Imf Quotes

Colonel Sanders as played by Hot Daddy Harrison Ford, cracking the whip on some island plantation, topping every native boy, stopping only long enough to enjoy a refreshing Coca Cola. Because every white guy is a blonde, Aryan top. All of us are the Christian Soldiers of Capitalism that flew TWA into your country, depositing AIDs in your brothels and IMF loans in your banks. ~ Tom Cardamone

I found myself doing extraordinary things that arent in the textbooks. Then the IMF asked the U.S. to please print money. The whole world is now practicing what they have been saying I should not. I decided that God had been on my side and had come to vindicate me. ~ Gideon Gono

My congratulations on the occasion of the 60th anniversary of the October Revolution. ~ David Rockefeller

During the past quarter of a century, most developing countries have liberalized trade to a huge degree. They were first pushed by the IMF and the World Bank in the aftermath of the Third World debt crisis of 1982. There was a further decisive impetus towards trade liberalization following the launch of the WTO in 1995. During the last decade or so, bilateral and regional free trade agreements (FTAs) have also proliferated.Unfortunately, during this period, developing countries have not done well at all, despite (or because of, in my view) massive trade liberalization, ~ Ha-Joon Chang

The world is governed by institutions that are not democratic - the World Bank, the IMF, the WTO. ~ Jose Saramago

We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic. ~ Dennis Kucinich

If it is an element of liberation for Latin America, I believe that it should have demonstrated that. Until now, I have not been aware of any such demonstration. The IMF performs an entirely different function: precisely that of ensuring that capital based outside of Latin America controls all of Latin America. ~ Che Guevara

Earning money from, and supporting, a system that keeps these people in poverty in the first place and then gives them some of the profits in the form of "strings-attached" aid or World Bank and IMF loans is no more ridiculous than Shell or Esso giving Greenpeace or Friends of the Earth £10,000 to help clear up the destruction that they inevitably cause. Would it not be better not to cause the destruction in the first place? ~ Mark Boyle

The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying. ~ Noam Chomsky

P. C. Bhattacharya was the first non-ICS man to be appointed to the job and he had a soft ride. But in what would cause a major uproar today in Parliament and in the media, when the rupee was devalued by a huge 36 per cent in 1966, he was merely informed. The decision had been taken by Indira Gandhi in March that year when she visited the United States and met the representatives of the World Bank and IMF. But she kept it to herself till June. Even the finance minister didn't know, let alone the poor RBI governor. ~ T.C.A. Srinivasa Raghavan

I think the IMF helped to detonate the Indonesian crisis. ~ Jeffrey Sachs

The United States is pushing as policy division of the world into rival currency camps - the dollar area on the one hand, and the Russia-Chinese-Shanghai Cooperation Organization group on the other, especially now that the IMF has changed its rules. People think that if there are rival currency groupings and national currencies are going bust, we might as well use gold as a safe haven. ~ Michael Hudson

After the dismissal of Hamrouche and until 1999, the state underwent a severe financial crisis and was on the verge of stopping all payments. Loans had to be negotiated with international financial institutions, particularly with the IMF, which required a structural adjustment program. State finances were saved by credits from the IMF and the European Union. Algerian negotiators, who played on the fear of the European states about the Islamist threat, said in effect, "It's either us, with all our defects, or an Islamist republic just one hour's flight from Europe." Alarmed to the point of panic, the West paid up without any conditions on how their credits were to be used. Policy thereafter fluctuated between rhetoric and laxity in letting deficits mount. ~ Ellen Lust

I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition. ~ Joseph E. Stiglitz

The dirty little secret is that both houses of Congress are irrelevant ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF] ... when the president decides to go to war, he no longer needs a declaration of war from Congress. ~ Robert Reich

Once you understand the process of corporate globalization, you have to see that what happened in Argentina, the devastation of Argentina by the IMF, is part of the same machine that is destroying Iraq. Both are efforts to break open and to control markets. And so Argentina is destroyed by the chequebook, and Iraq is destroyed by the cruise missile. If the chequebook won't work, the cruise missile will. Hell hath no fury like a market scorned. ~ Arundhati Roy

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia. ~ Jeffrey Sachs

DB: There's a lot of talk about terrorism. In fact, it's become almost an obsession for the media in the United States. But it's a very narrow definition of terrorism.
AR: Yes. It completely ignores the economic terrorism unleashed by neoliberalism, which devastates the lives of millions of people, depriving them of water, food, electricity. Denying them medicine. Denying them education. Terrorism is the logical extension of this business of the free market. Terrorism is the privatization of war. Terrorists are the free marketeers of war - people who believe that it isn't only the state that can wage war, but private parties as well.
If you look at the logic underlying an act of terrorism and the logic underlying a retaliatory war against terrorism, they are the same. Both terrorists and governments make ordinary people pay for the actions of their governments. Osama bin Laden is making people pay for the actions of the US state, whether it's in Saudi Arabia, Palestine, or Afghanistan. The US government is making the people of Iraq pay for the actions of Saddam Hussein. The people of Afghanistan pay for the crimes of the Taliban. The logic is the same.
Osama bin Laden and George Bush are both terrorists. They are both building international networks that perpetrate terror and devastate people's lives. Bush, with the Pentagon, the WTO, the IMF, and the World Bank. Bin Laden with Al Qaeda. ~ Arundhati Roy

I have full confidence in the IMF. It is a very strong international institution. ~ Jose Manuel Barroso

Argentina & Iraq have been decimated by the same process with different weapons; an IMF cheque & cruise missiles. ~ Arundhati Roy

The IMF was a more formal and less fun place to work than Treasury. The meetings were endless, with crushing bureaucracy, an intrusive and fractious executive board, an appalling amount of paper, and a lot of factional conflict among various fiefdoms. ~ Timothy F. Geithner

By the way, the European Union Member States together - even the euro area Member States together - are by far the biggest contributors to the IMF. ~ Jose Manuel Barroso

There were times when there were riots in Africa, demonstrations against the IMF because of the policy advice they were giving, the conditionalities they were imposing, and the difficulties that arose out of the implementation of those conditionalities. ~ Jakaya Kikwete

The IMF is the International Mafia Federation. They're the loansharks of last resort. ~ Gerald Celente

Japan is the largest creditor country in the world, so we have made contributions to the stability of international markets and we want this IMF meeting to confirm that we will continue to contribute. ~ Yoshihiko Noda

Say goodbye to the IMF once and for all as the IMF's conditions enriches the rich and impoverishes the poor. ~ Imran Khan

Only after Eden agreed to leave Egypt unconditionally did Eisenhower arrange a billion-dollar rescue package from the IMF and the Export-Import Bank. ~ Niall Ferguson

Peace, Inc., is sometimes as worrying and War, Inc. It's a way of managing public anger. We're all being managed, and we don't even know it. The IMF and the World Bank, the most opaque and secretive entities, put millions into NGOs who fight against "corruption" and for "transparency." They want the Rule of Law--as long as they make the laws. They want transparency in order to standardise a situation, so that global capital can flow without any impediment. Cage the People, Free the Money. The only thing that is allowed to move freely--unimpeded--around the world today is money, capital. ~ Arundhati Roy

What can Americans learn from the Olympics spectacle? According to the IMF, China will succeed America as the dominant economic power in the course of the next presidential term, so Howard Fineman, editorial director of the Huffington Post and MSNBC mainstay, was anxious to pick up tips. 'Brits long ago lost their empire,' he tweeted, 'but overall show us how to lose global power gracefully.' So there's that. ~ Mark Steyn

Conservatives believe that international institutions such as the United Nations are anti-American and anti-Israeli cabals. Progressives do not like the economic medicine that the International Monetary Fund (IMF) and World Bank force down the throats of developing countries. ~ Michael Ignatieff

The secular are at this moment in history a great deal more optimistic than the religious – something of an irony, given the frequency with which the latter have been derided by the former for their apparent naivety and credulousness. It is the secular whose longing for perfection has grown so intense as to lead them to imagine that paradise might be realized on this earth after just a few more years of financial growth and medical research. With no evident awareness of the contradiction they may, in the same breath, gruffly dismiss a belief in angels while sincerely trusting that the combined powers of the IMF, the medical research establishment, Silicon Valley and democratic politics could together cure the ills of mankind.... It is telling that the secular world is not well versed in the art of gratitude: we no longer offer up thanks for harvests, meals, bees or clement weather. On a superficial level, we might suppose that this is because there is no one to say 'Thank you' to. But at base it seems more a matter of ambition and expectation. Many of those blessings for which our pious and pessimistic ancestors offered thanks, we now pride ourselves on having worked hard enough to take for granted. ~ Alain De Botton

The good thing about the IMF is there is no European politics involved. ~ Mark Rutte

But such IMF pressure is very much helpful for me to push such a, you know, reform. So in this sense I think IMF is very much helpful for alien society. ~ Kim Dae-jung

We do have some assistance from the World Bank but not from the IMF. We are not borrowing yet, but we are considering, in the future, borrowing from the Kuwait Fund to support our infrastructure development. ~ Jose Ramos-Horta

The Muslim leaders swallow the advice of the Western powers and bodies like the IMF and World Bank, even when it is bad for their countries and they know this. ~ Abu Bakar Bashir

While the IMF certainly failed the people of Asia, it did not fail Wall Street - far from it. The hot money may have been spooked by the IMF's drastic measures, but the large investment houses and multinational firms were emboldened ... These fun-seeking firms understood that as a result of the IMF's "adjustments," pretty much everything in Asia was now up for sale - and the more the market panicked, the more desperate Asian companies would be to sell, pushing their prices through the floor. ~ Naomi Klein

Something new is blowing. On a downtown Kingston wall: IMF - Is Manley Fault. General election called for October 30, 1980. Somebody is driving you through Bavaria, near the Austrian border. A hospital sprouting out of the forest like magic. Hills in the background tipped with snow like cake icing. You meet the tall and frosty Bavarian, the man who helps the hopeless. He smiles but his eyes are set too far back and they vanish in the shadow of his brow. Cancer is a red alert that the whole body is in danger, he says. Thank God the food he forbids, Rastafari had forbidden long time. A sunrise is a promise. Something new is blowing. November 1980. A new party wins the general election and the man who killed me steps up to the podium with his brothers to take over the country. He has been waiting for so long he leaps up the stairs and trips. ~ Marlon James

The danger, of course, is that it is not always easy to distinguish between a default that was inevitable - in the sense that a country is so highly leveraged and so badly managed that it takes very little to force it into default - and one that was not - in the sense that a country is fundamentally sound but is having difficulties sustaining confidence because of a very temporary and easily solvable liquidity problem. In the heat of a crisis, it is all too tempting for would-be rescuers (today notably multilateral lenders such as the IMF) to persuade themselves that they are facing a confidence problem that can be solved with short-term bridge loans, when in fact they are confronting a much more deeply rooted crisis of solvency and willingness to pay ~ Carmen M. Reinhart

The interests of the IMF represent the big international interests that today seem to be established and concentrated in Wall Street. ~ Che Guevara

One by one, these governments came undone, and were forced into IMF tutelage (and national illegitimacy) by the careening oil prices, the debt imbroglio, and falling terms of trade. The last of these governments to fall were the Communist regimes of eastern Europe, which have now gone the way of other Third World countries. The second in the cascade of bifurcations is thus symbolized by 1989. ~ Immanuel Wallerstein

We simply cannot afford any further delay in providing the IMF with the resources it requires to help contain the threat of further financial and political instability around the world. ~ Robert Rubin

If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power. ~ Mark Steyn

But what will happen, and I got this from reliable sources, is that the International Monetary Fund will skedaddle from D.C., possibly to Singapore or Beijing, and then they're going to make an IMF recovery plan for America, divide the country into concessions, and hand them over to the sovereign wealth funds. Norway, China, Saudi Arabia, all that jazz. ~ Gary Shteyngart

The UK has a poor investment record. According to IMF data, we have come seventh out of the top seven industrialised countries since 1999. ~ Frances O'Grady