Thursday, November 12, 2026
Brian Kenety
- A new report, released Monday, purports to have “uncovered” a previously undocumented pattern of protests and riots taking place in poor countries against the International Monetary Fund (IMF) and its policies.
Since the “Battle in Seattle” in December, when anti- globalisation protesters laid siege to the ministerial meetings of the World Trade Organisation (WTO), there have been at least 50 separate episodes of civil unrest in 13 poor countries, all directed at the IMF, said the report by the London-based World Development Movement (WDM).
The report, “States of Unrest: Resistance to IMF Policies in Poor Countries”, comes on the eve of massive protests against the Fund and the World Bank, whose annual meetings get officially underway here Tuesday.
The WDM said that the media have heralded the dawn of a new movement in Europe and North America epitomised by protests aimed at the WTO, IMF and the World Bank.
“However, this “new movement”, portrayed by the media as students and anarchists from the rich and prosperous global north, is just the tip of the iceberg,” said co-authors, Jessica Woodroffe and Mark Ellis-Jones, in the introduction to the report.
“In the global south, a far deeper and wide-ranging movement has been developing for years, largely ignored by the media,” they said.
“Millions of people around the world have been brave enough to protest against IMF policies. From Argentina to Zambia, farmers, priests, teachers and trade unionists have called for an end to IMF-imposed economic reforms,” said Woodroffe in a separate statement.
She called attempts by the Fund and the Bank to dismiss protesters as rich students “naive and insulting”.
Furthermore, Woodroffe said it was significant that these protests have happened since the IMF announced its new commitment to poverty reduction at its annual meetings last September.
“The depth of opposition reveals just how far the IMF has to go if its new poverty reduction rhetoric is to be anything more than a re-branding exercise,” she said.
According to the WDM, of the 50 separate protests documented in the report, conservative estimates indicate that more than half of them ended in the deployment of riot police or the army.
A total of 10 people have lost their lives and over 300 persons have been injured in protests against the IMF and its policies.
“Millions of people around the world have seen the IMF attempting to undermine their national governments. It is seen as forcing countries into a one-size-fits-all blue print of economic development,” said Woodroffe.
The report notes that the standard IMF package of reforms, called a Structural Adjustment Programme, often involves common elements.
These include; reducing government expenditure by making public- sector redundancies, freezing salaries, and making cuts in health, education and social services.
Other elements include; the privatisation of state-run industries leading to massive lay-offs with no social security provision and the loss of inefficient services to remote or poor areas; currency devaluation and export promotion, leading to the soaring cost of imports, land use charged for cash crops, and reliance on international commodity markets.
Developing countries are still locked into a dependent relationship with the international financial institutions and donor governments, said the WDM report, which gives a detailed country-by-country summary that, it says, shows how deeply the poor oppose the implementation of “liberalisation policies which hurt the poor”.
In Bolivia, escalating protests against the privatisation of water and a 200 per cent price hike led to serious riots and calls for the government to end IMF policies and the president was forced to call a state of emergency. Six people were killed.
In Ecuador this January, IMF protests led to the storming of the legislature, briefly occupied by 3,000 people, with another 10,000 protesting outside.
In Paraguay in June, participants in a 48-hour general strike against the privatisation of telephones, water and railways were told it was non-negotiable as part of the IMF package.
In July in Nigeria, the newly elected president faced a general strike against the deregulation of the oil sector and fuel price hikes (part of the IMF programme).
The Nigerian House of Representatives adopted a non-binding motion urging the federal government to suspend all activities in respect to the IMF loan.
The report notes that in Brazil this September, more than a million people voted against IMF reforms in a mock referendum, and thousands followed the vote with a mass demonstration called “Cry of the Excluded”.
“States of Unrest” details similar examples of protests in Columbia, Costa Rica, Honduras, Kenya, Malawi, South Africa and Zambia, countries where the World Development Movement says IMF policies are threatening fragile and newly established democracies.
Meanwhile, in the run-up to the IMF/World Bank meetings here in Prague, it is the students and anarchists from global north who are making world headlines.
About 1,000 activists took part in a march through Sunday that was organised by INPEG, a loose coalition of Czech anarchists, environmentalists and leftist social activists united against economic globalisation.
The group is calling for the IMF and World Bank to be shut down.
The coalition notes that the IMF itself has said that “in recent decades nearly one-fifth of the world population have regressed in relative and sometimes even absolute terms” and that this is “arguably one of the greatest economic failures of the 20th century”.
But INPEG says that the international financial institutions “refuse to see their current lending policies to poverty-ridden countries as part of the problem. In 54 percent of countries borrowing funds from the World Bank, the people experienced stagnating per capita income, rising poverty, declining life expectancy, or a combination of all of the above”.
INPEG, this week, is hosting a “Counter Summit” at which activists from around the world are discussing grassroots alternatives to the IMF/World Bank development model.
The coalition, which has emerged as a the main organiser of the more radical elements protesting here, is calling on protesters to “make some noise” – to “bring whistles, shakers, and things to rattle” to Prague in order to drown out the IMF/World Bank annual meetings “in a cacophony against capital”.
“Imagine the IMF and WB delegates unable to concentrate because of the endless cacophony outside. Imagine their weary surprise when having finally managed to return to their hotels, the noise continues throughout the night keeping them awake in their sterile “luxury” rooms wondering why they are missing out on all the fun outside!” said the group.
A separate protest on Sunday, a mock funeral procession staged by the “drop-the-debt” Jubillee 2000 campaign, also drew about 1,000 people.
Organisers say that 19,000 children die each day because developing countries must spend scarce funds to service their debts, diverting monies from basic health, education and social services.