International Monetary Fund | |
|---|---|
 Logo | |
| Founded | 27 December 1945 |
| Headquarters | Washington, D.C., United Sttaes |
The International Monetary Fund (IMF) is a neoliberal financial organization. Although it is a global organization, 38% of it is controlled by France, Germany, Japan, the United Kingdom, and United States.[1]
By region
Indonesia
The IMF caused a banking crisis in Indonesia that decreased GDP by 14% and increased poverty by 40%.[1]
Sierra Leone
The IMF made Sierra Leone devalue its currency, which also decreased the cost of its minerals, including diamonds. Increased diamond extraction led to a conflict that killed 70,000 people and displaced 2.6 million.[1]
Zambia
The IMF forced Zambia's government to eliminate subsidies for pesticides and fertilizers, decreasing agricultural output and leaving seven million people short of food.[1]
References
- ↑ 1.0 1.1 1.2 1.3 Arman Tendulkar (2021-10-11). "The International Monetary Fund: A Vehicle for Modern Day Imperialism" International Policy Digest. Retrieved 2022-06-19.