This report points out the horrendous record of the IMF and the World Bank dating back 50 years.
Today it presents the same ridiculous formula to the Global South: cut social programs and pay your debts on time with money it doesn’t have. The report gives contemporary examples of these financial institutions’ treatment of Pakistan and Sri Lanka. The end of the report provides a bullet lists of steps that could be taken to help the Global South. Russia’s and China’s arrival have come not a moment too soon.
Read in Dissident Voice
