On 12 April Thomas Dawson, the gaffe-prone IMF External Relations Director, welcomed the short-lived Venezuelan administration headed by Pedro Carmona, a business association leader. His administration was installed as a result of a coup against elected leader Hugo Chavez. Mr. Dawson told a journalist “we stand ready to assist the new administration in whatever manner they find suitable”. Now that Chavez has returned to power and restored the Congress it is not clear how this incident will affect his relationship with the Fund.
IMF and World Bank policies and programmes work in tandem to expand and deepen financialisation, exacerbating the inequality crisis and harming human rights, financial stability and democratic governance
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Established in 1995, the Bretton Woods Project (BWP) is a civil society watchdog of the International Monetary Fund and World Bank. By monitoring the work of these institutions, supporting and connecting critical civil society communities, and advocating for transformational change, the Project challenges their power and fights for the development of policies that are gender transformative, equitable, environmentally sustainable and consistent with international human rights norms.