The IMF and the Bank would like the global South to believe that they are indispensable. They are not.
How the IMF and World Bank Turned a Pandemic into a Public Relations Stunt
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International Financial Institutions
Does Corruption Create Poverty?
The issue of corruption resonates in developing countries. In the Philippines, for instance, the slogan of the coalition that is likely to win the 2010 presidential elections is “Without corrupt officials, there are no poor people.”
The Commodities Bubble
For those following economic trends, the past 18 months are notable primarily for two reasons. First, the U.S. housing market, long seen as overvalued by alternative economists and even powerful economic institutions including the International Monetary Fund (IMF), finally went from boom to bust. Over the span of a few months, housing in some markets depreciated by as much as 30%, and some economists estimate that losses may ultimately reduce value by as much as 50% in some cities.