Health

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 (...)
Launching a new powerful international social and political movement

9 June 2020 - by Eric Toussaint, Alexis Cukier

We publish this interview of Eric Toussaint conducted by Alexis Cukier in May 2020 for the Greek alternative media K-Lab. In this interview, Eric Toussaint sketches out the outline of a new international social and political movement to be (...)
Immediate cancellation of South Asian debts!

8 June 2020 - by CADTM, Collective

The coronavirus has unveiled the spectre of a larger crisis. A majority of the planetary economies were already in the throes of over-production, stagnation and even, a recession, which deepened with the day, since the sub-prime crisis of (...)
IIF Private creditor participation proposal: A cure worse than the disease

5 June 2020 - by Daniel Munevar

Following the G20 Debt Service Suspension Initiative (DSSI) announced during the 2020 Spring Meetings, the International Institute of Finance (IIF) has released a template for the voluntary involvement of private creditors in a debt service (...)
Running to the now ‘reformed’ IMF would be a mistake

3 June 2020 - by Dominic Brown

Covid-19 creates an opportunity for the government to act boldly, which includes greater investment in social services and a much larger public sector Historically regarded as a villain that has obstructed the prosperity of “developing (...)
Time For A Renewed Anti-Debt Movement

1 June 2020 - by Eric Toussaint, Beverly Keene, Lidy B. Nacpil, Dorothy Guerrero

The coronavirus and global lockdowns mark 2020 as the year in which we re-confront these same issues, only this time with even greater life-or-death urgency, as leaders in one country after another, responding primarily to their own immediate (...)
Tackle the Household Debt Pandemic- Cancel Debt! Create Common Credit!

30 May 2020 - by Amali Wedagedara, Ermiza Tegal

The onset of island-wide curfew since mid-March delivered a blow to the economy of working people. Millions of working people lost their jobs, or had wage cuts. Small farmers could not sell their harvest or sell it at a decent price. Fishers (...)
“Business as usual” at Socfin and Bolloré...

26 May 2020 - by CADTM France, Collective

On 26 and 27 May 2020, the Socfin and Bolloré groups hold their annual general meetings. Socfin, which is 39,7% owned by Bolloré, controls 400,000 ha of oil palm and rubber tree concessions in ten African and Asian countries with the participation (...)
Millions forced to choose between hunger or Covid-19

26 May 2020 - by GRAIN

On the eve of May Day 2020, in full coronavirus pandemic, the International Labour Organisation (ILO) released some hair raising statistics. About 1.6 billion workers from the informal sector are in dire straits because of the lockdowns (...)
The Corona pandemic and the Struggle for our Peoples’ Resources and Food Sovereignty

22 May 2020 - by Omar Aziki

This is a transcript Omar Aziki’s presentation of the North African Network for Food Sovereignty and was a part of our first webinar in Arabic. North African Network for Food sovereignty Today, it appears that the Coronavirus Pandemic will (...)
Call of peoples, organizations, movements and networks in North Africa and the Middle East/The Arab region – For the cancellation of debts and dropping of the “free trade” agreements

20 May 2020 - by Collective

To address the Corona pandemic and its severe consequences: the need to break with the tools of imperialist domination over our peoples: indebtedness and “free trade” agreements The people of North Africa and the Middle East/The Arab region are (...)

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