Debt crisis
Pakistan IMF bailout As Pakistan moves towards another IMF bailout, more misery looms ahead for its people 

Islamabad is gearing up to implement tougher austerity measures in the hopes of accessing stalled IMF loan disbursements even as people in the country are facing food shortages and record levels of inflation 

Ghana debt crisis Who is responsible for Ghana’s debt crisis?

Ghana has approached the G20 to restructure its external debts, the majority of which are held by private lenders. The process is necessary to unlock a $3 billion IMF bailout that will see severe austerity measures imposed on the Ghanaian people

Pakistan flood aid pledges $10 billion in aid has been promised to Pakistan’s flood survivors but many questions remain

Pakistan received nearly $10 billion in funding pledges for post-flood recovery at a conference in Geneva this month, but 90% of this money will be in the form of loans, at a time when Pakistan is already facing a severe debt crisis and worsening socio-economic conditions

IMF bailout for Zambia Zambia’s debt crisis a warning for what looms ahead for Global South

Zambia is heading toward critical negotiations to restructure its mounting debts. The IMF has approved a $1.3 billion bailout plan for the country, which will impose cruel austerity measures on the Zambian people

The results are in after four years of the IMF agreement in Argentina

The entire loan was used to finance the foreign exchange crisis and did not help to fight inflation, stabilize the dollar or overcome inflation.

Amid overwhelming debt and despair, NYC’s yellow cab drivers begin hunger strike

The city’s iconic yellow cab drivers are fighting to end a crushing debt crisis, manufactured by the city and Wall Street profiteers

People across the United States demand cancellation of rent

In cities and towns across the US people mobilized to demand the cancellation of rents and called on Congress to wipe out all rent and mortgage debt accumulated during the pandemic.

What Fidel Castro means to us.

In honor of Fidel Castro’s birthday, Vijay Prashad writes about his legacy for the peoples of the Third World and his clarity in raising the primary crises facing humanity

The revolutionaries, when they rise, care for nothing but love

In his weekly newsletter for the Tricontinental Institute for Social Research, Vijay Prashad discusses the 10 year anniversary of the beginning of the “Arab Spring”

Problem of external debt in the third world

The collapse in commodity prices has forced these countries into greater external borrowing to manage their balance of payments