International Monetary Fund

US Government Setting the Terms for Argentina's Bailout?

US Government Setting the Terms for Argentina’s Bailout?

September 27, 2018

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 to CEPR’s Mark Weisbrot about the implications

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

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

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 Credibility Takes Hit After Managing Director Found Guilty of Criminal Negligence

December 19, 2016

Economist James Henry says the ruling is a slap on the wrist for Lagarde, who is now the third director in a row convicted of a crime

Is the IMF’s Neoliberal Base Unraveling?

August 7, 2016

Former financial regulator Bill Black discusses the significance of the criminal charges faced by IMF head Christine Lagarde and its economists preaching stimulus over austerity

Why Bankers and Financiers Benefit from Low Inflation Policy

July 5, 2016

PERI’s Gerald Epstein explains why financial institutions like the IMF promote fiscal policy that reduces investment, economic growth, and employment

The Top Three Economic Stories of 2015

December 31, 2015

UMKC’s Michael Hudson breaks down how the increasing wealth gap, suppression of wages, and IMF rule changes are creating a battle between the classes