Brazilian activist Marcos Arruda exposes the problems with his government’s economic policies and the role of the IMF in a new book. External Debt, Brazil and the International Financial Crisis assesses the history and implications of development lending to Brazil and discusses the programme agreed with the IMF in 1998 which has led to major cuts in social expenditure. Arruda concludes with proposals developed through his work with Policy Alternatives for the Southern Cone.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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