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.
Rights groups express concern over proposed anti-terrorism bill in Sri Lanka
Sri Lanka’s latest anti-terror legislation gives greater powers to law enforcement agencies, which human rights groups fear will be used to suppress the democratic rights of citizens
Pakistan’s food crisis continues, 11 die in stampedes
As inflation in Pakistan crosses 47%, panic has set in among the people. Food prices have soared for the eleventh consecutive month, with shortages of several basic commodities being reported
Workers launch strike against privatization of Sri Lanka’s state-run petrol corporation
The government’s program to divest from state-run enterprises like the Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) are parts of managing state expenditure as per the IMF’s conditions
Sri Lanka secures its 17th IMF bailout package of USD 3 billion
The bailout package for Sri Lanka under IMF’s Extended Fund Facility (EFF) has been in the pipeline after the country defaulted on its foreign debt last April
Thousands of workers observe nationwide strike against increased taxation in Sri Lanka
Over 40 trade unions have announced a nationwide strike against the new income tax policy that has doubled taxation and increased the cost of living in Sri Lanka
- 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
