support the “opposition” to the Muslim Brotherhood’s apparent “power grab,” but the situation in Egypt is more complex. The recent events in Egypt are not simply signs of a healthy revolution, they include immediate dangers.
“IMF is dead, a walking dead” - FDC Philippines (tags)
MANILA, Philippines – As the first female chief of the International Monetary Fund (IMF) visited the country for the first time and met with Pres. Benigno S. Aquino III Friday morning, debt watchdog Freedom from Debt Coalition staged a protest near the Malacañan Palace, in solidarity with the peoples of the Eurozone.
Quietly, the IMF confesses that austerity does not work (tags)
Not that those who reap rewards from austerity will admit it, but the IMF’s own calculations show that austerity accelerates economic decline.
Philippine government a "show-off" (tags)
MANILA, Philippines - The Philippine government’s decision to extend a US$1-billion loan to the International Monetary Fund (IMF) to supplement the Fund’s Financial Transaction Plan (FTP) of $456 billion to contain the economic crisis in Europe is an “arrogant pretension of a country very much in debt,” according to the Freedom from Debt Coalition (FDC).
Shock Strategy for Europe (tags)
The cocktail of social cuts, deregulation and privatization struck societies like a blow. The economy hit the wall; social securities were taken away. The debt problems were used as "timely opportunities" to gain new ground for the free market.
At Risk Eurozone Sovereign Credit Ratings (tags)
Eurozone
World Debt to stay unchanged by new IMF Chief (tags)
Recently, Lagarde, a French female economist, was selected as the new International Monetary Fund Chief. Does this signify gender progress for the IMF or does this media attention on gender deflect Third World problems caused by the IMF?
Kudos to Egypt for Ditching the IMF (tags)
From the beginning of the Arab Spring revolts, many progressive commentators have expressed concern that people in countries such as Egypt and Tunisia might win greater political freedoms but would have their nations? economic policies hijacked...
Prosecutors Back Off From Their ?Iron-Clad? Case Against Strauss-Kahn (tags)
New evidence of extortion used against DSK, possible goals to ensure DSK loses election for French Presidency against U.S. puppet Sarkozy. Other enemies of DSK include the globalists who dislike his solutions to the European debt crisis that doesn't reward the big banks. Both the reactionary right and reactionary left appear convinced of DSK's guilt, despite increasing evidence to the contrary.
Meaner Tougher IMF with Lagarde (tags)
financial terrorism
Banker Occupation of Greece (tags)
financial terrorism
IMF Financial Terrorism (tags)
financial terrorism
America's Terminal Decline (tags)
empire
The World Social Forum (Feb 6-11, 2011) (tags)
"Another world is possible," Susan George declared at Porto Alegre. 80,000 activists came to Dakar. The world has changed, not only through the financial crisis that showed the market often causes more problems than it solves. The WSF has become a source of hope for a just world.
Economists Rediscover the Distrribution Question (tags)
Higher taxes for the rich-traditionally a horror to liberal economists-appear in a new light as state transfers to poorer sectors. Those richer than 95% pocket around 20% of the total income. It was less than half as much at the end of the 70s.
imperialism
The IMF Dictates More Than Ever (tags)
"Many developing countries that were independent in food production at the start of the 1980s import food necessary for their populations today. The subsidized agriculture of western countries has flooded the cou9ntries of the South. Haiti imports the rice that it once cultivated.."
IMF Considers Replacing the Dollar as Key Currency (tags)
More stability and efficiency will be created and money and the credit system de-politicized. In stress situations, a world central bank could serve as creditor "of last resort" to provide the necessary liquidity in the whole system in case of grave shocks.
The IMF-in-Greece diary (tags)
Α real-time record of the IMF-era of Greece
The Road to World War III - The Global Banking Cartel Has One Card Left to Play (tags)
"The global elite have consistently used a strategy of arming and funding both sides of armed conflicts. While opposing populations kill each other off, they make off with their natural resources. When they confront a government that cannot be bribed or provoked into civil or regional war, they fund brutal death squads, attempt military coups and intimidate them by giving weapons to undemocratic neighboring regimes. If all that doesn’t work, they are declared a threat to national security and the US military, private contractors and NATO forces invade and occupy the country. These terrorist strategies are not limited to the Middle East and Africa, just ask our neighbors throughout Latin America about the School of the Americas. Contrary to popular belief, the horrendous torture techniques inflicted upon people in Abu Ghraib, Iraq were not an isolated incident. Many of those brutal torture techniques were developed over years by torturing innocent civilians throughout Latin America."
Latest Update from the IMF Resistance Network (tags)
The IMF Resistance Network is an East coast-based anti-authoritarian group dedicated to organizing resistance to the International Monetary Fund and World Bank. http://imfresistance.org.
Greece. The IMF, the E.U.'s Dictate and German Responsibility (tags)
The unrelenting pressure to cut fiscal spending imposed by the IMF and the European Union has exacerbated the crisis. By dictating the austerity program, it leaves those people to pay for the crisis who played no part in bringing it about and already shoulder the burden of capitalism's crisis.
The IMF's mid-life crisis (tags)
The IMF has long been opposed to capital controls and punished countries. Now the IMF is wrestling with this issue. Exchange rate stabilization should be a priority in the context of unraveling economies. The IMF will be meeting in Toronto in June 2010.
The Rebirth of Economic Thought from the Ashes of the Crisis (tags)
Reagan announced the state was "the problem" for the functioning of the economy. State action could not solve economic problems. The latest reality of economic crisis thoroughly destroyed the neoclassical theses. The crisis showed its ideological limitation and conditionality.
IMF it is sabotaging the Brazilian economy.
"LOS GRINGOS" DON'T WANT TO BE MADE RESPONSIBLE BY THE DAMAGES THAT PRODUCED (tags)
We broke the world and now you all will pay the bill - the Tio San said. Didn't it arrive the moment of giving a beating in him?
Attac France on the Stiglitz Report (tags)
If the world really lives through a systemic crisis, solutions must also be sou9ght on this plane. Regrettably the mandate limits the commission to reform the international monetary system. The UN is the only institution with a democratic legitimacy.
Obama's Financial Reform Proposal - A Stealth Scheme for Global Monetary Control (tags)
global dominance, not reform is planned
Can the US Save the World? by Simon Johnson (tags)
Simon Johnson, a former chief economist at the IMF, teaches economics at MIT.
Reviewing Ellen Brown's "Web of Debt:" - Part III (tags)
Federal Reserve plunder Part III
The IMF and Romania: A Road Less Travelled (tags)
IMF policies have left shattered economies.
France Jan 29, 2009. Public and private workers mount a one-day strike with mass support. Schools, courts and transportation shut down in several cities. This article is from: Freedom Socialist Vol30 No2 April-May 2009.
Obama sent to beg China not to pull the bond rug out from underneath it.
Hugo Chavez Spearheads the South American Revolution (tags)
How Venezuela is leading the revolutionary integration of South America
World Bank and IMF Policies Caused Food Crisis (tags)
The IMF changed its economic direction and took a market radical neoliberal economic course at the beginning of the 1980s with the rise of monetarism. Hunger inthe world can only be overcome with long-term sustainable strategies, not with the short-term horizon of Wall Street.
Sandbox Liberals Practice Damage Control: World Bank and IMF (tags)
The IMF and the World Bank are not self-critical. With their conditions on developing countries, these two institutions crafted the economic structures that led to today's disaster. The world economy functions according to the rules of power and profit logic.
The Asian Crisis of 1997-1998: Deregulation (tags)
Enormous capital streamed in short-term monetary investments that could dissolve at any time, not in lasting direct investments. Higher stock prices and home prices fueled the credit boom. Deregulated finance markets are everything but efficient.
As long as the policies of the rich North represent a mixture of cruel carrot-and-stick maneuvers, coupled with basic contempt for the South, we can expect more lethal North-South tensions, more powerful boomerangs hurled back at us.
F. William Engdahl's "A Century of War" - Part II (tags)
Part II of this epic book.
After the crisis of 1997, not one important fianncial reform was carried out in the world. Liberalizationof capital markets causes instability and not necessarily growth. In South Korea, the IMF recommended the sale of state banks to US investors.
The Bank of the South: An Alternative to IMF and World Bank Dominance (tags)
Latin America's alternative to the IMF and World Bank
Sun. 8/19 conf. call for Oct. IMF/WB actions (tags)
Conference call at 7 pm ET, Sun. 8/19, to plan national outreach for October 19-21 mobilization against IMF and World Bank annual meeting in Washington DC.
Call to Action: Oct. IMF/World Bank protests (Eng./Sp.) (tags)
Disrupt the IMF and the World Bank meetings: Washington DC, October 19-21, 2007 A Desbaratar las Reuniones del Fondo Monetario Internacional (FMI) y el Banco Mundial!
The World Bank's Customers Are Disappearing (tags)
Many developing countries that gained needed credits only on World Bank conditions are poorer today than before. The Good News is that the cartel of creditors is dissolving. Former debtors threaten to become independent.
Venezuela's Withdrawal from the IMF and the World Bank (tags)
With their emancipation from the Bretton Woods institutions, the states of Latin America now try to lessen their dependence. A Bank of the South could assume the role of structural creditor in the future.
Imperial Multilateralism in Crisis (tags)
For half a millenium, the West-first Spain and Portugal, then England and lastly the US-ruled the world. This position is now seriously put in question by the newcomers.. In reality the IMF and the World Bank are dominated by the US.
Protests at IMF/World Bank Spring Meetings – a Prelude to October (tags)
News roundup of protests at IMF/World Bank spring meetings in April - and onward to October!
Greg Elich interviewed on Zimbabwe (tags)
Elich is one of the best informed journalists on Zimbabwe. he helps to dispel the notion that western sanctions and attacks are does for nobel reasons.Mugabe has been an opponent of the IMF and neoliberalism
The Rise and Fall of the UN (tags)
One’s opinion of the United Nations reveals a lot about political consciousness; and because perception is usually based on experience, it’s only natural that people from different countries have opposing views about the UN and its pillar institutions— the International Monetary Fund (IMF), World Bank, and the World Trade Organization (WTO). In the United States, familiarity of the UN is limited to vague notions of ‘international democracy’ and ‘peacekeeping’, words that inspire the noblest of intentions; the World Bank and IMF on the other hand are institutions that invoke little reaction among the US public. How and by whom the UN was formed, whose interests it serves, and the actual history of its ‘peacekeeping’ missions are all things rarely examined. It is the purpose of this essay to look at the formation and development of the UN, and in so doing, attempt to show the evolution of the capitalistic system itself, which was ‘reborn’ upon the back of these hardly-neutral organizations.
The Financial Crisis of the IMF (tags)
The IMF is an extremely undemocratic system. Instead of one country-one vote, the good capitalist principle one dollar-one vote was in effect from the beginning. Whoever paid most had the most votes and the greatest influence.
IMF out of the Philippines and South countries now, protesters demand (tags)
On the occasion of the Annual Meeting of the International Monetary Fund (IMF) together with the World Bank in Singapore, the Freedom from Debt Coalition (FDC) and other civil society organizations blame “the Fund” for being the single most influential factor for the worsening poverty in the Philippines and other countries in the South.
Civil society groups denounce Singapore government, IMF-WB for barring activists (tags)
Jubilee South and the Freedom from Debt Coalition of the Philippines, two of the proponents and lead organizers of the International Peoples Forum vs the IMF and World Bank, denounce the latest move of the Singapore government to prevent the exercise of freedom of speech and peaceful assembly.
A Century of Oil Imperialism (tags)
The current Iraq War, waged primarily to seize incredibly rich oil resources for the benefit of the U.S.-UK Oil Cartel, was predictable. This type of imperialistic evildoing has been going on for a century, and countries and individuals who get in the Cartel's way tend to meet violent ends.
CALL FOR GLOBAL ACTIONS AGAINST IMF/WORLD BANK, SEPTEMBER 14-20 (tags)
Mobilization for Global Justice (MGJ) has endorsed the following call, written and distributed by Jubilee South, a coalition of social movements throughout the Global South who are resisting illegitimate debts and IMF/World Bank policies. The statement calls on people worldwide to take action in their own communities against the IMF/World Bank the week of September 14-20, while the institutions meet in Singapore.
T-minus 5 days to the World Bank and IMF spring meetings (tags)
We know its a long ways, but we really need all of you who want to do direct action to come to DC for next weekends World Bank and IMF Spring meetings. We've got plenty of space and will be providing food. So come on down.
World Bank / IMF Protests Scenario Outline (tags)
We are not mobilizing for this year’s World Bank / IMF meetings? What?! You will not find a rally and a march from one part to another filled with speeches and empty platitudes. BUT, YOU WILL FIND LOTS OF ACTION! Don’t come to Washington, DC, April 21 – 23 if all you intend to do is march. However, if you want to take effective action, you can march and do a whole lot more!
Call for Direct Action Against World Bank and IMF Meetings (tags)
Come to Washington, DC April 22-23 to take direct action against the World Bank and IMF
Open Letter to United for Peace and Justice (UFPJ) From Mobilization for Global Justice (tags)
Congratulations on organizing a very large demonstration in Washington, D.C. the weekend of September 24-25. The numbers and the resulting media coverage and visibility were indeed impressive. Having said that, we would like to share with you some fundamental political concerns of ours with: • the manner in which the mobilization was called, • what was and what was not included in the political message, • and how that was reflected in the way in which the organizing for the demonstrations happened on the ground.
Something we need to be concerned about, the U.S. debt to foreign countries, lets not pay (tags)
The U.S. stands a good chance of becoming a third world country in the future. I just heard on Nightline that "our" government helps pay for the war in Iraq by taking out loans from other countries like China. What a stupid thing to do.
Join us in Washington, DC! Protest Military and Economic Violence! (tags)
Global Justice Feeder March! Saturday, September 24, 2005. 11:00 am Dupont Circle, Washington D.C.
Protest the Annual World Bank and IMF meetings::Call for Direct Action::Sept. 23-25, 2005 (tags)
Join us and the millions around the world dedicated to a world where development, security, and democracy are no longer tools of rhetoric employed by the World Bank, the IMF, and the U.S. government but are realities in the lives of all. Come to Washington DC September 23-25th for a weekend of spirited action to shake the pillars of empire!
Protest the Annual World Bank and IMF Meetings Sept. 23-25, 2005 Washington DC (tags)
Block the Bank! Fight the Fund! Reclaim Our Communities! Confront Economic Violence and Corporate Capitalism during the World Bank and IMF Annual Meetings September 23-25, 2005 :: Washington DC :: Call for DIRECT ACTION
The New Inequality Machine (tags)
From the middle of the seventies, the interest rates exceeded the real growth rates. This made it even more attractive for owners of capital to invest their money in the financial markets rather than the real economy.
All Out for April 16th, 2005! Washington DC A Better World is Under Construction N (tags)
Were you at the first A16 demonstration against the IMF and World Bank in Washington, DC in 2000? Come back once again to challenge these illegitimate institutions and their plans for a world of unbridled greed! Did you miss out on the first mass protests against the IMF and World Bank? Now's your chance to be part of the second A16! The Mobilization for Global Justice is calling for all those interested in helping to construct a mass movement against neo-liberalism and the devastation it is wreaking on the world to converge on Washington, DC from April 15th-17th. Come help us celebrate the successes of our movement, which in the past five years has not only put these institutions on the defensive and on the run, but has begun construction of the new world that has for so long been in all our hearts. For fliers to distribute in you community, logistical information, meeting times and updates e-mail mgj@riseup.net or visit www.globalizethis.org . GET INVOLVED! IT’S A BLAST!
US Expert Sees Danger of World Recession (tags)
"The new administration elected in November 2004 must systematically reduce the deficits. Otherwise an inflation threatens. America within the next two years could lead into a recession.."
"Wars are Good for the Economy": The Global Free Trade System (tags)
"The international free market was created artificially in the 18th and 19th centuries with the force of the English colonial state and did not develop naturally from the free exchange of goods as neoliberals constantly claim.."
Interesting article from the Asia Times. A different perspective than the usual propaganda from our Wall Street-controlled media.
"Stop GATS!" Against Privatization of Services (tags)
"The `Washington Consensus' from the 80s promised that a neoliberal policy - liberalization and deregulation - would be good for eveyrone. In fact, local structures are destroyed, human lives are annihilated through hunger and poverty.."Trans fr German
U.S. Government of the rich, by the rich, and for the rich (tags)
How has the secretive U.S.-based IMF/World Bank economically enslaved poor countries?
In other news - IMF reports globalization doesn't help the poor (tags)
While the world's attention is focused on war in Iraq, the International Monetary Fund has released a study finding there is little evidence that globalization helps poor countries. In other words, the protesters were right all along.
War isn't stopping the IMF/World Bank from plunder and destruction (tags)
It's the height of irony that the IMF/World Bank force poor countries to cut social services to their citizens in order to get out of deficit spending while the current US administration has taken our country from surplus to unprecedented mega-deficits in just a few short months.
US to spend at least $4 bn to undermine democracy in Turkey (tags)
If the majority of the people in Turkey oppose the war, then for the US to pressure the Turkish government to support the war is to undermine democracy. Should the Turkish government answer to its citizens, or to the highest bidder with the biggest guns?
World Bank and International Monetary Fund strangle economies of Third World (tags)
The World Bank’s origins go back to the Bretton Woods conference of July 1944, when leaders from 43 nations assembled to start building the global economy in the aftermath of World War II. U.S. Treasury Secretary Henry Morgenthau, hoping to avoid another worldwide depression, called for creation of institutions that would create “a dynamic world community in which the peoples of every nation will be able to realize their potentialities in peace.”
Debt Relief Still Failing (tags)
Despite the fact that thousands die daily as a result of international debt, a leaked IMF and World Bank report shows that they will refuse to provide significantly deeper and broader debt cancellation for impoverished nations at their Annual meetings this September.
The time has come to learn the truth about how you have been insidiously enslaved to a greedy few scumbags.
Awake brother and let me tell you a story of how a great people became slaves to a few greedy weazels.
Bono, the New Poster Boy for Globalization (tags)
NPR State Radio just aired a report stating that Bono of the band U2 agrees with the conditions that the IMF and the World Bank set before an already raped and pillaged nation can get a loan.
Nigeria Thumbs Nose at IMF, Globalization (tags)
A victory for the anti-globalization movement! Nigeria has announced it will withdraw from the IMF and underscored the move by slapping big tariffs on foreign goods. Let's show them our support by buying Nigerian!
IMF's four steps to damnation (tags)
How crises, failures, and suffering finally drove a Presidential adviser to the wrong side of the barricades The IMF riots (and by riots I mean peaceful demonstrations dispersed by bullets, tanks and tear gas) cause new flights of capital and government bankruptcies This economic arson has its bright side - for foreigners, who can then pick off remaining assets at fire sale prices.
Third World Debt Deemed Illegal (tags)
People's Tribunal on the Debt in Porto Alegre finds $1.8 trillion in debt illegal; World Bank, IMF & other lenders guilty of genocide
Alert! IMF in DC Jan 14-17! (tags)
The IMF is meeting in DC Jan 14-17! Last minuite date change!
LIFE AND DEBT Goes Nationwide (tags)
LIFE AND DEBT /*** (Not rated) October 26, 2001 New Yorker Films presents a documentary produced and directed by Stephanie Black. Narration written by Jamaica Kincaid. Running time: 86 minutes. No MPAA rating.
Call To Action Against the WB/IMF and G20 in Ottawa (tags)
Global Democracy Ottawa (GDO), has issued a Call To Action against the upcoming meetings of the World Bank, the IMF and the G20 to be held in Ottawa. GDO is working on housing, legal, medical and food resources for any groups planning on coming to Ottawa.
IMF, World Bank May Cancel Meetings(AP) (tags)
Officials at the International Monetary Fund and the World Bank said Wednesday they are considering cancellation of their annual meetings this month because of the terrorist attacks in New York and Washington.
Coalition Protesting Policies of World Bank and IMF Lays Out 4 Key Demands... (tags)
Between The Lines' Scott Harris spoke with Robert Naiman, senior analyst with the Center for Economic and Policy Research, currently working with the Mobilization for Global Justice, who lays out the demands of labor, environmental, and human rights groups coming to Washington, D.C. the last week in September.
MGJ: WORLD BANK AND IMF RETREAT (tags)
"It does not matter to the impoverished people of the world and our collective global environment whether the World Bank and IMF meet for six days, five days, two days, or not at all. What matters is the devastating impacts of these institutions' policies on the impoverished and on the environment upon which we all depend for life."
Colombians protest IMF policies (tags)
Workers and students have joined forces in Colombia to protest strucuture adjustment programs being imposed by the International Monetary Fund.
All The Facts That Fit: Columns By Two NY Times Pundits Picked Apart [Part 2] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor, ignoring several decades of Third World resistance and IMF riots in response to cruel and deadly neoliberal policies. Part One of this article recalled several decades of Third World resistance and IMF riots. Part Two criticizes other elements of Tom Friedman's column.
All The News That Fits: Columns By Two NY Times Pundits Picked Apart [Part 2] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor, ignoring several decades of Third World resistance and IMF riots in response to cruel and deadly neoliberal policies. Part One of this article recalled several decades of Third World resistance and IMF riots. Part Two criticizes other elements of Tom Friedman's column.
All The News That Fits: Columns By Two NY Times Pundits Picked Apart [Part 2] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor, ignoring several decades of Third World resistance and IMF riots in response to cruel and deadly neoliberal policies. Part One of this article recalled several decades of Third World resistance and IMF riots. Part Two criticizes other elements of Tom Friedman's column.
All The News That Fits: Columns By Two NY Times Pundits Picked Apart [Part 2] (tags)
Coinciding with the anti-FTAA demonstrations in Quebec, two NY Times columnists lambasted the demonstrators as enemies of the poor, ignoring several decades of Third World resistance and IMF riots in response to cruel and deadly neoliberal policies. Part One of this article recalled several decades of Third World resistance and IMF riots. Part Two criticizes other elements of Tom Friedman's column.
Buenos Aires against the IMF (tags)
More than 600 students and left-wing organizations marched all around the city of buenos aires in support of Prague demonstrations