Alternative sources of financing are beginning to empower poorer nations in the Global South to pursue projects grounded in genuine development theory, writes Vijay Prashad.
The Lying IMF
Tag: IMF
No Billion-Dollar Bailouts For Africa
Despite the millions more people in Africa — particularly women — now engulfed by extreme poverty after Covid, Vijay Prashad notes the absence of urgent phone calls between world capitals or emergency Zoom meetings between central banks.
SCOTT RITTER: G7 vs BRICS — Off to the Races
An economist digging below the surface of an IMF report has found something that should shock the Western bloc out of any false confidence in its unsurpassed global economic clout.
Reasons for an Argentina-Brazil Currency Union
It’s a way to help them re-industrialize, writes Barbara Fritz, at a time when recent geopolitics have also sharpened concern about dollar dependency.
Bolsonarism Without Bolsonaro
The World Bank has sounded the alarm, but the forces of “centrism” — beholden to billionaires and the politics of austerity — refuse to pivot away from the neoliberal catastrophe, writes Vijay Prashad.
More Austerity Means More Protests in 2023
People are being asked to endure austerity cuts while suffering a cost-of-living crisis, write Isabel Ortiz and Sara Burke.
America’s New Cold War in Africa
Vijay Prashad says Washington’s approach to the U.S.-Africa Leaders Summit last month was guided by its broader New Cold War agenda.
COP27: Show Marginalized Countries the Money
Globally, as much as $3.8 trillion must be invested every year to hold back global warming, write Peter Schlosser and Michael Dorsey. For comparison, the IMF says $5.9 trillion was spent on fossil-fuel subsidies, in total, in 2020.
When Will the Stars Align Again for Burkina Faso?
The Sahel coups are against conditions of life afflicting most of the region’s people, writes Vijay Prashad — conditions created by theft of sovereignty by multinationals and the old colonial ruler.
Who’s Responsible for Pakistan’s Floodwaters?
It is criminal that the IMF would impose strict austerity when the agricultural infrastructure is utterly destroyed, writes Vijay Prashad. Pakistan is suffering from “climate apartheid.”