This week, the board of governors of the International Monetary Fund (IMF) will gather at its headquarters in Washington DC to reaffirm the Fund’s three-part mandate: financial stability, economic strength, and – as its managing director, Kristalina Georgieva, recently asserted – international solidarity. “I am determined that we will support our members however we can,” Georgieva said of the Fund’s new spirit.
New negotiations over Argentina’s fraudulent and illegitimate foreign debt prompted a rally of tens of thousands denouncing the predatory IMF. Workers all over the world should join their bold stand against imperialism.
Increasing inequality and the climate crisis are pushing the world towards another financial disaster, the International Monetary Fund chief said Friday—a warning, according to one anti-poverty group, that should be taken seriously.IMF managing director Kristalina Georgieva made the remarks in a speech at the Peterson Institute for International Economics in Washington, D.C.
President Lenin Moreno’s government withdrew the neoliberal program which had sparked the massive protests. Indigenous groups remain wary, though, in case the government implements new austerity measures.