People are being asked to endure austerity cuts while suffering a cost-of-living crisis, write Isabel Ortiz and Sara Burke.
Tag: IMF austerity
The Architecture of Our Future
The anti-inflation policies driven by the U.S. and the Eurozone are not going to ease the burdens on the working class in their countries and certainly not in the debt-ridden Global South, writes Vijay Prashad.
Investing in Guns or People?
For an explanation of the massive inflationary wave that is now cresting on the world and causing widespread suffering and instability, Vijay Prashad turns to U.S. economic policy.
Dark Times with a Sliver of Light
Vijay Prashad raises the hope that Argentina — which just joined China’s BRI — can forge a development strategy not written by IMF staffers in Washington.
IMF Loans Forcing Austerity on Crisis-Ravaged Nations
IMF pandemic-related loans are forcing developing nations to implement austerity measures that fuel further impoverishment and inequality, an Oxfam analysis finds.
COVID-19: Credit Ratings Punish Poorer Countries for Investing More in Health Care
Downgrades and the fear of them prevent much-needed public spending during the pandemic, writes Ramya Vijaya.
South Africa’s Never-Ending Crisis
The public sentiment is that the “stimulus” was largely looted, writes Busi Sibeko in this argument for ending austerity.
COVID-19: Rot Exposed By Pandemic Augurs a Future of Fear
Vijay Prashad raises deep questions about the exhaustion of the global capitalist system in a time of great human suffering.
COVID-19: How Ecuador Descended into Chaos
Guillaume Long says that under pressure by the IMF to reduce the size of the state, the Moreno government has made damaging cuts to public health.