Category Archives: International Monetary Fund (IMF)

The Discreet Charm of the IMF: Considerations of Class Power in Argentina

Aldeilis (EN) Posted on 7. November 2019 by

In Buñuel’s masterwork, the bourgeoisie affect to live apart from the swamp of political discord, sailing merrily past on a carpet of propriety and shared luxury. Yet they are again and again foiled in their efforts to exile the messiness of the political from their midst. This is precisely what neoliberal financiers hope to do in Argentina and elsewhere, to smuggle in their extractive policies behind a slew of altruistic platitudes and economic casuistry, hoping the commoners will leave their fates to the experts.

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Greece: Truth Committee on Public Debt – Preliminary Report

Aldeilis (EN) Posted on 13. July 2015 by

All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.

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Game with No Rules: Legal Imperialism against Russia (I)

Aldeilis (EN) Posted on 17. February 2015 by

The term legal imperialism was coined in relation to the Argentina’s public debt. A New York court admitted a number of private claims to hand down a verdict. By a stroke of hand a judge increased the country’s debt up to $120 billion, according to experts’ estimates. The essence of legal imperialism is the support rendered by Anglo-Saxon legal system to financial vultures.

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The Russian Loan and the IMF’s One-Two Punch: Ukraine Denouement

Aldeilis (EN) Posted on 17. February 2015 by

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.

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West’s agri-giants snap up Ukraine

Aldeilis (EN) Posted on 29. January 2015 by

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.

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Dominique Strauss-Kahn says ‘stockpiling’ special drawing right would create a more stable global monetary order

Aldeilis (EN) Posted on 12. July 2011 by

  DSK moots reserves role for SDR   IMF’s Strauss-Kahn says ‘stockpiling’ special drawing right would create a more stable global monetary order   Author: Central Banking Newsdesk Source: Central Banking | 11 Feb 2011 http://www.centralbanking.com/central-banking/news/2025799/dsk-moots-reserves-role-sdr   Dominique Strauss-Kahn, the managing director … Read more . . .