Ten reasons to oppose the IMF
- The IMF has created an immoral system of
modern day colonialism that SAPs the poor
- The IMF serves wealthy countries and Wall
Street
- The IMF is imposing a fundamentally flawed
development model
- The IMF is a secretive institution with no
accountability
- IMF policies promote corporate welfare
- The IMF hurts workers
- The IMF's policies hurt women the most
- IMF policies hurt the environment
- The IMF bails out rich bankers, creating a
moral hazard and greater instability in the global economy
- IMF bailouts deepen, rather than solve,
economic crisis
http://www.globalexchange.org/resources/wbimf/oppose
The IMF forces countries from the Global South to prioritize export production over the development of diversified domestic economies. Nearly 80 percent of all malnourished children in the developing world live in countries where farmers have been forced to shift from food production for local consumption to the production of export crops destined for wealthy countries.
BeantwoordenVerwijderenThe IMF also requires countries to eliminate assistance to domestic industries while providing benefits for multinational corporations -- such as forcibly lowering labor costs. Small businesses and farmers can't compete. Sweatshop workers in free trade zones set up by the IMF and World Bank earn starvation wages, live in deplorable conditions, and are unable to provide for their families. The cycle of poverty is perpetuated, not eliminated, as governments' debt to the IMF grows.
To increase exports, countries are encouraged to give tax breaks and subsidies to export industries. Public assets such as forestland and government utilities (phone, water and electricity companies) are sold off to foreign investors at rock bottom prices.
www.globalexchange.org/resources/wbimf/oppose