The author argues that origins of the global economic crises are to be found within the capitalist and imperialist system. 

As the IMF discusses a new programme with Mozambique, an important debate with and within the IMF becomes relevant. After the secret debt fiasco, the IMF has the upper hand, but donors and civil society will need to monitor the discussions to ensure that a hard-nosed IMF negotiating team actually follows the new guidelines emerging from Washington.