Same as the old boss
In November 2020, Zambia defaulted on its international debt, the first African country to do so since the start of the COVID-19 pandemic. Howard Stein and Horman Chitonge criticise the …
Same as the old boss Read MoreTag: IMF
World Bank called to account – The SAPRI report, 20 years on
Rick Rowden talks to Doug Hellinger, the leader of a groundbreaking probe into World Bank programmes in the developing world, about the initiative’s significance and its lessons for today’s advocacy …
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Argentina’s poverty rate spikes in first 6 months of President Milei’s shock therapy
BUENOS AIRES, Argentina (AP) — Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’ s presidency, the statistics agency reported Thursday, a steep rise …
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As Sri Lanka votes, a $2.9bn IMF loan looms large
Ahead of Sri Lanka’s presidential election, no issue is more central than the economy. With the South Asian country still struggling from its worst financial crisis in decades, Saturday’s ballot …
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IMF at 80: Enough colonial exploitation of debt
Mass protests rocking Kenya in the past month have once again laid bare the predatory lending practices of the International Monetary Fund (IMF). Placards read “IMF keep your hands off Kenya,” …
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Argentina’s Milei announces 50% currency devaluation and large cuts to public spending
Argentina’s new president, Javier Milei, on Tuesday announced an official devaluation of the peso of 50%, virtually turning on the chainsaw that he famously used at campaign events. The government …
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U.S. aids Pakistan IMF bailout with secret Ukraine arms deal
SECRET PAKISTANI ARMS sales to the U.S. helped to facilitate a controversial bailout from the International Monetary Fund earlier this year, according to two sources with knowledge of the arrangement, …
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The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’
Latin America is suffering the economic effects of the post-pandemic period, but Chilean Rodrigo Valdés, 56, the economist responsible for the Western Hemisphere Department of the International Monetary Fund (IMF), …
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The key points of Sri Lanka’s plan to restructure domestic debt
The Central Bank of Sri Lanka (CBSL) has unveiled a far-reaching domestic debt restructuring plan aimed at restoring stability in the crisis-hit country. The move on Thursday comes as the …
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IMF wants Egypt to make reforms before bailout review: Report
The International Monetary Fund wants Egypt to enact more of the reforms that Cairo has committed to before it conducts the first review of the country’s $3bn rescue package, Bloomberg …
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