A recent World Bank reports examines Sri Lanka’s austerity policies following the 2022 external debt default

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

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.

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

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 

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

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

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’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”

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

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