Tag: IMF
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The IMF and Class Struggle in Latin America: Unveiling the Role of the IMF
By David Barkin and Juan Santarcángelo in Monthly Review Online, 1 May 2024 Mainstream economics posits that the path to prosperity for developing countries is achieved through the implementation of a set of “free market” policies, which, among its principal measures, advocates for economic openness, market deregulation and liberalization, and privatization of public enterprises. Despite empirical evidence…
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The IMF and the Argentinian Right
C. P. Chandrasekhar, January 25, 2024 On January 10, the IMF announced its decision to release $4.7 billion out of a $57 billion bailout package sanctioned in 2018 to perennially debt-distressed Argentina, then under a right-wing government headed by Mauricio Macrio. That surprised some. Going by the IMF’s stated ‘principles’, the disbursal should not have…
