International Monetary Fund (IMF)
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

South Africa’s energy crisis escalates

Behind rolling power cuts in South Africa loom deep-seated socioeconomic issues worsened by the rich countries of the world

Ghana IMF bailout Ghana’s unions and left reject bailout talks with the IMF as economic crisis spirals 

Ghana has initiated talks with the International Monetary Fund to seek a potential bailout amid a major economic crisis. This has been rejected by the Socialist Movement of Ghana and trade unions who argue that this will do nothing to alleviate the structural problems in the economy

Sri Lankan president Gotabaya Rajapaksa’s resignation to be officially announced tomorrow

On Thursday, July 14, the speaker of the Sri Lankan parliament said that the resignation of President Mahinda Rajapaksa would be officially announced once legal formalities are concluded

Sri Lanka faces political uncertainty amid economic turmoil

With both Sri Lanka’s president and prime minister promising to resign, the question of who will form the next government is paramount even as the economic crisis continues unabated

IMF loans to Africa IMF loans continue to undermine health in Africa

The International Monetary Fund has a long history of insisting on loan conditionalities which are harmful to public services. This practice did not change even during the pandemic, with African countries being some of the worst affected

“Sri Lanka needs a strong public distribution system, wealth tax and universal welfare measures”

In the second part of an interview with Peoples Dispatch, Ahilan Kadirgamar analyzes the economic crisis faced by Sri Lanka and talks about the steps that need to be taken urgently

How has Sri Lanka’s political landscape transformed over the past months?

Ahilan Kadirgamar, senior lecturer at the University of Jaffna, analyzes the recent political developments in Sri Lanka after the fall of the powerful Mahinda Rajapaksa

Pakistani left organizes protests against rising inflation as economy staggers

Protestors raised slogans against inflation and the anti-people policies of the International Monetary Fund. The national government, led by Shehbaz Sharif, is adopting drastic measures to convince international lending authority for a bailout package. 

Is this the end of the French project in Africa’s Sahel?

Mali recently announced that it would no longer be part of the G5 Sahel. From the beginning, it was clear that the formation of the G5 Sahel was encouraged by France, and that the real focus was to be security.

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.

Mapping Faultlines: Political and economic crises land Sri Lanka in perfect storm

NewsClick’s Prabir Purkayastha talks about the crisis in Sri Lanka and the political and economic factors that caused it