"The International Monetary Fund has agreed to cancel $3.3 billion owed by 19 of the world's poorest countries, after reports that it was back-tracking on the debt-relief plan sparked an outcry." (link) Thisshould be met with a nuanced response. Certainly, there should be a sense of elation that this seems to becoming to fruition after years of seemingly feeble hand-drawn signs screaming "Drop the debt!" at them. But this gives the IMF enormous leverage to push SAPs and continue their worldwide extortion campaign; it makes them look like the good guy for once. That is the fatal flaw in accepting concessions from Power. So now the NGOs might consider this the beginning of the end of their work, but we should see it as the end of the beginning. [direct action gets the goods]