IMF Archive

  • The IMF and the democratic deficit

    An enquiry comes in, referring back to a letter published in the Guardian in 2002 (read it here) on the lack of democracy in the IMF.  Is that still true of the IMF now?  Of course, in those days the IMF was a vehicle for […]

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  • Federal Union review of 2011

    Last year was dominated by the crisis in the eurozone.  It dominated the debate about the future of European integration, obviously, but has also turned out to be a major influence both in the UK and around the world. Taking Europe first, it is absurd […]

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  • No globalisation without representation

    That the protestors outside St Paul’s cathedral are critical of global capitalism should not be surprise.  Doesn’t everybody object to the way in which what was effectively gambling in unregulated markets nearly brought down the financial system and has ground economic growth to a halt? […]

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  • Fair shares at the IMF?

    Conservative MP and leading critic of the EU John Redwood has complained on his blog about the cost of participating in the IMF bailout for Greece.  He does not think that the bailout is working and should not be pursued by anybody, but if other […]

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  • The rights of citizens, the rights of nations

    Barack Obama was widely praised for the declaration in his speech at Westminster Hall on 25 May that “we believe not simply in the rights of nations, we believe in the rights of citizens.” It sounds great, but is it really true?  Here’s a test. […]

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  • Dominique Strauss-Kahn: a bad tradition

    The resignation of French head of the International Monetary Fund, Dominique Strauss-Kahn, over allegations of a sex attack in a New York hotel room has restarted the debate about who should be appointed to lead the international financial institutions.  The tradition is that a European […]

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  • In search of clarity

    Two interesting papers have been published by the left of centre think-tank Policy Network as part of its Progressive Governance conference, currently underway in London. The two papers – “Global challenges: accountability and effectiveness” by David Held and “From intervention to cooperation: reforming the IMF […]

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  • Common positions would increase Europe’s influence

    Common positions would increase Europe’s influence – In the Financial Times By Stephany Griffith-Jones and Richard Jolly Published: June 11 2007 03:00 | Last updated: June 11 2007 03:00 From Prof Stephany Griffith-Jones and Prof Sir Richard Jolly. Sir, Wolfgang Munchau (“Sarkozy’s plans are bad […]

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  • Why the IMF remains undemocratic

    Letter published in The Guardian, Thursday 18 July 2002 Most concepts of democratic accountability include answering before a parliament representing the citizens. There is no such role within the IMF, or any global institution. No wonder so many are angry. The problem with globalisation is […]

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