South African should be wary about long term repercussions of new IMF loans
5 June 2020 by Patrick Bond
Amidst this raging debate about the role of IMF loans to pull out countries from the economic mess triggered by the outbreak of the pandemic, Patrick Bond, professor at the University of the Western Cape School of Government in an interview to Radio Islam International warns us about the impacts of such loans. He insists that instead of solving the crisis, the IMF loans will drag countries into further mess with long-term implications.
is professor at the University of Johannesburg Department of Sociology, and co-editor of BRICS and Resistance in Africa (published by Zed Books, 2019).
Other articles in English by Patrick Bond (89)
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Lessons from the assassination of Fikile Ntshangase: Climate violence, the “Right to say No!”, uncompensated resource extraction, financial profiteering and unpaid ecological debt in South Africa’s coal mining belt
22 October, by Patrick Bond
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The latest Bretton Woods bean-counting scandal nearly evicts IMF director Georgieva: “Torture the data until they confess” (or until you’re busted), economists profess
13 October, by Patrick Bond
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BRICS New Development Bank Corruption in South Africa
5 September, by Patrick Bond
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Global North ‘climate reparations’ to prevent Southern fossil-fuel conflict
19 August, by Patrick Bond
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China’s role in amplifying Southern Africa’s extreme uneven development
30 June, by Patrick Bond
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‘Unequal ecological exchange’ worsens across time and space, creating growing Northern environmental liabilities
19 May, by Patrick Bond , Rahul Basu
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Measuring Capital’s Super-Exploitation of People and Nature in South Africa: First-Cut Empirical Evidence drawing upon Rosa Luxemburg’s Methodology
7 April, by Patrick Bond
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Learning from Hilferding’s Finance Capital: Money, banking and crisis tendencies
25 March, by Patrick Bond
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Western Imperialism and the Role of Sub-imperialism in the Global South
13 January, by Patrick Bond , Ana Garcia , Miguel Borba
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As South African climate justice veterans fall, consciousness begins reviving, from below and across
2 January, by Patrick Bond
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The latest Bretton Woods bean-counting scandal nearly evicts IMF director Georgieva: “Torture the data until they confess” (or until you’re busted), economists profess
13 October - Patrick Bond -
The IMF’s announcement of $650 billion in Special Drawing Rights: advertising effect
8 September - CADTM, Eric Toussaint, Milan Rivié -
Credit ratings are punishing poorer countries for investing more in health care during the pandemic
31 August - Ramya Vijaya -
Some notes on the world economy now
25 June - Michael Roberts -
Global Austerity Alert: Looming Budget Cuts in 2021-25 and Alternatives
5 May - Isabel Ortiz, Matthew Cummins
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G20 initiative leads to less than a quarter of debt payments being suspended
14 October - Jubilee Debt Campaign -
China at a turning point?
6 October - Michael Roberts -
[Video] What solutions for the countries of the South crushed by the burden of the debt ?
20 September - Iolanda Fresnillo, Omar Aziki, Ndongo Samba Sylla, Juan Pablo Bohoslavsky, Anaïs Carton -
The IMF’s announcement of $650 billion in Special Drawing Rights: advertising effect
8 September - CADTM, Eric Toussaint, Milan Rivié -
The US Lost in Afghanistan. But US Imperialism Isn’t Going Anywhere
7 September - Gilbert Achcar
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Lessons from the assassination of Fikile Ntshangase: Climate violence, the “Right to say No!”, uncompensated resource extraction, financial profiteering and unpaid ecological debt in South Africa’s coal mining belt
22 October - Patrick Bond -
BRICS New Development Bank Corruption in South Africa
5 September - Patrick Bond -
Global North ‘climate reparations’ to prevent Southern fossil-fuel conflict
19 August - Patrick Bond -
What can be done now to ameliorate poverty, unemployment and inequality?
2 August - Jeff Rudin, Jonathan Cannard, Bruce Baigrie, Maxine Bezuidenhout, Jaco Oelofson, Keamogetswe Seipato -
South Africa: Towards a General Strike
19 July - Amandla, Zwelinzima Vavi
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