Séamus Healy (Tipperary South, Workers and Unemployed Action Group)

From listening to some of the contributions from the Government side and this, one would believe the IMF was some kind of charitable Good Samaritan organisation helping out countries in economic trouble for the good of its health. It is very far from that. The IMF has created havoc across the world and has never acted with fairness. It is not even a democratic organisation. The claim this Bill will change the governance structures of the IMF to be more democratic is a fig leaf and laughable. Five or six big countries will control this organisation. For instance, Chinas' voting strength will rise from 3.66 to the larger quota of 3.81.

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