A Reading on Ecuador’s Return to the World Bank | real utopias | Scoop.it

Since the beginning of the project, the Correa government’s proposed economic plan has tried to overcome neoliberal vision, while recovering the State’s role in the economy. It seemed that the IMF and World Bank’s impositions were left in the dust- they precipitated an “orthodox, conservative and prudent” management of the economy. Washington’s consensus, and especially its discourse, was filed away like a bad memory of a long and sad night for Ecuador. In all, restrictive and neoliberal-inspired macroeconomic policies appeared to be things of the past. The State has unquestionably recovered a central role in the economy, an example of which is expressed by extremely large public investments requiring great amounts of financing. But in the end, the State has become but an ever more active guest at the banquet of capitalist reconstruction.