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HOW THE IMF KEEPS AFRICANS POOR (spectreofcommunism.boo)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 4 months ago* (last edited 4 months ago) (2 children)

Further recommended reading?

edit: or sources on the quotes, they're illuminating

[–] [email protected] 5 points 4 months ago (1 children)

These quotes are all from Davison Budhoo's 1988 public resignation letter from the IMF, "Enough is Enough", which is around 100 pages long. He goes into detail on the institutional fraud in the IMF taking examples from around that time. It's available on archive.org here and ProleWiki's library here.

Unfortunately, I'm not very well-read on the topic (yet) so I don't have much else I can point you to. I do know this site focuses on this topic: Committee for the Abolition of Illegitimate Debt. They have some articles like this: "The International Monetary Fund (IMF): an ABC.". And I haven't read these books yet, but they're on my list to check out: "50 years is enough : the case against the World Bank and the International Monetary Fund" and The World Bank : a critical primer.

[–] [email protected] 2 points 4 months ago

great, thanks!

[–] [email protected] 3 points 4 months ago

A classic source is Cheryl Payer's The Debt Trap. I never really understood what a balance of payments crisis was until I read it.