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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Coronavirus: Developing economies are getting crushed – here’s why their rich neighbors should help them

The entire global community is now facing the unprecedented triple crisis of a global health pandemic, economic recession and global financial meltdown – and the fates of rich and poor countries have never been so intertwined. Commodity prices are collapsing, international trade is slowing and many developing countries that were already in distress are on the edge of full-bl...

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How the IMF Keeps Sub-Sahara Africa in Poverty

Daniel J. Mitchell A couple of months ago, I thought I did something meaningful by sharing six separate examples of the International Monetary Fund pressuring sub-Saharan African nations to impose higher tax burdens. This was evidence, I suggested, that the IMF had a disturbing agenda of bigger government for the entire region. I didn’t imply the bureaucrats were motivated ...

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