Hacker News new | ask | show | jobs
by logicallee 4090 days ago
No, the IMF isn't a creditor just like any other. Its wikipedia page reads,

>The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., in the United States, of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

I realize that you might consider it simply marketing text, so that you may likewise read the same thing about Goldman Sachs. I can imagine reading this text in an advertisement:

>Goldman Sachs is an American multinational investment banking firm working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

But I wouldn't take it at face value. Do you really think there is no difference between the first sentence and my version with Goldman Sachs in it?

This is an open question. Personally, I read the first versoin (with IMF, taken from its WP page) at face value, whereas I would roll my eyes if I saw the version with Goldman Sachs in it and would consider it to be content-free marketing written by an ad agency with no relationship with Goldman Sachs, nor is there any chance the second version would be accepted by Wikipedia as a neutral point of view.

Basically, I am saying that in my personal opinion and Wikipedia's, the IMF is not "a creditor like any other."

1 comments

If you read up on IMF's track record, esp. in Latin America, you could be excused to roll your eyes approximately as hard with both versions. I understand that Wikipedia accepts the first definition because it's an official mission statement of the IMF. That doesn't make it any more true in practice.