Why Protest the International Monetary Fund and the World Bank?
The International Monetary Fund and World Bank (IMF/WB) are very frustrated. It appears that they can’t throw a self-congratulatory party to cynically champion the work they claim to have done in “combating global poverty” without tens of thousands of uninvited guests showing up to steal the show. Fearing just this, the IMF/WB recently scaled back their meeting schedule from an entire week to just one weekend. The IMF/WB are desperate to change their unpopular reputation with the vast majority of people in the world. Mass movements and general strikes in Latin America have recently challenged the years of plunder of the continent by the IMF. The IMF/WB are widely understood to be the tools of US capitalism’s economic, political and military domination of the world. The World Bank loans money to developing countries for the purpose of building power plants, road and other “infrastructure”. The IMF screens the countries for their “eligibility” to receive loans. Howver, these loans come a
