Finance:Enough Is Enough (letter)
"Enough Is Enough" is a 100-page resignation letter written by Davison L. Budhoo, an economist from Grenada. Budhoo served as a senior economist at the International Monetary Fund (IMF) for 12 years until May 1988.[1] His public resignation letter was sent to Michel Camdessus, the then managing directory of the IMF. The letter accused the IMF of extensive and systematic statistical fraud, which was then used to impose policies on developing countries.[2] Budhoo claimed that the consequences of these policies led to massive poverty and starvation.[2] The letter resulted in two studies commissioned by the government of Trinidad and Tobago (which had its credit rating hit due to the false statistics, forcing it to seek help from the IMF) that confirmed his accusations.[3] The Canadian author Naomi Klein reported on the letter in her 2007 book, The Shock Doctrine.[4]
References
- ↑ Kevin Danaher (1994). 50 Years is Enough: The Case Against the World Bank and the International Monetary Fund. South End Press. pp. 20–. ISBN 978-0-89608-495-7. https://books.google.com/books?id=XK6Egbw4-PcC&pg=PA20.
- ↑ 2.0 2.1 K. M. Seethi (31 July 2016). "Enough Is ‘Not’ Enough: Is Kerala Poised For Social Darwinism?". Countercurrents. https://countercurrents.org/2016/07/31/enough-is-not-enough-is-kerala-poised-for-social-darwinism/. Retrieved 11 June 2018.
- ↑ Naomi Klein, The Shock Doctrine, p262
- ↑ "Proven: IMF brings down economies intentionally". 27 August 2012. https://skwawkbox.org/2012/08/27/proven-imf-brings-down-economies-intentionally/. Retrieved 11 June 2018.
External links
- The first 29 pages of Budhoo's original letter, "Enough Is Enough"
- An interview with Budhoo about the resignation letter
- Article summarizing Budhoo's resignation letter
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