Farooq Tariq — The International Monetary Fund’s Executive Board has approved a larger-than-expected conditional loan worth $3 billion for Pakistan. But the common people will have to pay a heavy price due to the IMF's draconian terms and conditions.
IMF
A nascent oil palm plantation in southeastern Sierra Leone owed by Socfin Agriculture Company, which in March 2011 signed a 50-year lease with the government of Serra Leone. Photo by Felicity Thompson/IRIN.
By Alan Broughton
November 6, 2012 – Links International Journal of Socialist Renewal -- Since the global financial crisis of 2008 and its associated food crisis that sent another 200 million people into malnutrition, there has been a massive grab for land by large corporations around the world. Worst hit has been Africa, where food security is already non-existent for many people. Governments, including the Australian government, welcome this “investment” in agriculture, some bizarrely claiming that food security will be increased.
The neoliberal government of Ben Ali was overthrown by popular rebellion in 2010. Can the IMF co-opt the Arab Spring?
By Patrick Bond and Khadija Sharife
February 2, 2012 – Links international Journal of Socialist Renewal -- With International Monetary Fund (IMF) managing director Christine Lagarde in Tunisia today, the stage is set for ideological war over the progress of democratic revolutions.
Until 27-year-old fruit seller Mohamed Bouazizi committed suicide by immolation in the provincial town of Sidi Bouzid, Tunisia was packaged as an IMF success story. In 2008, dictator Zine El Abidine Ben Ali was embraced by Lagarde’s predecessor, Dominique Strauss-Kahn: "Economic policy adopted here is a sound policy and is the best model for many emerging countries.”