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.
World Bank & IMF in the news
Despite the World Bank’s commitment to move away from funding coal, a series of loopholes in its financial intermediary lending remain that will continue to allow finance to support coal power projects.