Tag: International Monetary Fund

The Lying IMF

Alternative sources of financing are beginning to empower poorer nations in the Global South to pursue projects grounded in genuine development theory, writes Vijay Prashad.

Phony ‘Corruption’ Excuse for Ukraine Coup

Exclusive: The U.S.-backed “regime change” in Ukraine — launching the New Cold War with Russia in 2014 — was rationalized by the need to rid Ukraine of corruption, but post-coup officials are busy lining their pockets, reports Robert Parry.

Flattering the Dead Saudi King

Though Saudi King Abdullah was a repressive leader at home who contributed to political and sectarian violence across the Middle East, his death is mourned by Western leaders who were dependent on his vast ocean of oil and his vaults…

Argentina v. the Hedge Funds

Exclusive: A battle between Argentina and U.S. hedge funds, which gambled on the country’s defaulted bonds, is raising questions about how far U.S. courts can go in requiring governments to pay and whether developing nations can defy the U.S.-dominated financial system, reports…

A People’s War in East Ukraine

Ukraine’s Western-backed coup regime in Kiev has launched an offensive against ethnic Russians in the east while a pro-regime mob used fire to kill some 31 anti-regime protesters in Odessa. Virtually all U.S. pundits favor the coup regime, but Daniel…

Ukrainians Get IMF’s Bitter Medicine

Exclusive: Though lacking legitimacy from national elections, Ukraine’s coup regime has approved a harsh IMF austerity plan that hits Ukraine’s “99 percent” the hardest and asks little from the country’s “1 percent,” including the corrupt “oligarchs,” reports Robert Parry.

Spanish Protests Lose Their Way

The popular protests across Spain gave voice to national indignation over the political/economic system, but the result of regional elections was only to shift power from the Socialists to the center-right Partido Popular. Spanish writer Pablo Ouziel says that outcome…