IMF

Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

July 23, 2018

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 rest of the population, says the economist Michael Hudson

Emerging Market Meltdown Could Undermine Oil Rally

May 31, 2018

By Nick Cunningham / Oilprice.com Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily mean higher oil prices are entirely out of the question, and in fact, the oil market is still faced with…

Argentina Turns to IMF, Despite Already Implementing a Neoliberal Program

May 10, 2018

President Mauricio Macri of Argentina is negotiating a $30 billion credit line with the IMF. The currency is devaluing rapidly and the government introduced a 40% interest rate to stop the slide. Now it turns to the IMF – as a cover for even harsher neoliberal measures? We speak to CEPR’s Mark Weisbrot

IMF Says 2018 Economic Outlook is Rosy, But Austerity is Still Good

April 19, 2018

The IMF just released a positive World Economic Outlook report for 2018. Still, in order to make sure that the outlook remains good, the IMF makes recommendation that would lead to recession, says CEPR’s Mark Weisbrot

After the 2008 Financial Crisis, a State of 'Productive Incoherence'

April 9, 2018
Some aspects of the global financial landscape have not changed since the 2008 financial crisis, while other aspects have changed in very important ways, leading to “a very messy kind of uneven process of change that has really been catalyzed by the global financial crisis,” says economics professor Ilene Grabel

Greece Needs a ‘Clear Exit’ from ‘Constant Monitoring’

April 8, 2018

The constant dependence on international financial institutions has created a loss of financial sovereignty for Greece. Syriza is working hard to no longer need these institutions so the country might regain its independence, says Ioannis Bournous of Syriza’s political secretariat

IMF’s Structural Adjustment Programs Weaken States They Aim to

February 26, 2018

A new paper from the Political Economy Research Institute discusses how the IMF’s programs undermine the ability of governments in developing countries to properly govern

IMF Worried that High Inequality Could Threaten Global Capitalism

October 27, 2017

All income growth of the past few years is going to the top 10 percent, without paying more in taxes. IMF says that higher taxation of the top earners would not impinge on economic growth, explains economist Michael Roberts

IMF’s Concern with Equality Not Reflected in Its Policy Recommendations

October 23, 2017

Recently the IMF’s analyses have shown greater concern about the dramatic rise in inequality, but its policy recommendations make the problem worse, explains economist Mark Weisbrot of CEPR