Pakistan is beleaguered by numerous crises on the political, social, and economic fronts. The debt problem has received a lot of attention, and analysts are wondering if the IMF would soon release the final $1.1 billion tranche of a $6.5 billion loan programme sanctioned in July 2019 and subsequently extended and improved. Farooq Tariq explains Pakistan's demise as a result of political turmoil. Abdul Khaliq examines the effects of the China-Pakistan Economic Corridor (CPEC) and Pakistan's rising debt to China in another article. Eric Toussaint and Anaïs Carton call for a global repudiation of illegitimate debt.

While popular mobilisations shake Emmanuel Macron, the Fitch financial rating agency downgraded France’s rating. Yvette Krolikowski exposes the obnoxious roles played by private rating agencies, while Yorgos Mitralias examines the country's fragile political environment.

Sushovan Dhar and Hitesh Potdar bring our attention to the hazardous working conditions that Indian labourers confront.

Various organisations joined hands to raise voices against illegitimate debts and vulture funds in Madrid recently. The Madrid Manifesto was adopted on this occasion, which demands an end to austerity policies, illegitimate debt, tax evasion, predatory banking and insurance, and vulture funds.

Also find articles on agrarian distress in the UK, USA, China, BRICS, South Africa, IMF-WB, and others.

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