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International Monetary Fund

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Lebanon’s bankruptcy deliberately caused by IMF under Christine Lagarde’s watch

8 October 2021

According to the Swiss Le Temps, the Lebanon Central Bank had known since 2016 that the country was headed toward bankrupcy [1]. Sensitive information was covered up by the International Monetary Fund (IMF) at the request of Riad Salameh. So, inexorably, the predicted disaster came to pass.
On (…)

IMF trying to prevent the Marshall Islands from adopting a crypto currency

11 November 2018

On 26 February 2018 the Parliament of the Republic of the Marshall Islands passed the Declaration and Issuance of the Sovereign Currency Act 2018, adopting in principle a crypto currency. An Israeli company called Neema would be tasked with creating this crypto currency for the Marshall Islands. (…)

US Congress gives in and passes the IMF quotas reform

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 7 January 2016

Apparently the year 2015 marks the beginning of the new IMF interior revolution. First the incorporation of the yuan into the SDR’s was approved, the reserve basket created in 1969 to serve as a supplement of member nations’ official reserves. And now, thanks to approval from the US Congress, (…)

International Monetary Fund For Rescuing Ukraine

by Mikhail Leontyev

Moscow (Russia) | 15 December 2015

International Monetary Fund has drastically changed its basic requirements for all debtor-countries with the sole purpose - to give Ukraine opportunity not to repay the debt to Russia.

The yuan will be the third most powerful currency in the IMF basket

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 10 December 2015

In spite of the fierce opposition of the US treasury Department, on November 30 the IMF finally approved the inclusion of the yuan in the Special Drawing Rights, the currency basket created in 1969 to complement the official reserves of the members of the multilateral organization. With this the (…)

China’s defiance before the IMF

Incorporate the yuan into the Special Drawing Rights

by Ariel Noyola Rodríguez

Mexico City (Mexico) | 12 April 2015

Despite US opposition, the global rise of the yuan has become unstoppable. In the light of IMF reunions, the Chinese government is now looking for a way to incorporate the yuan into the Special Drawing Rights, which is a crucial step in order to convert it into a global reserve currency.

"THE ART OF WAR"

Economy as a weapon

by Manlio Dinucci

Rome (Italy) | 18 March 2014

The heavy debt of Ukraine is a catastrophe for the European Union, which will have to take it on at least partially, but it is a boon to Washington: Kiev will be forced to comply with all the IMF demands and to privatize what can still be privatized, for the greater good of corporations.

FMI reform postponed

27 January 2014

Touted as a major headway towards a more equitable economic system, the IMF voting rights reform was not adopted, for lack of a quorum.
It is obvious that the United-States, with a blocking minority at their beck and call, have obstructed the reform they had purportedly promoted.
The project (…)

"Before our very eyes"

The Cypriot Pawn

by Thierry Meyssan

Moscow (Russia) | 25 March 2013

Washington was quick to use the financial crisis in Cyprus to implement a strategy for capturing capital described three weeks ago in these columns [3]. With the help of the Managing Director of the International Monetary Fund, US comprador Christine Lagarde, the American leadership challenged (…)

BRICS prepares world banking revolution

28 February 2012

BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands redistribution of quotas in the International Monetary Fund in the near future and (…)

An open letter to international public opinion

The truth about Greece

by Míkis Theodorákis

Athens (Greece) | 25 February 2012

Composer and resistance icon Mikis Theodorakis lambastes the joint strategy devised by Greek politicians and financial institutions with the objective of pillaging the country. He explains how Greece was gradually put under IMF tutelage by Dominique Strauss-Khan and former Prime Minister (…)

Part 1

The Geopolitical Stakes in Nigeria: The Curious Role of the IMF

by F. William Engdahl

Frankfurt (Germany) | 28 January 2012

The United States is continuing its penetration and stranglehold of Africa one country after another, while attempting to keep China at bay. As Nigeria spirals into instability, historian and geopolitical analyst F. William Engdahl argues that a recent government decision to lift subsidies on (…)

Argentina Demands Credit Agency Reform at UN

22 September 2011

The need to reform multilateral credit bodies, particularly the International Monetary Fund, was highlighted at the UN on Tuesday by Argentine President Cristina Fernandez.
It is necessary to formulate clear rules regarding capital transfer and financial speculation, said Fernandez while (…)

Obama, financial war and the elimination of DSK

by Thierry Meyssan

Beirut (Lebanon) | 28 May 2011

It is impossible to understand the downfall of Dominique Strauss-Khan without linking it to his project for the creation of a new international reserve currency, which was to be launched on 26 May 2011 at the Deauville G-8 summit. The project was paradoxically anticipated as much by the (…)

Statement by the IMF Executive Directors Representing Brazil, Russia, India, China and South Africa on the Selection Process for Appointing an IMF Managing Director

24 May 2011

Press Release No. 11/195 May 24, 2011
We, as Executive Directors representing Brazil, Russia, India, China and South Africa in the International Monetary Fund (IMF), have the following common understanding concerning the selection of the next Managing Director of the International Monetary (…)

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