In the deeply undemocratic IMF, where a country’s voting power is tied not to its population size but to the size of its economy, the US effectively holds a veto over any major changes and moulds policies according to its whims.
Tag: IMF (page 1 of 3)
I think that Elon Musk and his Department of Government Efficiency (DOGE) have been misinformed. I don’t disagree with their shutting down USAID, but I think it’s rather small fry. There are much, much bigger fish to fry if you want to really save U.S. government money that is being wasted in programs that are mischievously justified as aid to the poor people of the world.
On the World Day of Social Justice, a high-level global union delegation is holding a two-day meeting with the leadership of the International Financial Institutions (IFIs) to call for economic policies that prioritise workers’ rights, social protection and equitable growth.
says even Foreign Policy, with 5 easy reasonable fixes…
A reform path without linking up to the UN consensus on the future and on development.
ITUC’s statement about the needed reforms:
Looking at the quota system
IMF-Quota-reform_June-2024_online.pdf (brettonwoodsproject.org)
Despite mounting crises, persistent lack of political will to match rhetoric with action remains
This week’s IMF and World Bank Spring Meetings kicked off celebrations marking 80 years since they were created at the Bretton Woods Conference. But instead of moving with the times, the lack of outcomes this week demonstrate just how outdated and ill-equipped these institutions are, making them unable to address the complex realities of the 21st century.
Instead of addressing their structural problems, they have reaffirmed the same failed recipes.
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