Decades of IMF interventions have locked African nations into cycles of debt, austerity, and economic dependency, stifling real development while reinforcing neocolonial control over the continent’s financial sovereignty.
Tag: IMF (page 1 of 3)
and their relative voting power:
As the International Monetary Fund (IMF) and World Bank gather for their 2025 Spring Meetings under the theme “Jobs – the Path to Prosperity”, global unions are raising the alarm over the return to austerity policies that undermine prosperity and decent work.
- Review risks repeating past failures, with austerity-driven policies worsening inequality and economic hardship
- Civil society criticism highlights a lack of meaningful consultation, raising doubts about prospects of genuine reform
The IMF’s 2025 Conditionality Review: a test of reform or repeat?
In search of the invisible hand of markets!
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.
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…
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