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

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

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

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

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

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

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

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

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. 

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

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