This astute geopolitical analyst examines the effects of the Empire's IMF conditions are having on Ukraine. They appear to be not only devastating for Ukraine's economy, but dangerous: Chernobyl type events could easily occur. But then, these are typical neoliberal policies of the IMF.
Like the Sicilian Mafia, the IMF gives a kind of “protection.” Its loans have strings, called the Washington Consensus or IMF conditionalities. They never vary. That’s because the US Treasury in fact controls IMF policy. The conditions are invariably that a country getting “loans” must open its economy, privatize state assets, slash health and education and public jobs and balance the state budget, something the USA has failed to do for decades. Foreign multinationals are then free to rape what is left. It’s a modern version of “outsourced imperialism” made to look technocratic and politically neutral. It isn’t.