IMF praised economic reforms of Libya, Egypt, Bahrain, etc. -- OOPS!

If you want to know which Mideast dictatorship will be the next domino to fall, don't ask the IMF. They thought everything was hunky-dory.

Just something to keep in mind when the IMF and World Bank are ramming structural reforms down poor and developing countries' throats. They really don't have a clue or seem to care about the consequences of their "tough love."

More broadly, global financial markets don't care about human rights,dignity or liberty. They like government stability and assurances for their investments.

I.M.F. Reviews Praised Libya, Egypt and Other Nations

By Pierre Briancon and John Foley

February 22, 2011 | New York Times

URL: http://www.nytimes.com/2011/02/23/business/23views.html?_r=1

Statement at the Conclusion of the 2010 Article IV Consultation Mission to Bahrain

Press Release No. 10/486

December 13, 2010 | International Monetary Fund

URL: http://www.imf.org/external/np/sec/pr/2010/pr10486.htm