• robust: gutting all social safety systems and public education

• sustainable: making sure there’s a solid trickle-up of wealth that used to belong to the public

• inclusive: in one way or the other, this will fuck over anybody who isn’t at least a US$ millionaire

“Our main goal in supporting Kenya is to help it overcome the difficult economic challenges it faces and improve its economic prospects and the well-being of its people,” it said in a statement, before bursting out in laughter

Fixed it.

I’m sure the IMF will finally learn its lesson

Was reminded of the IMF loan to Iceland during the 2008 recession, here is a Q and A on the circumstances of the loan. When the “problem” is caused by neo-liberalism there is a different tone.

“Bank supervision and regulation will also be overhauled to make sure a banking crisis of this magnitude never happens again.”

“We are not telling Iceland to tighten its belt in the middle of a recession. During the first year of the program, automatic fiscal stabilizers will be allowed to work.”

but also, more neo-liberalism down the line:

“The IMF will help Iceland restructure the banks within this broad framework. The strategy includes plans for valuation of the assets of both new and old banks in line with international best practice, compensation from the new banks to the old banks for any discrepancy in the fair value of assets and liabilities taken over, recapitalizing the new banks with the aim of eventually privatizing them, and maximizing asset recovery in the old banks.”

I imagined these words being spoken by a Dixiecrat.

hmm wonder why that is, ahahaha definitely not on the behalf of Western corporations to maintain exploitation of the country’s resources…