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Harmful effects of IMF aid.(Between The Lines)
ITEM: The International Monetary Fund (IMF) has agreed to let Colombia increase "its budget shortfall following the defeat of a [sic] austerity referendum," reported the BBC for November 14. "Plans by the government of President Alvaro Uribe to raise taxes sharply were 'appropriate,' the IMF said. The IMF also agreed that the county's budget deficit could widen to 2.8% from 2.5%...."
BETWEEN THE LINES: According to this, the IMF is telling a presumably sovereign government that raising taxes is a permissible way to remain on the international dole. But since the credit keeps flowing, there is little incentive--in Colombia or elsewhere--to abandon ineffective or corrupt financial practices.
Is the IMF's track record so successful that this trade-off is worth the price? Hardly. Its numerous deficiencies have been noted by a congressionally mandated watchdog, the International Financial Institutions Advisory Commission, chaired by Allen Meltzer of Carnegie Mellon University. This commission documented that the IMF devotes too many ...
- Carnegie Mellon to Develop Business, Computer Science Programs for Branch...
- News wire article from: Europe Intelligence Wire February 17, 2004 700+ words
...From AScribe) PITTSBURGH -- Carnegie Mellon University officials today announced...Arabian Gulf nation will be called Carnegie Mellon University in Qatar. It will offer programs leading to Carnegie Mellon degrees based on the same admission...
- Carnegie Mellon Raises Tuition 2.9 Percent, Lowest Increase Since 1975.
- Press release article from: PR Newswire February 23, 2009 700+ words
...PITTSBURGH, Feb. 23 /PRNewswire/ -- Carnegie Mellon University has announced a 2...efficiently and effectively," said Carnegie Mellon Vice President for Campus Affairs Michael Murphy. Carnegie Mellon has had a system of tiered increases...
- Carnegie Mellon and Portugal To Launch Major Research and Education...
- Press release article from: PR Newswire October 27, 2006 700+ words
...PITTSBURGH, Oct. 27 /PRNewswire/ -- Carnegie Mellon University and the Portuguese government...Portugal (ICTI@Portugal) and at Carnegie Mellon (ICTI@CMU). ICTI and the Carnegie Mellon-Portugal Program will involve professors...
- Carnegie Mellon Names Martin L. Griss to Head Innovative Silicon Valley Campus.
- Press release article from: PR Newswire June 22, 2009 700+ words
...June 22 /PRNewswire/ -- Carnegie Mellon University's Martin L. Griss has been named director of Carnegie Mellon University's Silicon Valley...Morris, founding director of Carnegie Mellon Silicon Valley and former dean...
- Carnegie Mellon's Successful Collaboration With Greek Institution Culminates...
- Press release article from: PR Newswire April 28, 2005 700+ words
...PITTSBURGH, April 28 /PRNewswire/ -- Carnegie Mellon University will award diplomas May...Information Networking) program offered by Carnegie Mellon's Information Networking Institute...bin/prnh/20020422/CMULOGO ) Carnegie Mellon President Jared L. Cohon will preside...
- Carnegie Mellon University ReDesignated Center of Excellence by U.S. Government.
- News wire article from: Europe Intelligence Wire June 5, 2009 700+ words
...cybersecurity education and research center Carnegie Mellon CyLab, Carnegie Mellon University has been re-designated as a...an outstanding honor for the university as Carnegie Mellon CyLab pioneers development of cutting-edge...
- Carnegie Mellon President Jared L. Cohon Reappointed for Third Five-Year Term.
- Press release article from: PR Newswire May 21, 2007 700+ words
...May 21 /PRNewswire/ -- Carnegie Mellon University's Board of Trustees...approved the reappointment of Carnegie Mellon President Jared L. Cohon for...year term. Cohon became Carnegie Mellon's eighth president in 1997...
- Carnegie Mellon Sets Tiered Tuition Increase for Undergraduates in Fall 2008.
- Press release article from: PR Newswire February 22, 2008 700+ words
...PITTSBURGH, Feb. 22 /PRNewswire/ -- Carnegie Mellon University has announced a tiered...percent. For students who entered Carnegie Mellon in 2003, 2004 or 2005, tuition will...Tuition for students who came to Carnegie Mellon in 2006 will be $37,000. For students...
- Carnegie Mellon's CyLab and Nortel Combine Efforts to Research Leading Security...
- Press release article from: PR Newswire October 22, 2007 700+ words
...Oct. 22 /PRNewswire/ -- Carnegie Mellon University today announced...communication giant Nortel has joined Carnegie Mellon CyLab as a strategic partner...prnh/20020422/CMULOGO ) Carnegie Mellon CyLab and Nortel will collaborate...
- Carnegie Mellon Collaborates With Greek Institution to Offer Information...
- Press release article from: PR Newswire February 14, 2002 700+ words
PITTSBURGH -- Carnegie Mellon University will offer its first...and wireless mobile computing. Carnegie Mellon and AIT will offer a four-semester...Information Networking degree from Carnegie Mellon's Information Networking Institute...
Source: HighBeam Research, Harmful effects of IMF aid.(Between The Lines)