The fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: that of international finance. Kiev is broke, having depleted its foreign reserves on waging war that has destroyed its industrial export and coal mining capacity in the Donbass (especially vis-à-vis Russia, which normally has bought 38 percent of Ukraine’s exports). Deeply in debt (with €3 billion falling due on December 20 to Russia), Ukraine faces insolvency if the IMF and Europe do not release new loans next month to pay for new imports as well as Russian and foreign bondholders.Read more . . .
As unusual as it may seem, the appointment of Natalie Jaresko, a US-born and educated businesswoman, is consistent with what looks more like a takeover of the Ukrainian economy by Western interests. In two reports – “The Corporate Takeover of Ukrainian Agriculture” and “Walking on the West Side: The World Bank and the IMF in the Ukraine Conflict” – the Oakland Institute has documented this takeover, particularly in the agricultural sector.Read more . . .
IMF Sponsored “Democracy” in The Ukraine by Michel Chossudovsky www.globalresearch.ca 28 November 2004 The URL of this article is: http://globalresearch.ca/articles/CHO411D.html Opposition candidate Viktor Yushchenko in the Ukrainian presidential elections is firmly backed by the Washington Consensus. He is not only … Read more . . .
The World Bank’s strategy in the electric power sector by Elias Davidsson(Raw Materials Report, Vol. 5 No. 1 (1986)) The article first describes and analyses the context in which the National Power Company was established and its legal structure. It … Read more . . .
Lagos Dissents Under IMF HegemonyNigeria : The Next Front for AFRICOM By Nile Bowie January 08, 2012 “Information Clearing House” — On a recent trip to West Africa, the newly appointed managing director of the International Monetary Fund, Christine Lagarde … Read more . . .
Is the IMF Irredeemably Irrelevant? Commentary by Paranjoy Guha Thakurta NEW DELHI, Dec 8, 2006 (IPS) – Has the International Monetary Fund (IMF) become completely irrelevant? Is this world body, set up more than six decades ago to foster global … Read more . . .
IMF macroeconomic advice: “thanks, but no thanks? News|Bretton Woods Project|23rd November 2006|update 53|url The IMF?s ability to dictate economic policy to member states is fraying because of lost credibility in the wake of its failures in East Asia, Argentina and … Read more . . .
Research, knowledge and the art of “paradigm maintenance? The World Bank's development economics vice-presidency (DEC) At Issue|Robin Broad|20th November 2006|update 53|url A shorter, fully-formatted PDF version of this briefing is also available. Robin Broad, professor in the School of International … Read more . . .
Bank and Fund in-roads into Iraq News|Bretton Woods Project|23rd January 2006|update 49|url As the World Bank and IMF ratchet up efforts to plough money into Iraq’s reconstruction, civil society groups call for greater national and international scrutiny over crucial reforms … Read more . . .
Leopard doesn’t change its spots Moves to usher in a globalized neo-liberal economic framework are being pursued by such international institutions as the IMF, OECD and WTO. A recent address by IMF deputy managing director Stanley Fischer dwelling on a … Read more . . .
THE SIENA DECLARATION On the Crisis of Economic Globalization Siena, Italy, September, 1998 In the midst of the rapidly growing global financial crisis that has already reached unprecedented proportions, the following statement was prepared by the Board … Read more . . .
Malaysia institutes radical exchange, capital controls In explaining his government’s decision to impose wide-ranging exchangecontrols, Malaysian Prime Minister, Dr Mahathir bin Mohamad, has declaredthat it was a last resort to limit his country’s exposure to speculators andfinancial turmoil, in view … Read more . . .
Global Finance: Dismantle or Reform?Produced by Kirsten GarrettSunday 30/05/1999 Summary: ON-AIR PROMO: The bad news is that many economic soothsayers are saying that modern wall street capitalism has serious, inescapable problems. The good news is that, for reasons that defy … Read more . . .