Imf And World Bank Quotes & Sayings

I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition. — Joseph E. Stiglitz

P. C. Bhattacharya was the first non-ICS man to be appointed to the job and he had a soft ride. But in what would cause a major uproar today in Parliament and in the media, when the rupee was devalued by a huge 36 per cent in 1966, he was merely informed. The decision had been taken by Indira Gandhi in March that year when she visited the United States and met the representatives of the World Bank and IMF. But she kept it to herself till June. Even the finance minister didn't know, let alone the poor RBI governor. — T.C.A. Srinivasa Raghavan

The Muslim leaders swallow the advice of the Western powers and bodies like the IMF and World Bank, even when it is bad for their countries and they know this. — Abu Bakar Bashir

I do wish that the IMF and the World Bank would disappear soon. — Hugo Chavez

In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption. — Noam Chomsky

Earning money from, and supporting, a system that keeps these people in poverty in the first place and then gives them some of the profits in the form of "strings-attached" aid or World Bank and IMF loans is no more ridiculous than Shell or Esso giving Greenpeace or Friends of the Earth £10,000 to help clear up the destruction that they inevitably cause. Would it not be better not to cause the destruction in the first place? — Mark Boyle

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO. — Jose Saramago

Conservatives believe that international institutions such as the United Nations are anti-American and anti-Israeli cabals. Progressives do not like the economic medicine that the International Monetary Fund (IMF) and World Bank force down the throats of developing countries. — Michael Ignatieff

It is often believed that, as long as we're the economic powerhouse of the world and have a huge military advantage, we can control the world by "owning" international organizations like the United Nations, NATO, the IMF, and the World Bank. These international organizations may also be used as a means to get around congressional oversight and restrictions that Congress and the people might prefer. To a degree, that control has been achieved. But now that the US is the largest debtor nation in the world and in all history, the days of military and economic supremacy are numbered, as are the days of dollar hegemony. — Ron Paul

We do have some assistance from the World Bank but not from the IMF. We are not borrowing yet, but we are considering, in the future, borrowing from the Kuwait Fund to support our infrastructure development. — Jose Ramos-Horta

The United States has given frequent and enthusiastic support to the overthrow of democracy in favor of "investor friendly" regimes. The World Bank, IMF, and private banks have consistently lavished huge sums on terror regimes, following their displacement of democratic governments, and a number of quantitative studies have shown a systematic positive relationship between U.S. and IMF / World Bank aid to countries and their violations of human rights. — Edward S. Herman

Marcia Wilson was a good example of Omega's core strategy for creating a New World Order. It involved placing their people, or moles, in positions of power within the CIA, the NSA, the Pentagon, the White House and global organizations like the UN, the IMF and the World Bank. This enabled Omega to pull some of the strings of these organizations and to direct American, and world politics, to an extent. — James Morcan

We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic. — Dennis Kucinich

During the past quarter of a century, most developing countries have liberalized trade to a huge degree. They were first pushed by the IMF and the World Bank in the aftermath of the Third World debt crisis of 1982. There was a further decisive impetus towards trade liberalization following the launch of the WTO in 1995. During the last decade or so, bilateral and regional free trade agreements (FTAs) have also proliferated.Unfortunately, during this period, developing countries have not done well at all, despite (or because of, in my view) massive trade liberalization, — Ha-Joon Chang

Look at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil. — Michael Hudson