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International Monetary Fund

Social Security Protests in Nicaragua

May 3, 2018 - 2:00pm

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For more than a week, Nicaragua was convulsed in protests that were met with heavy-handed repression that has reportedly left at least 30 dead. Tear gas. Rubber bullets. Live ammunition. Barricades and burning buildings. Daniel Ortega, the revolutionary Sandinista leader -- and president for the past 11 years -- "is suddenly facing a revolution of his own," The New York Times reported. 

IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks' Capital

December 8, 2017 - 2:05pm
IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks' Capital

The IMF released a new analysis on the instability stability of the Chinese financial system. Speaking to the media in an online briefing, some of the insights from Ratna Sahay, deputy director of the IMF’s Monetary and Capital Markets Department, hardly advanced our knowledge much.
Sahay noted that “Risks are large. Having said that, the authorities are really aware of risks and they are working proactively to contain these risks.”

Michael Hudson: America's Monetary Imperialism

December 1, 2017 - 4:40pm
Michael Hudson: America's Monetary Imperialism

Authored by Michael Hudson via Counterpunch.org,
In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and “foreign aid” (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity.

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