Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Disadvantages of the IMF
3. The IMF is imposing a fundamentally flawed development model
Example - Sweatshop workers
2. The IMF serves wealthy countries and Wall Street.
Example...
Disadvantages of the IMF
1. The IMF has created an immoral system generating inequality and poverty
Such measures...
Case Study: Argentina
What is the IMF?
The International Monetary Fund (IMF) is an international organisation that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to assist in the reconstruction of the world's international payment system post–World War II.
What does the IMF do?
IMF promotes...
5. IMF policies promote corporate welfare
Case Study:
4. The IMF: a secretive institution
Bibliography
Adept Yogi. 2014. IMF & EU to sink the Ukraine into neo-feudalism?. [Online Video]. 04 April. Available from: http:// www.youtube.com/watch?v=8OG33MeWna8 [Accessed: 20 October 2014].
Brown, R, 2013. Resource Manual to Support Revisions to the UN Guidelines For Consumer Protection. Consumers International, [Online]. v, p1-35. Available at: http://www.consumersinternational.org/media/1425119/ungcp_resource_manual_eng.pdf [Accessed 20 October 2014].
Economics Help. 2014. Criticism of IMF | Economics Help. [ONLINE] Available at: http://www.economicshelp.org/blog/glossary/imf-criticism/. [Accessed 20 October 2014].
Elliott, L. 2014. Financial storm clouds cast a deep shadow over IMF summit | Business | The Observer. [ONLINE] Available at: http://www.theguardian.com/business/2014/oct/12/imf-world-bank-washington-financial-storm-clouds. [Accessed 20 October 2014].
Global Exchange. 2014. Top Ten Reasons to Oppose the IMF | Global Exchange. [ONLINE] Available at: http://www.globalexchange.org/resources/wbimf/oppose. [Accessed 20 October 2014].
IMF. 2014. About the IMF Overview. [ONLINE] Available at: https://www.imf.org/external/about/overview.htm. [Accessed 20 October 2014].
Oximity IMF. 2014. Oximity. [ONLINE] Available at: https://www.oximity.com/org/IMF-1. [Accessed 20 October 2014].
Video: IMF & EU to sink the Ukraine into neo-feudalism?
Disadvantages of the IMF
6. Conditions of Loans
On giving loans to countries, the IMF make the loan conditional on the implementation of certain economic policies. These policies tend to involve:
• Reducing government borrowing
• Higher interest rates
• Allow failing firms to go bankrupt.
• Structural adjustment. Privatisation, deregulation, reducing corruption and bureaucracy.
Structural adjustment and macro economic intervention make the situation worse.
• For example: Asian crisis of 1997
Available from: http:// www.youtube.com/watch?v=8OG33MeWna8
From Bhavik, Richa and Randeep
Disadvantages of the IMF
Conclusion
Disadvantages of the IMF
8. IMF bailouts deepen, rather than solve, economic crisis
To conclude IMF is ineffective in stabilising world finance:
7. Exchange Rate Reforms.
Start
Thank you for listening.
Questions?