Breaking the Cycle of Neo-Liberal Economy: How the World Bank and the International Monetary Fund Stand Against the People
SUMMARY - The World Bank and the International Monetary Fund, for the past few
decades, have provided third-world countries with loans and grants in
the name of such lofty pretexts as ‘poverty reduction’ and
‘international development’. These loans inevitably come tied with
conditions which hinder the country’s growth, a case of stepping on
someone’s chest even as they are being helped up.
The detrimental effects these conditions have had on Bangladesh are
immeasurable, but that does not mean they should pass unnoticed. VOICE
has published this report, a combination of media articles, two
insightful essays, and the summary of a seminar conducted by VOICE on
the eve of the WB-IMF Annual General Meeting held in Washington DC in
2007 on the subject of the subjugation of Bangladesh to World Bank and
This report will examine the neo-liberal hegemony currently
ensnaring the country from different perspectives, and also stand as a
historical analysis of the role of IFIs in Bangladesh thus far.