Adonis Diaries

International Monetary Fund (IMF) was Not set up to give any priority: to the needed people A tool for “Moral Entity” of multinational financial conglomerates

Posted on: May 13, 2020

IMF was Not set up to give the people any priority: A tool for “Moral Entity” of multinational financial conglomerates

https://www.facebook.com/LebanonSupport/posts/3130843070281048

“In the history of the IMF, the people have never been a priority” says Juan Valerdi, previous advisor to the Central Bank and professor of macroeconomics at the University of La Plata, Argentina, in our latest #DebunkingIMF video.

Since this joint campaign with ANND started, we have managed to bring nuance to the public discourse on IMF bailout programmes and to highlight their high social costs and negative impact.

Watch the video for more of Prof. Valerdi’s insights, based on the Argentine experience with the IMF.

The latter have notably protected local oligarchies and funded capital flights – issues that are strikingly similar to those of Lebanon – which thus contributes to maintaining the status quo rather than provide solutions  to the needed poorer classes.

Note: Argentina, like Lebanon, is being squeezed by the US and Israel in order to permit easy immigration of Jews to greener pastures, such as Patagonia.

Actually, Patagonia has been the prime destination of middle class Israelites, fleeing this tiny and inhospitable Palestine.

For more on our stance regarding international bailout programmes, refer to this post: https://www.facebook.com/LebanonSupport/posts/3130843070281048

Arab NGO Network for Development Universidad Nacional de La Plata | UNLP

1 Response to "International Monetary Fund (IMF) was Not set up to give any priority: to the needed people A tool for “Moral Entity” of multinational financial conglomerates"

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