The IMF is spending $93 billion bailing out reckless lenders
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt …
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A Brief History of Doom – Richard Vague
Per the publisher Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and …
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World Bank chief calls for transparency in China’s foreign lending
Malpass says greater openness is crucial to avoid debt traps. FUKUOKA, Japan — The World Bank is “working hard” to ensure China improves transparency in lending to developing countries, the …
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Skyrocketing household debt
The TUC is right to highlight the problem of skyrocketing levels of personal debt. Driven by a decade of wage stagnation, austerity and profiteering by banks and finance companies, more …
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Developing country borrowing costs increase 7 times more than US in past year
Interest rates on new developing country borrowing increased by an average of 2.2 percentage points over the course of 2018. Yields on low- and lower-middle income country debt, calculated by …
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Sierra Leone: Ebola debt to IMF contributes to big cuts in public spending
In November the IMF agreed a new $172 million loan programme with Sierra Leone, spread over the next 3 and a half years, until mid-2022. At the same time, the …
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Vulture funds and governments seek profit from Sudan debt relief
Today the Financial Times has reported that a group of vulture funds have hired lawyer Lee Buchheit to argue for debt relief for Sudan. They hope that if the North …
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Three Years and Counting
Bête noir to established economists Steve Keen tells the Mint why Brexit ended a stupid policy but the government line on trade agreements is nonsense and an economic zombie apocalypse …
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