Burdened by decades of neocolonialism and corruption, Senegal faces an all-too-familiar dilemma faced by countries across the Global South: how to pursue sovereign development under the weight of debt.
Vijay Prashad: Senegal on the Edge of Collapse
Tag: International Monetary Fund
Vijay Prashad: To Free Africa, Stop Stealing Its Wealth
In Senegal and many other countries, the IMF’s approval of irregular financial practices has undermined sovereignty and favored multinational corporations.
Vijay Prashad: Rust Belt & Broken Road
From the 1942 “American century” to Trump’s “American carnage,” the U.S. has shifted from a post-WW2 boom to decline and is now facing political divides, economic crisis, poverty and social decay.
The Lying IMF
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.
British Intel Predicted Ukraine War 30 Years Ago
The U.K. anticipated a “serious confrontation between Russia and Ukraine” as far back as 1992, declassified files show, Phil Miller reports. One senior official even questioned whether Ukraine was “a real country.”
Phony ‘Corruption’ Excuse for Ukraine Coup
Exclusive: The U.S.-backed “regime change” in Ukraine — launching the New Cold War with Russia in 2014 — was rationalized by the need to rid Ukraine of corruption, but post-coup officials are busy lining their pockets, reports Robert Parry.
Flattering the Dead Saudi King
Though Saudi King Abdullah was a repressive leader at home who contributed to political and sectarian violence across the Middle East, his death is mourned by Western leaders who were dependent on his vast ocean of oil and his vaults…
Argentina v. the Hedge Funds
Exclusive: A battle between Argentina and U.S. hedge funds, which gambled on the country’s defaulted bonds, is raising questions about how far U.S. courts can go in requiring governments to pay and whether developing nations can defy the U.S.-dominated financial system, reports…
A People’s War in East Ukraine
Ukraine’s Western-backed coup regime in Kiev has launched an offensive against ethnic Russians in the east while a pro-regime mob used fire to kill some 31 anti-regime protesters in Odessa. Virtually all U.S. pundits favor the coup regime, but Daniel…
Ukrainians Get IMF’s Bitter Medicine
Exclusive: Though lacking legitimacy from national elections, Ukraine’s coup regime has approved a harsh IMF austerity plan that hits Ukraine’s “99 percent” the hardest and asks little from the country’s “1 percent,” including the corrupt “oligarchs,” reports Robert Parry.