Research Results For 'IMF Riots'

IMF RIOTS

The IMF Riots are planned civil disorder which are typified by the series of riots that occurred in Ecuador in March 2001 after the government, at the insistence of the World Bank and IMF, raised the price of cooking gas by 80%. According to former chief economist at the World Bank, Joseph Stiglitz, the riots in Ecuador and their responses were carefully planned by the World Bank and the Intrnational Monetary Fund (IMF). The purpose of the IMF Riots is to destroy the host nation economically, allowing global corporations to buy up national resources cheaply (also known as rebuilding a country), benefiting the IMF, the World Bank (51% of which is owned by the US Treasury) and the global corporations at the expense of the 'helped' nation.
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