During the electoral campaign in 2002, Lula DaSilva signed an economic agreement with the IMF which guaranteed a budget surplus of 3%. Lula sought to reassure bankers, international financiers and multi-nationals that Brazil would pay its creditors,…
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Latin America & Caribbean
Inspired by the US-backed anti-government protests in Venezuela, El Salvador’s oligarchs are preparing to follow the same strategy.
Most of the aid money went to donor countries’ businesses, government agencies and NGOs, as usual. International “aid” is a well-known capitalist scheme aimed at developing lucrative markets for foreign capital.
Contrary to the rosy economic picture that the World Bank and the IMF have tried to paint over the past decade, Brazil’s growing discontent with the neoliberal model is now on full display.