Tag: IMF
Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the…
Why is Argentina Entering into a New Economic Crisis?
CEPR co-director Mark Weisbrot lays out the roots of Argentina’s latest economic crisis, which have to do with the government’s massive foreign borrowing spree, deepening austerity measures, and rising Federal Reserve interest rates Visit https://therealnews.com…
US Government Setting the Terms for Argentina’s Bailout?
In a rare admission, Trump’s economic advisor Larry Kudlow admits to the US government’s involvement in bailing out Argentina, even though officially it is the International Monetary Fund that is behind the deal. We speak…
Contrary to Popular Belief, IMF Continues to Push Neoliberalism on Countries’ Agricultural Policies
Economics Prof. Lawrence King discusses the new PERI report on loan conditionalities that the IMF imposes when it provides loans and that interfere with food production and encroach on the sovereignty of states battling poverty….
IMF is Back in Business in Latin America – Just as Neoliberal as Always
Following a prolonged loss of influence in Latin America in the first decade of the 2000’s, the International Monetary Fund (IMF) is back again, flexing its muscle in Argentina and Mexico, pushing the neoliberal Washington…
The IMF is at it Again in Argentina’s Economic Crisis
Now that Argentina received the International Monetary Fund’s largest loan ever, of $56 billion, it is recommending more austerity, which, as the data so far shows, will only prolong the country’s economic crisis, says CEPR’s…
Mexico’s Monetary Policy Traps it in Poverty
Prof. Carlo Panico discusses his new report on the use of irresponsible monetary policy, which causes a constant decline in public investment. Mexico has emerged from a series of financial crises, and yet the policy…
Neoliberal Policies Are Tanking the Argentine Economy
Even with the IMF’s largest loan ever, Argentina cannot seem to avoid rising unemployment, high inflation, and recession. CEPR’s Mark Weisbrot explains that this is because they are following the usual failed neoliberal recipe Subscribe…
Ecuador Takes Harmful IMF Loan, Even Though it Doesn’t Need it
According to an analysis of the Center for Economic and Policy Analysis, Ecuador’s recent IMF loan of $4.2 billion comes with strings that will hurt economic growth. Ecuador doesn’t even need the loan, says the…
Ecuadorian Protests Intensify as President Flees Capital, Blames Venezuela
Shortly after the government of President Lenin Moreno announced new IMF-imposed austerity measures and price increases, protests against the government, uniting workers, students, and indigenous movement escalated in the capital of Quito this week. Subscribe…
Ecuador’s Strike is a Class Struggle, Not an Endorsement of Previous Government
On the second week of massive protests in Ecuador, thousands of indigenous protesters paralyzed the country and thousands more arrived in the capital of Quito, where they marched and eventually faced martial law. They reject…
Ecuadorian Government Withdraws IMF Decree After 11 Days of Protests and State Repression
President Lenin Moreno’s government withdrew the neoliberal program which had sparked the massive protests. Indigenous groups remain wary, though, in case the government implements new austerity measures. Subscribe to our page and support our work…
US Sanctions Undermine Coronavirus Response In Iran and Venezuela
Economic sanctions were already a serious blow to Iran and Venezuela’s hospital capacity. The Trump administration’s determination to increase them could make it even harder for the two countries to contain the virus. Producer: Gregory…
How The IMF Can Help The Global South Cope With Imminent Economic Crisis
The International Monetary Fund has a rarely used mechanism that could alleviate the economic crisis faced by the Global South in the wake of COVID-19. Director/Video Editor: Bababtunde Ogunfolaju Chase Producer: Genevieve Montinar Subscribe to…
#EndSARS protests: Nigerians reject US imperialism
Abiodun Aremu is secretary of the Joint Action Front, a coalition of Nigerian pro-labor civil society organizations. He joins Jacqueline Luqman from Lagos, Nigeria, to explain how #EndSARS is a rejection of neoliberalism, militarism, and…
Greek workers want to overthrow their government after a train crash
On Feb. 28, 2023, two trains traveling along the same track collided in Greece, killing 57 people—many of them students in their teens and 20s returning home from university in Athens. The deaths of 11…
‘A new form of colonization’: Argentinian workers confront the IMF
The International Monetary Fund (IMF) and World Bank have a long history of plunging Global South nations into unsustainable cycles of debt. For Argentina, this process has been ongoing for decades, and is now reaching…
