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The IMF as an Instigator of Riots and Civil Unrest

Abstract

The term “IMF riots” was coined to describe waves of protests witnessed by developing countries throughout the 1980s and 1990s, when many of them were in crisis and had to resort to borrowing from the IMF. A number of IMF riots are described as they occurred in countries like Argentina, Egypt, Costa Rica and South Africa. While the IMF cannot be blamed for food shortage caused by harvest failure, the Fund can certainly be blamed for food riots caused by policies designed to achieve unnecessary ends or ends that can be achieved by other less painful means.

Keywords

  • IMF riots
  • Civil unrest
  • Political instability
  • Protests
  • Hot money cycle
  • Country assistance strategy
  • State of emergency
  • General strikes

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Correspondence to Imad A. Moosa .

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Moosa, I.A., Moosa, N. (2019). The IMF as an Instigator of Riots and Civil Unrest. In: Eliminating the IMF. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-05761-9_4

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  • DOI: https://doi.org/10.1007/978-3-030-05761-9_4

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-05760-2

  • Online ISBN: 978-3-030-05761-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)