Quotes & Sayings About The International Monetary Fund

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

Of course, women are capable of all sorts of major unpleasantness, and there are violent crimes by women, but the so-called war of the sexes is extraordinarily lopsided when it comes to actual violence. Unlike the last (male) head of the International Monetary Fund, the current (female) head is not going to assault an employee at a luxury hotel; top-ranking female officers in the US military, unlike their male counterparts, are not accused of any sexual assaults; and young female athletes, unlike those male football players in Steubenville, aren't likely to urinate on unconscious boys, let alone violate them and boast about it in YouTube videos and Twitter feeds. No female bus riders in India have ganged up to sexually assault a man so badly he dies of his injuries, nor are marauding packs of women terrorizing men in Cairo's Tahrir Square, and there's no maternal equivalent to the 11 percent of rapes that are by fathers or stepfathers. — Rebecca Solnit

When we speak of confronting Empire, we need to identify what Empire means. Does it mean the US government (and its European satellites), the World Bank, the International Monetary Fund, the World Trade Organisation (WTO), and multinational corporations? Or is it something more than that? — Arundhati Roy

I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news. — Tim Harford

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

The most powerful bodies in the world, the World Trade Organization, the World Bank, and the International Monetary Fund, are also the least democratic and inclusive. — Anita Roddick

The management of the New York fiscal crisis pioneered the way for neoliberal practices both domestically under Reagan and internationally through the IMF (international monetary fund) in the 1980s. It established the principle that in the event of a conflict between the integrity of financial institutions , on one hand , and the well-being of the citizens on the other, the former was to be privileged .it emphasized that the role of the government was to create a good business climate rather than look to the needs and well-being of the popualtion at large. — David Harvey

In 1980 the Latin American nations collectively were receiving from their external creditors - major banks, the International Monetary Fund, the World Bank - about $11 billion more than they were losing in capital transfers back to wealthy-nation interests. But by 1985 these nations would be losing $35 billion more a year in capital transfers to North America and Europe than they received in loans and investments.41 — Laurie Garrett

I don't think anyone sets out to malign poor people but certainly that's what we do through organizations such as the World Trade Organization, the World Bank and the International Monetary Fund. — Bob Geldof

Nicaragua is a World Bank and International Monetary Fund designated 'heavily indebted poor country,' with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable. — Tony D'Souza

The dirty little secret is that both houses of Congress are irrelevant ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF] ... when the president decides to go to war, he no longer needs a declaration of war from Congress. — Robert Reich

Here are the folks that are involved in this New World Order: The United Nations [ ... ] the World Council of Churches [ ... ] the Council of Foreign Relations, the Trilateral Commission, the Bilderbergers [ ... ] the International Monetary Fund [ ... ] the Club of Rome, the communists, the socialists, the National Education Association [ ... ] the NOW organisation, the ACLU, the Masonic Lodge. — Kent Hovind

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

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real. — James Surowiecki

The mere existence of sanctions is not sufficient to ensure compliance. If no attention is paid to supervision, there is a risk that sectors that resist the requirements will not comply with them or will comply less thoroughly than they should. Regular and thorough supervision enhances compliance. — International Monetary Fund

The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'. — Arundhati Roy

I have no regrets - in fact, I am pleased to have expelled the US ambassador, the Drug Enforcement Administration (DEA) and to have closed the US military base in Bolivia. Now, without a US ambassador, there is less conspiracy, and more political stability and social stability. Without the International Monetary Fund, we are better off economically. — Evo Morales

The International Monetary Fund basically acted as the world's debt enforcers - "You might say, the high-finance equivalent of the guys who come to break your legs." I launched into historical background, explaining how, during the '70s oil crisis, OPEC countries ended up pouring so much of their newfound riches into Western banks that the banks couldn't figure out where to invest the money; how Citibank and Chase therefore began sending agents around the world trying to convince Third World dictators and politicians to take out loans (at the time, this was called "go-go banking"); how they started out at extremely low rates of interest that almost immediately skyrocketed to 20 percent or so due to tight U.S. money policies in the early '80s; how, during the '80s and '90s, this led to the Third World debt crisis; how the IMF then stepped in to insist that, in order to obtain refinancing, poor countries would be obliged to abandon price supports on — David Graeber

But what will happen, and I got this from reliable sources, is that the International Monetary Fund will skedaddle from D.C., possibly to Singapore or Beijing, and then they're going to make an IMF recovery plan for America, divide the country into concessions, and hand them over to the sovereign wealth funds. Norway, China, Saudi Arabia, all that jazz. — Gary Shteyngart