In countries like Senegal, the IMF has been complicit with irregular debt practices and fraudulent accounting in order to undermine sovereignty and favour multinational corporations.
Once plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt, and forced underdevelopment.
Argentina’s US-backed libertarian President Javier Milei is using an emergency decree to take a huge loan from the IMF, deepening the debt trap that has devastated the South American country’s…
In the deeply undemocratic IMF, where a country’s voting power is tied not to its population size but to the size of its economy, the US effectively holds a veto…
BRICS keeps expanding. As a new full member, it added Indonesia, the 4th most populous country with the 7th largest economy on Earth. BRICS now has 10 members and 8…
Two of Zambia’s key copper mines have returned to foreign private control. The metal, which is 70% of Zambia’s exports, is a major source of foreign exchange at a time…
Political Economist Grieve Chelwa explains the reasons why countries of the Global South are forced to go time and again to the International Monetary Fund for aid.
By Eve Ottenberg / CounterPunch The U.S. tyranny of monopoly capital has long preferred to deal with fascist governments abroad, specifically in the Global South. American oligarchs’ foreign fascist sycophants…
With the world's three largest economies slowing down, said the IMF managing director, economic conditions will "feel like recession for hundreds of millions of people" this year.
France’s ex US Ambassador Gérard Araud criticized Washington for frequently violating international law and said its so-called “rules-based order” is an unfair “Western order” based on “hegemony.” He condemned the…
The IMF said a “wave of debt crises” may be coming in the Global South, and “the global economy is headed for stormy waters,” due to war, rising US interest…
The IMF's surprise concern for increasing inequality in the UK offers a chance to look at inequality facing the rest of the world.
A conversation with Jamie Martin about the imperial origins of the world’s economic governance, imagining an alternative to these institutions, and his new book, The Meddlers.
The central bank has the tools to help American families suffering from rising food and energy bills right now, with a bit of updating to its rules.
A question now on many economists’ minds is whether the United States should have its own CBDC. A compelling case for it is made by Prof. Saule Omarova, President Biden’s…
