Christine Lagarde — Shining a Bright Light into the Dark Corners of Weak Governance and Corruption

I am gratified that nine countries—the entire G7 plus Austria and the Czech Republic—have already volunteered for this assessment. This is a major vote of confidence in the new framework.

IMF gets a new club to beat the emerging world that is now challenging the West. What's the likelihood of the IMF dealing with corruption in the West. This looks to be just another tool in the box of neoliberalism.

Most countries are affected by corruption of one form or another. Corruption in so-called capitalism is endemic, starting with state capture, since capitalism is based on law and institutional arrangements.

Neoliberalism is a political theory based on state capture — special interests using government to favor capital as a factor of production because this "promotes growth and efficiency." The same with neocolonial wars to spread late-stage capitalism under the rubric of "spreading democracy and freedom." The IMF is just a tool in the neoliberal toolbox.

The IMF itself is corrupt. Look what it contributed to in the destruction and enslavement of Greece.

IMF Blog
Shining a Bright Light into the Dark Corners of Weak Governance and Corruption

Christine Lagarde | Managing Director