IMF-Supported Macroeconomic Policies and the World Recession
[youtube=http://www.youtube.com/watch?v=KjLH4GBvcvA]
If you are a fan of deep discussions about financial policy and international market forces, then you’ll want to check out this video from a panel discussion held last week at Public Citizen’s offices in Washington, D.C. The panel focused on the International Monetary Fund’s role during the global financial crisis and included Public Citizen President Robert Weissman, Mark Weisbrot, co-cirector of the Center for Economic Policy Research, James Roaf of the IMF, Asia Russell, the director of Health GAP and Jo Marie Griesgraber, executive director of the New Rules for Global Finance Coalition.
Weisbrot presented a report that found that “31 of 41 countries with current IMF agreements have been subjected to pro-cyclical macroeconomic policies that, during the current global recession, could be expected to have exacerbated economic slowdowns.”
Below is the question and answer portion of the discussion.
[youtube=http://www.youtube.com/watch?v=4lJa3jzS5Ag]