From 2003: IMF Admits Policies Don’t Work

Beastrabban\'s Weblog

I also found this little piece in Lobster 45 for Summer 2003, reporting on a piece in the Independent for the 20th March that year. According to the Indie, the IMF had just published a report concluding that their policies mostly didn’t work. Instead of helping countries with failing economies, the IMF actually made the situation much worse. The article stated

In a paper that will be seized on by IMF critics across the political spectrum, leading officials reveal they can find little evidence of the their own success. Countries that follow IMF suggestions often suffer a ‘collapse in growth rates and significant financial crises’, with open currency markets merely serving to ‘amplify the effects of various shocks.’ Kenneth Rogoff, the IMF chief economist who is one of the report’s authors, called the findings ‘sobering’.

A recent study by the United Nations reported that the 47 poorest countries in the…

View original post 213 more words

Doña Dulcinea

The Sun Shines Behind The Clouds Through The Raindrops Falling On My Head

Socialist Action

In Solidarity With Workers and the Oppressed Everywhere

Richardson Reports

News you can't get anywhere else....

nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

AGR Daily News

Quaker Inspired, Evidence Based, Art And Science Of Sustainable Health Plus Success - How To Create Heaven On Earth - Education For Seventh Generation Rainbow Warriors

Observer

News, data and insight about the powerful forces that shape the world.

Patribotics

Louise Mensch, National Security Journalism

Angry White Men

Tracking White Supremacy

Tina Ngata

Dismantling Frameworks of Domination, Rematriating Ways of Being.

SKWAWKBOX

News, politics, insights, inside information from the left

Mike Rothschild

Conspiracy theory researcher and debunker

caged but undaunted

stanley l cohen

IPNOT GLOBAL

We are a group of grassroots activists from all over the world. Palestine Unites Us. News about Palestine and its supporters worldwide

settler colonial studies blog

A blog for the advancement of settler colonial studies

Longreads

The best longform stories on the web

%d bloggers like this: