Health
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The year of the pandemic
12 March 2021 - by Michael Roberts
It is one year to the day since the World Health Organisation (WHO) [declared the COVID-19 outbreak or epidemic as a ‘pandemic’->https://www.who.int/bulletin/volumes/89/7/11-088815/en, namely the global spread of the disease. Of course, COVID-19 (...) -
South Africa: Vaccine Apartheid or Equality?
30 January 2021 - by Rehad Desai, South African Federation of Trade Unions
We are in the middle of a global shortage of supplies of COVID-19 vaccines. We are reliving the saga that happened early in the pandemic around access to personal protective equipment (PPE), where each country fought for its own patch. Getting (...) -
The G20’s wrong solutions and the need to suspend debt repayment
29 January 2021 - by Eric Toussaint
Last April, the G20 launched the idea of debt service suspension by poor countries until the end of 2020. What actually happened? Measures taken by the G20 regarding debt relief are utterly insufficient as well as unacceptable since they (...) -
Covid 2021: more calamity ahead?
4 December 2020 - by Michael Roberts
The news that a COVID-19 vaccine could well be available by the start of 2021 sent the stock markets of the world shooting up to new record levels. However, the rally was quickly tempered by the rocketing rise in COVID-19 infections as the (...) -
What kind of austerity after the Covid crisis?
2 December 2020 - by Eva Betavatzi
The present circumstances seem to rule out – for a time – using public debt considered to be excessive as a pretext for drastic austerity measures. The illusion of having escaped the vicious circle of debt to austerity is reinforced by the (...) -
The crisis triggered by the pandemic and the economic policy of the European Union
19 November 2020 - by Daniel Albarracín
This chapter will address the pandemic crisis at the level of political economy and, in particular, the fundamental decisions that the European Union is adopting, whose measures will take precise form once its particular institutional procedure (...) -
Covid 2021: more calamity ahead?
16 November 2020 - by Michael Roberts
The news that a COVID-19 vaccine could well be available by the start of 2021 sent the stock markets of the world shooting up to new record levels. However, the rally was quickly tempered by the rocketing rise in COVID-19 infections as the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 25)
The IMF and the World Bank in the time of Coronavirus: the failed campaign for a new image
9 November 2020 - by Eric Toussaint, Emilie Paumard, Milan Rivié
Considering the economic and social tragedy resulting from the structural adjustment policies (SAP) imposed on people in the South from the 1990s onward, several voices have exposed the promoters of such policies, namely the IMF and the World (...) -
Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?
3 November 2020 - by Iolanda Fresnillo
Today (14 October 2020) the European Network on Debt and Development (Eurodad) is publishing an update of the report first published in July which outlines the limitations of the G20’s Debt Service Suspension Initiative (DSSI). This includes new (...) -
The World Bank’s response to COVID-19
29 October 2020 - by Susan Engel, Nadeen Madkour, Owain Williams
The COVID-19 pandemic hit a world already struggling to find the fiscal space to adequately fund health and other social services. In this context, it is important to note that the World Bank’s long-term approach to healthcare has severely (...) -
Arrested Development: International Monetary Fund lending and austerity post Covid-19
13 October 2020 - by Daniel Munevar
A Eurodad-led review reveals insufficient and inadequate multilateral response to the Covid-19 pandemic on the part of the IMF, locking a large number of countries into a decade-long crisis of debt and austerity. A review of International (...) -
IMF’s new policy at odds with green Covid-19 recovery
13 October 2020 - by Bizcommunity
A new review of the International Monetary Fund’s (IMF) most recent economic policy advice for five countries with ongoing coal sector expansions show it is green-lighting fossil fuel expansion, despite the fund’s stated support for a green (...) -
How the IMF and World Bank Turned a Pandemic into a Public Relations Stunt
13 October 2020 - by Walden Bello
The IMF and the Bank would like the global South to believe that they are indispensable. They are not. The International Monetary Fund and the World Bank hold their annual fall meetings this week in the midst of a pandemic that has blazed a (...) -
The Bretton Woods Twins in the Era of COVID-19: Time for an Exit Strategy for the Global South?
13 October 2020 - by Focus on the Global South
As they mark their 76th year, the International Monetary Fund and the World Bank have been presented with a grand opportunity, not to save the world, but to salvage their tattered reputation. The Fund enters the annual IMF-World Bank meetings (...) -
Zambia, Debt and Covid-19
28 September 2020 - by Afrodad, JCTR
The pandemic has had a devastating impact on the living conditions of the population of Zambia. Debt relief with private creditor participation is required now to ensure the country can boost its Covid-19 response and support a sustainable (...) -
Fighting the actors of financialization and prohibiting profit on illegitimate private and public debt
22 September 2020 - by CADTM, Collective, Virginie de Romanet, Renaud Vivien, PAH , Antonio Gambini , ACiDe, Vicente Losada, Eva Betavatzi, Gilles Grégoire, Spanish Platform against vulture funds , Mats Lucia Bayer, Walter Actis, Ángel del Castillo, Mari Ángeles Bueno, Roberto Moreno, Miguel Vázquez, Pedro Martin Heras
In January 2020, the “Package of common demands on debt and the need for citizens’ control of finance at the european level”, coordinated by CADTM, was published. This document was written collectively by activists of nearly fifteen collectives and (...) -
Pandemics: prevention before cure
8 September 2020 - by Michael Roberts
There is now firm evidence of a strong link between environmental destruction and the increased emergence of deadly new diseases such as Covid-19. Indeed, increasing numbers of deadly new pandemics will afflict the planet if levels of (...) -
How the Global Financial System Is Hobbling South America’s Response to COVID-19
31 August 2020 - by Nicolás Aguila
This article was originally published on Jacobin and is part of the work currently done by the EReNSEP research team on the Political Economy of COVID-19 Argentina’s public health response to COVID-19 was far better than Jair Bolsonaro’s (...) -
Covid-19: Asian contrasts and lessons
7 August 2020 - by Pierre Rousset
The evolution of the pandemic is particularly contrasted in Asia where it is much more difficult to compare national situations and policies than in Europe. However, we can try to identify a few lines of reflection, which are necessarily (...) -
Puerto Rico Faces Crises: Covid, Hurricanes, Earthquakes, Drought
20 July 2020 - by Dan La Botz
The United States has suffered 135,000 deaths from COVID-19 and has tens of millions of unemployed and both crises continue now into the fifth month, but nowhere has the economic crisis been greater than in the U.S. colony of Puerto Rico. (...) -
On the World Economic Crisis
20 July 2020 - by Eric Toussaint, Dan La Botz
The Covid-19 pandemic and the worldwide lockdown have triggered a depression as great as that of the 1930s. The causes of this crisis, the character of government policies, and the programs put forward by working class groups are of concern to (...) -
Agro-imperialism in the time of Covid-19
16 July 2020 - by GRAIN
Nestlé, the world’s largest food company, is known for scandal. It earned the nickname “babykiller” in the 1970s for causing infant illness and death in low-income communities by promoting bottle feeding of its infant formula and discouraging breast (...) -
United States of America: Socialism for Big Capital and wild capitalism for the poor
10 July 2020 - by Eric Toussaint
While the US has been set ablaze since the end of May 2020 by a multitude of major antiracist demonstrations [1] and the ordinary working people of the world’s top power remain hard hit by the Covid-19 pandemic (as of 9 July 2020, in the United (...) -
IMF: if you didn’t like the starter, wait for the main dish
5 July 2020 - by Amandla
The Treasury has made clear that it is seeking a smallanyana three to five year loan from the International Monetary Fund (IMF) of $4.2 billion, at a smallanyana interest rate of 1 or 1.1%. It will also be looking for a loan of $55-60 million (...) -
The farcical Rupees (INR) 20 trillion ($265 billion) stimulus package
29 June 2020 - by Sankha Subhra Biswas
While the whole world is suffering from the COVID-19 pandemic with more than 10 million people affected by it, the economic crisis is more acute than ever. As a response, the governments of the developed as well as the developing countries came (...)
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