The IMF versus the Arab spring

Had a piece about the IMF and the Arab Spring published online over at Comment is Free:

In the midst of the media storm surrounding IMF chief Dominique Strauss-Kahn last week, my feelings were perfectly expressed in a tweet by Paul Kingsnorth: “Could someone please arrest the head of the IMF for screwing the poor for 60 years?”

Without diminishing the seriousness of the sexual allegations against Strauss-Kahn, the role of the IMF, over past decades and at present, is a far bigger story. Of particular importance is its role at this crucial moment in the Middle East.

The new loans being negotiated for Egypt and Tunisia will lock both countries into long-term economic strategies even before the first post-revolution elections have been held. Given the IMF’s history, we should expect these to have devastating consequences on the Egyptian and Tunisian people. You wouldn’t guess it though, from the scant and largely fawning coverage the negotiations have so far received.

The pattern is to depict the IMF like a rich uncle showing up to save the day for some wayward child. This Dickensian scene is completed with the IMF adding the sage words that this time it hopes to see growth on the “streets” not just the “spreadsheets”. It’s almost as if the problem had been caused by these regimes failing to follow the IMF’s teachings.

Such portrayals are credulous to the point of being ahistorical. They do not even mention, for example, the very positive reports the IMF had issued about both Tunisia and Egypt (along with Libya and others) in the months, weeks, and even days before the uprisings…

Read the rest here.

About Austin G. Mackell

I am a freelance journalist who has worked for a variety of corporate and community outlets from my hometown of Sydney and from the Middle East, including from Lebanon during Israels 2006 invasion and from Iran during the tumultuous presidential elections there in 2009. I have recently moved to Cairo to watch the revolutions in Arab world unfold.
This entry was posted in Uncategorized and tagged , , , , , , , , . Bookmark the permalink.

2 Responses to The IMF versus the Arab spring

  1. Jack says:

    I read your article in the Guardian yesterday and was very impressed. Obama’s MENA speech alluded to exactly what you have explained; it seems that most commentators at the Guardian haven’t even considered how these institutions will impact the democratic movements in MENA. I’m looking forward to reading the rest of your blog.

  2. J says:

    Austin
    I very much enjoyed reading your article and linked to it in a short piece I published today.
    http://www.newcivilisation.com/home/international-affairs/838
    regards
    Jamal

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s