1998

The IMF eliminate food and fuel subsidies for the poor in Indonesia. At the same time the IMF soaked up tens of billions of dollars to save Indonesia's financiers or rather the international banks from whom they had borrowed.

A document leaks out of the World Bank, called, "Master Plan for Brazil." In it it spells out five requirements to ensure a flexible public sector workforce. These are as follows:

• • Reduce Salary/Benefits

  • Reduce Pensions

  • Increase Work Hours

  • Reduce Job Stability

  • Reduce Employment