• Imad A. MoosaEmail author
  • Nisreen Moosa


It is suggested that if the work of the IMF is judged by the declared objectives of eradicating poverty, boosting growth, enhancing social expenditure and raising the standard of living, then it has been a dismal failure. However, if it is judged by the undeclared objectives of looting domestic assets, impoverishing developing countries, imposing neoliberal ideas on developing countries and having free access for the corporate “west” to sources of raw materials and markets, then it has been a spectacular success. It seems that IMF operations have set the standard for how to do things effectively, efficiently and successfully.


Regime change Democracy Nationalisation Privatisation IMF riots War 


  1. Friedman, B. (2002, August 15). Globalization: Stiglitz’s Case. The New York Review of Books.
  2. Ismi, A. (2004). Impoverishing a Continent: The World Bank and the IMF in Africa. Halifax: The Halifax Initiative Coalition.Google Scholar
  3. Krishnan, G. (2016, May 15). Exposing the IMF and World Bank – Organizations that are Systematically Controlling and Crippling the World Economy Through Neoliberalism.
  4. Palast, G. (2001, April 29). IMF’s Four Steps to Damnation. The Guardian.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.School of EconomicsRMIT School of EconomicsMelbourneAustralia
  2. 2.University of South AustraliaAdelaideAustralia

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