The IMF is showing some hypocrisy on inequality

“I hope people will listen now” said Christine Lagarde, the managing director of the International Monetary Fund (IMF), at the World Economic Forum in Davos last month. Lagarde was alluding to the wave of reactionary populism that’s currently sweeping the developed economies, and was harking back to her speech at Davos in 2013 when she warned that economic “inequality is cor...

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The IMF is hurting countries it claims to help

Mark Weisbrot The fund’s loan agreement with Ecuador will worsen unemployment and poverty Ecuadorian police arrest a protestor during a demonstration against president Lenin Moreno’s austerity measures.  When people think of the damage that wealthy countries – typically led by the US and its allies – cause to people in the rest of the world, they probably think of warfare. H...

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