Tag Archives: IMF

Ukraine | Ukraine: frustration for the Euromaidan coalition as Poroshenko regime endures another year

by Peter Mikhailenko

The situation in Ukraine four years after the Euromaidan overthrow of the Yanukovitch government could not be worse from the point of view of the masses. Brutal, IMF-inspired cuts in social spending, curtailment of freedom of expression and widespread corruption dominate the scene. So bad is the situation that even Western imperialists have started to openly voice criticism of the Poroshenko regime, which they backed and helped to install.

IMF Ukraine programme’s impact on women’s rights criticised at Human Rights Council

In May the Geneva-based Women’s International League for Peace and Freedom (WILPF) submitted a written statement to the UN Human Rights Council addressing the impacts of IMF macro-economic reform programmes on women’s rights in Ukraine. The statement outlined various ways in which the recent IMF-demanded Ukrainian economic reforms (see Observer Spring 2015 and Winter 2016), have “violated women’s economic and social rights and contributed to the feminisation of poverty and deepening of gender inequalities”. WILPF pin-pointed three specific IMF policy conditions, fuel subsidy cuts, cuts to the public sector and tax policies, as having significant gendered impacts.

Morales Declares ‘Total Independence’ from World Bank and IMF

July 22

Bolivia’s President Evo Morales has been highlighting his government’s independence from international money lending organizations and their detrimental impact the nation.

“A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established,” Morales tweeted. “These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them.”

Greece | Why Greece is Germany’s ‘de facto colony’

For days, the Greek leader has been working the phones, trying to secure the best possible terms for his country as it enters the last mile of its seemingly endless cycle of bailouts. So far, his efforts have won him more mockery than respect — especially in Germany.

Ukraine | IMF demands pension cuts as condition for further loans to Ukrainian government

Ukrainian Finance Minister Oleksandr Danyliuk says that Ukraine will not receive a new disbursement from the International Monetary Fund (IMF) if it does not conduct pension reform.

“There are some key conditions for receiving the next tranche. Pension reform is very important. There will be no disbursement without the pension reform,” he said during debates at Hudson Institute, Washington, D.C., when answering a question about conditions for the next tranche under the IMF’s Extended Fund Facility (EFF).