After a spike in lending that shored up the IMF’s income, the Fund board is considering various options for refurbishing its headquarters building in Washington. The board work programme specified a board committee discussion before end 2010 with a final decision in February or March. No information about the cost of the proposals has been made public. Melinda St Louis of NGO Jubilee USA Network asked: “Should the IMF get another stunning fountain at its headquarters or should countries in Sub-Saharan Africa receive debt relief to invest in clean water for the most vulnerable?”
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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