International Monetary Fund (IMF)

Pakistan IMF

As Pakistan negotiates a loan with the IMF, for what could be its 13th and possibly the biggest bailout package from the IMF, we take a look at why it is difficult for the South Asian giant to hold down a stable economy

Last week, the people of Haiti erupted in protests over fuel price hikes. Behind the protests lie a story of corruption by the elite, blatantly insensitive IMF policies, predatory pricing by US oil firms and the fallout of the economic war on Venezuela

The demonstrations were called for by the Workers’ Confederation of the Popular Economy, the Corriente Clasista y Combativa, Barrios de Pie, the Darío Santillán Popular Front and the Front of Organizations in Struggle

The wage hike of around $55 comes after months of rallies, protests and a one-day general strike last month which brought air transport, bus services and railways to a halt. The government, following an agreement with the IMF, had frozen the salary of public servants

The marches against the austerity policies of the Mauricio Macri began on January 10 under the banner of the Trade Union Front for the National Model. Water, electricity and gas rates are in the process of being massively hiked in order to meet IMF requirements on deficit

The strike call was made after negotiations between the government and the Tunisian General Labour Union over wage hikes failed. The country has been rocked by protests following the government implementing IMF-ordered austerity measures

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