Oct 12, 2015


October 12, 2015

Pablo Reyes Prado

The International Monetary Fund (IMF) and World Bank (WB) have appeared around here after over 40 years is not free. And unless they have done so at a meeting of scale in our capital with the excuse that they are the role model worldwide, that as a nation we have managed to overcome the vicissitudes of the economic crisis thanks to the implementation of the policies recommended two international organizations.

The truth is that the IMF and World Bank come celebrating the “Peruvian miracle” in a context in which their policies have meant a setback for countries that have used and strongly criticize diverse societies. Aside from appearing on the market a number of alternative banks to both organizations. Ie competition.

Recall that the IMF and World Bank are institutions strongly criticized by lowering social and environmental policies to promote neoliberal reforms and worldwide standards. That is, lend money at low interest rates, but instead practice intervention in developing countries.

For example, the World Bank financed the Sardar Sarovar dam in India, which caused the displacement of more than 240,000 people to places where land was infertile, without water or electricity. Just as he did with Polonoroeste Development Scheme in Brazil that caused the colonization of the forest and deforestation of an area the size of Great Britain.

But that’s not all: the Pak Mun dam in Thailand, which was also funded by the WB, completely destroyed fishing in the river, reducing poverty by fishermen in the region.

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