Debt crisis
Los aranceles de Trump podrían intensificar la crisis de deuda de Sri Lanka

Trump impuso un arancel del 44 % a los productos de Sri Lanka, mientras el país lucha por salir de la crisis económica provocada por la deuda.

Trump’s tariffs could intensify Sri Lanka’s debt crisis

Trump slapped a 44% tariff on Sri Lankan goods, as the country struggles to dig its way out of debt-fueled economic crisis

Can we exit from a world of debt?

Half the world’s population (3.3 billion) lives in countries that allocate more of their budget to pay off the interest on debt than to pay for either education or health services.

Neocolonial debt, extractivism, and the roots of Zambia’s economic crisis

Two of Zambia’s key copper mines have returned to foreign private control. The metal, which is 70% of Zambia’s exports, is a major source of foreign exchange at a time when the country is facing a major debt crisis

Ghana witnesses fresh protests against rising cost of living

People took to the streets of Accra for a three-day action under the slogan #OccupyJulorbiHouse to protest the rising cost of living and worsening economic conditions. Ghana is facing a severe debt crisis and has entered into its 17th loan program with the IMF, raising fears of further austerity measures 

Activists demand Blackrock cancel Zambia’s debt

70% of Zambia’s debt is held by Western institutions, and 220 million is held by investment giant BlackRock.

US-based organizations demand BlackRock cancel it’s share of Zambia’s debt

Western institutions own 70% of Zambia’s debt. It’s time for the largest private owner of such debt to cancel it entirely, say activists

Death toll mounts in Kenya as police intensify crackdown on protests against US-IMF backed tax regime Death toll mounts in Kenya as police intensify crackdown on protests against US-IMF backed tax regime

After police killed six protesters and arrested more than 300 on July 19, Kenya’s left and human rights group warned of a resurgent police state. Kenyans have been protesting President William Ruto’s Finance Act that increases taxes on essential goods

Kenya protests While Kenyans are protesting on the streets, US and IMF cheer President William Ruto’s ‘reforms’

Kenya’s Finance Act 2023, which has provoked country-wide protests by aggravating the cost of living crisis through taxes on basic commodities and incomes, is welcomed by the US because it will “give Americans safety on investing in the country”

Kenya protests death Ruto Understanding mass protests and violent repression in Kenya: William Ruto’s tax hikes

At least 12 people have been killed and hundreds arrested in mass protests that have been rocking Kenya for over a week. A root cause of the anger is the doubling of taxes on fuel that will have a disastrous impact on the people who are already facing a cost of living crisis

Activists in Ghana march to the parliament demanding tax-free periods

The activists have vowed to return to the streets if taxes on menstrual hygiene products are not removed.

Ghana Don't tax my periods Ghanaian activists reject high taxes on menstrual products in struggle to “bleed with dignity”

On June 22, Ghanaian activists will take to the streets for the “Don’t Tax My Period” march which is being organized by the women’s wing of the Socialist Movement of Ghana and allied organizations. The mobilization takes place as anger builds over the heavy taxation of menstrual hygiene products.