Global: IMF governance renovations: fresh paint while foundations rot

When the International Monetary Fund (IMF) and World Bank Directors meet for their Spring and Annual Meetings tens of thousands of demonstrators regularly protest in front of the conference centers. The activists want to raise global awareness of the neoliberal trade and financial policies of the Bretton Woods Institutions. These policies were established in 1989 in the so-called “Washington Consensus” between the World Bank, IMF and the US Government.