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Pakistan : Regime Change, Political Turmoil and Deepening Debt Crisis

3 May 2022 - by Abdul Khaliq

Pakistan has plunged into a major political crisis after the removal of Prime Minister Imran Khan on 10 April 22, through a successful no-confidence motion against the PTI govt. The month-long political crisis began on 8 March when the country’s (...)
The Argentinian (2001) and Sri Lankan (2022) Financial Crises: Ways Forward from a Feminist Perspective

27 April 2022 - by Corina Rodriguez

In response to Sri Lanka’s ongoing economic crisis, and the consensus across the political spectrum and even social classes that an International Monetary Fund (IMF) bail-out and structural adjustment programme is the only short-to-medium term (...)
Why should Ukraine’s debt be cancelled?

21 April 2022 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar: How much is the Ukrainian public debt and who are the main creditors? Eric Toussaint: Ukraine’s external debt, public and private, is about $130 billion, half of this debt is owed by the government, and the other half by the (...)
Sri Lanka: No agreement with the IMF!

15 April 2022 - by Eric Toussaint, Sushovan Dhar

A Sri Lankan delegation will travel to Washington next week to try to secure up to $4 billion from the International Monetary Fund and other lenders to help the island nation pay for food and fuel imports as well as stem defaults on its debt. (...)
Climate change and wars

10 April 2022 - by Michael Roberts

As the ugly war in Ukraine drags on, with more lives lost and atrocities (apparently) committed, energy and food prices hit yet more highs. The Food and Agricultural Organisation (FAO) of the UN publishes a monthly global price index. The FAO (...)
Conclusion of Sankara and Companions Case : A Salutary Trial. But the demands for truth continue

9 April 2022 - by Réseau International « Justice pour Sankara justice pour l’Afrique »

A historic trial has been concluded. It is with great satisfaction that we learn of the life sentences given to Blaise Compaoré, Gilbert Diendéré and Hyancinthe Kafando. Such an outcome was never sure. But if the essence of the national conspiracy (...)
Argentine civil society denounces new IMF agreement as illegitimate

9 April 2022 - by Bretton Woods Project

As reported by Al Jazeera, the Argentine Senate voted on 18 March to proceed with a 30-month Extended Fund Facility (EFF) arrangement of $45 billion or 1000 per cent of the country’s quota. The programme was agreed upon days ahead of a payment of (...)
Why the Popular Movement in Argentina Against the Debt and the IMF is Important

8 April 2022 - by Maria Elena Saludas

The Argentine government and International Monetary Fund (IMF) negotiators reached an agreement on 3 March to refinance some 45 billion dollars in debt. An agreement that was ratified by a majority of Members of Parliament (MPs) on the night of (...)
Urgent plea by Sri Lankan feminists to address the unfolding humanitarian crisis caused by the economic collapse in Sri Lanka

6 April 2022 - by Collective

Sri Lanka is facing the worst economic crisis in its post-independence history. Widespread food and fuel shortages are crippling the lives of people. Such a situation that has already lasted several weeks is now resulting in widespread protests (...)
Frying Pan of Shortages to the Post-IMF Fire

4 April 2022 - by Ahilan Kadirgamar

The scorching heat in April and May is going to fry our working people as food and medicines are in short supply, oil shortages lead to transport disruption and power cuts shut down shop floors. What does one make of the mismanagement of an (...)
The submerging market debt crisis

4 April 2022 - by Michael Roberts

Last week, Ghana’s central bank announced its biggest ever interest-rate hike as it sought to slow rampant inflation that threatens to create a debt crisis in one of West Africa’s largest economies. The Bank of Ghana raised its main lending rate (...)
Global Sovereign Debt Monitor 2022

4 April 2022 - by Erlassjahr.de, MISEREOR

In the context of the COVID-19 pandemic, the global debt situation has deteriorated. Countries in all regions of the world will emerge from the pandemic with unsustainable debt levels. While it was possible to avoid a massive sovereign default (...)
The challenges of the odious debt doctrine in Ukraine

3 April 2022 - by Mats Lucia Bayer

While the Russian invasion of Ukraine continues, the latter contains to languish in a deep debt trap. This has serious consequences for the Ukrainian working people, attacked continuously - socially, politically and economically. We reproduce (...)
Two hectic weeks in Argentina, against the agreement with the IMF

31 March 2022 - by Eric Toussaint

It has to be noted that in March 2022 the political and social life in Argentina was largely polarized by acceptance or rejection of the 22nd agreement between Argentina and the International Monetary Funds. A little background: Relations (...)
The Meltzer Report

29 March 2022 - by Allan H. Meltzer

The succession of crises that swept over the so called emerging countries in the nineties and the ensuing disastrous IMF and World Bank interventions provoked a world wide debate concerning the future and the role of these Bretton Woods’ (...)
Averting the Looming Food Crisis

27 March 2022 - by Sandun Thududgala

A food crisis is inevitable. Food prices are soaring; shortages in essential food items are creating long queues, affecting people’s ability to work and get on with productive lives; the foreign reserve crisis has restricted the country’s ability (...)
Ukraine-Russia: like an earthquake

21 March 2022 - by Michael Roberts

“The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries”. That’s how IMF chief Kristalina Georgieva described the impact of the war on the world economy. Nobody (...)
The three contradictions of the Long Depression

14 March 2022 - by Michael Roberts

One of my basic theses about modern capitalism is that since 2008, the major capitalist economies have been in what I call a Long Depression. In my book of 2016 of the same name, I distinguish between what economists call recessions or slumps (...)
Government Mortgages Women on Behalf of the Microfinance Companies

8 March 2022 - by Collective of Women Affected by Microfinance

The statement was issued by the Collective of Women Affected by Microfinance, Sri Lanka to commemorate International Women’s Day. March 08, 2022 The government that came into power pledging to abolish all microfinance debt has failed to keep (...)
MANIFESTO - CADTM - 8 MARCH “FOR A FEMINIST NON-PAYMENT OF THE DEBT”

7 March 2022 - by CADTM International

We are feminist, internationalist and anti-capitalist activists of the CADTM from different parts of the world. On the occasion of the 8th of March, International Day of Struggle for women’s rights, we want to emphasize feminist demands and (...)

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Committee for the Abolition of Illegitimate Debt

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