Empire, Power & People with Andrew Gavin Marshall- Episode 139

Inside the IMF

The International Monetary Fund (IMF) is one of the central and most powerful institutions in the system of global financial governance. This episode examines the structure and governance of the institution, it's board, staff and committees, as well as the shareholding structure that ensures the IMF serves the interests of the United States and other powerful rich nations above all else. Its annual and spring meetings are major events in the world of financial diplomacy, bringing together the central bankers and finance ministers of the IMF's 188 member nations to Washington D.C., where they meet in private and hold seminars with thousands of bankers from around the world. The IMF's programs force countries to restructure their entire societies along lines dictated largely by the US Treasury and Federal Reserve, acting as an Imperial Management Fund for powerful financial interests. Its programs - complete with austerity and 'structural reforms' - have led to mass unemployment, poverty and social devastation in the nations that receive IMF "aid." Thus, it has frequently been referred to as the International Misery Fund. This episode examines this little understood and immensely influential institution.

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