Why did Milei apply for another IMF loan and what are the chances of the peso’s devaluation?
Three economists analyze Argentina’s secret IMF. Their conclusion: the government, which is secretly negotiating against the clock to achieve exchange rate stability, is about to unravel.
Milei promised prosperity, yet 70% of Argentina’s population now lives in poverty
Recent reports from the Catholic University of Argentina and CELAG indicate that poverty has significantly increase during the eight months of Milei’s government
Pakistan’s economic crisis likely to worsen after passing of IMF-dictated budget, rise in fuel prices
The Finance (Supplementary) Bill, 2023, was tabled last week, on February 15, in line with measures required to secure the next IMF loan tranche of USD 1.1 billion
Sri Lanka deploys army to distribute fuel amid the country’s worst economic crisis in decades
The decision to deploy military personnel comes after Sri Lanka reported four deaths in 48 hours in fuel queues this week as people lined up for hours outside filling stations after a sudden hike in prices of essential commodities.
Multiple protests hit Iraq over currency devaluation, non-payment of salaries
The government has tried to justify the currency devaluation as a necessary measure to prevent the country’s foreign reserves from running out. Other austerity measures have also been planned for the near future
Migrant workers in Lebanon reach agreement with waste management company
Approximately 400 migrant workers were on strike for weeks after management of the Lebanese waste management company, RAMCO, started cutting their wages and paying them in Lebanese pounds instead of the contractually obligated US dollar
Argentinians demand implementation of the Food Emergency Act
The economic crisis in Argentina has had dire effects on the population’s access to food, total food insecurity rose from 21.7% in 2017 to 29.3% in 2018
Doctors in Zimbabwe’s public hospitals go on an indefinite strike
In less than a year since the introduction of the RTGS currency, the value of salaries of civil servants in Zimbabwe has dropped to less than 10% of what they were in USD
Massive mobilization against the socio-economic crisis in Argentina
Protesters demand the extension of social emergency measures, increase of pension and retirement benefits, rise in the Supplementary Social Salary and the implementation of the Food Emergency Act.
Argentinians take to the streets to demand measures to combat economic crisis
Social movements will hold a day-long national struggle to demand concrete measures for the public sectors on August 28.
Social movements in Argentina mobilize against Macri
The intensified struggle is in response to the desperate situation that Argentinians have to face because of a spiraling economic crisis brought about by Macri’s neoliberal policies
Why did the Argentine peso plummet following Macri’s loss?
The struggling Argentine peso suffered a significant loss in value after the defeat of Mauricio Macri in the primary elections. We spoke to Argentine economist Emiliano López about how and why this occurred
- Brazil approves end to 6×1 work schedule and reduction of the work week to 40 hours
- Israel kills 31 people in Lebanon on the eve of Eid al-Adha
- Israel carries out sixth consecutive Eid massacre in Gaza
- Far-right Janez Janša to return for fourth government term in Slovenia
- With peace deal nearly final, US launches fresh attacks on Iran
