Keyword: IMF

The IMF and Trevor Manuel: A Plague on Both their Houses

Picture: World Bank Leonard Gentle - The arrest of Dominic Strauss-Kahn (DSK) on allegations of attempted rape certainly has got tongues wagging. In the Guardian newspaper, French journalist Angelique Chrisafis alleged that DSK “always had a problem with women.” Also writing in the Guardian, Dean Baker, co-director of the Washington DC-based Centre for Economic and Policy Research, notes how ironic it is that the immigrant hotel worker who made the allegations may simply have been dismissed under the “flexible...

Weep Not for Strauss-Kahn

Picture: Parti socialiste Diana Johnstone - French Leftists Should See Silver Lining In a flood of carefully designed public opinion polls, editorials, and books bordering on idolatry, the French communications industry had already settled next year’s presidential election. The loser would be Nicolas Sarkozy, sagging in the polls. The winner would be Dominique Strauss-Kahn, ever on the rise. True, the French Socialist Party had not yet chosen its candidate, and Strauss-Kahn had not yet announced his candidacy, but the party...

Signs of Intelligent Life at the IMF?

Picture: mediafreedominternational.org Dean Baker - Time for a Structural Adjustment of the Central Bankers The International Monetary Fund (IMF) held a conference last week devoted to re-examining macroeconomics in the wake of the economic crisis. This conference was evidence of a Glasnost that would have been unimaginable a decade ago. One of the organizers and speakers was Nobel Laureate Joe Stiglitz, a man who had previously been persona non grata at the IMF after he had trashed the institution in a piece in the New Republic back in 2000....

Argentina's Nestor Kirchner Defied the Creditors and Got Away with It

Picture: Presidency of Argentina Walden Bello - The unexpected death a few days ago of Nestor Kirchner deprived not only Argentina of a remarkable, albeit controversial leader. It also took away an exemplary figure in the Global South when it came to dealing with international financial institutions. Kirchner defied the creditors. More importantly, he got away with it.  The Collapse The full significance of Kirchner’s moves must be seen in the context of the economy he inherited on his election as Argentine president in 2003....

Is the IMF Suited for Its Purpose?

"Has the International Monetary Fund (IMF) lived up to its founding goals or is it just a club for rich countries to dictate growth?" asks Al Jazeera, after the IMF met for its annual meeting in Turkey last week. Two years ago, The IMF was fighting for relevance but has come back with vigour, bolstered by a new role given to it by G20 leaders at the London Summit earlier this year -- to bail out countries affected by the global financial and economic crisis and to play a key role...

Trailer: The Big Sellout

According to California Newsreel, this hard-hitting documentary, The Big Sellout, challenges current economic orthodoxy in contending that the dogmatic claims of the international business establishment for neo-liberal development policies are not supported by modern economic science. More importantly, it dramatically demonstrates how the implementation of these policies is having disastrous consequences for millions of ordinary people around the globe. Traveling throughout both the...