Who Is The Biggest Vulture In The Room?

As investigative reporter Greg Palast (Project Censored #10 for this year) showed in his two-part series for the BBC, vulture funds and the inability of poor governments to properly fund social programs for their citizenry are inextricably linked.

Vulture funds, as Meirion Jones observes, are defined by the IMF as companies which buy up the "debt of poor nations cheaply when it is about to be written off and then sue for the full value of the debt plus interest - which might be ten times what they paid for it". But similar types of predatory practices are not favored only by private companies such as Debt Advisory International (DAI), they have been utilized by the IFIs themselves - the IDB, IMF and World Bank - to destabilize out of power poor governments that engage in economically sovereign policies.