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To maintain stability and prevent crises in the international monetary system, the IMF reviews national, regional, and global economic and financial developments. It provides advice to its 186 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards, and serves as a forum where they can discuss the national, regional, and global consequences of their policies.
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To further the interests of creditors in Western financial markets, the IMF imposes its Washington Consensus ideology on countries desperately in need of credit, forcing them via blackmail to adopt policies such as dismantling of government-provided services for the poor and hasty privatisation of government infrastructure, leading to oligarchic asset stripping and capital flight. This engenders social and cultural disruption, resulting in drastic income disparity, poverty and social misery, all in the name of a blind neoclassical economic orthodoxy blissfully oblivious to its dismal empirical track record.
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