International Aid and Debt

Plundering Africa – Income Deflation and Unequal Ecological Exchange Under Structural Adjustment Programmes

March 19, 2025 UNAC Editor Abuses of Empire, Africa, Colonialism, Commodity Markets, Economics, International Aid and Debt, Neocolonial Economic Dominance

by Dylan Sullivan and Jason Hickel, published on Black Agenda Report, March 12, 2025 Originally published in ROAPE . During the 1980s and 1990s, the International Monetary Fund (IMF) and World Bank forced governments across Africa to implement neoliberal structural adjustment programmes (SAPs). SAPs compelled post-colonial governments to cut public services and public-sector production, remove labour market regulations and wage[…]

Why Secretary of State Antony Blinken went to Haiti

September 17, 2024 UNAC Editor Economic Collapse, Haiti, International Aid and Debt, US Hypocrisy, US Intervention

by G. Dunkel, published on Workers World, September 13, 2024 Secretary of State Antony Blinken traveled to Haiti and the Dominican Republic on Sept. 5 and 6, the first visit by a high level U.S. official in nearly 10 years. That means Blinken made a special visit to Haiti, a country that is the most exploited and poorest in the[…]

US Imperialism Inflicts Untold Horrors On Niger, Among the World’s Poorest Nations

December 16, 2023 UNAC Editor International Aid and Debt, Neocolonial Economic Dominance, Niger, Paths to Emancipation, Sanctions and Economic Warfare, US Foreign Policy

by John Pottinger, published on Socialist Action, December 11, 2023 Even before the popular July 26, 2022 coup d’état that removed the US-backed and pro-French government, Niger was the seventh poorest country in the world. With a 37 percent literacy rate, only 20 percent of the population has access to electricity in a country with some of the largest uranium[…]

The Next Aggression that the U.S. is Preparing against Venezuela

July 26, 2023 UNAC Editor International Aid and Debt, Sanctions and Economic Warfare, U.S. Aggression, US Government Action, Venezuela

from Mision Verdad, translated and published on Resumen English, July 21, 2023 This year, the legislative arm in Washington has introduced three bills in the U.S. Congress against Venezuela: the Prohibition of Transactions and Leases with Venezuela’s Illegitimate Authoritarian Regime Act, the Venezuelan Human Rights “AFFECT” Act and the Venezuelan Democracy Act. The bills have a common denominator: to further[…]

Lebanon Under Occupation, Financial Fraud and Sectarian Political Corruption

June 18, 2023 UNAC Editor Colonialism, Economic Collapse, International Aid and Debt, Interview, Lebanon, Paths to Emancipation, Resistance, Sanctions and Economic Warfare

by Steven Sahiounie, published on Mideast Discourse, June 18, 2023 Crown Prince Mohammed bin Salman of Saudi Arabia met with French President Emmanuel Macron in Paris on June 16. One of the items on their agenda was Lebanon, which has close historical and language ties to France. The tiny Mediterranean country has been in financial collapse for several years, and[…]

Escaping Debt Slavery: Ethiopia, Africa, And The IMF

May 29, 2023 UNAC Editor Eritrea, Ethiopia, International Aid and Debt, Sanctions and Economic Warfare

by Ann Garrison and Robert J. Prince, published on Popular Resistance, May 18, 2023 In 1987, at the Organization for African Unity, Thomas Sankara said, “Debt is a cleverly managed reconquest of Africa.” Restructuring associated with WB and IMF loans becomes a millstone around the neck of drowning economies. [jb] The US is holding up Ethiopia’s request for a $2[…]

The U.S role in fomenting violence in Haiti

May 8, 2023 UNAC Editor Abuses of Empire, Austerity, Deportation, Economic Blockade, Gun Violence, Haiti, Identity Politics, International Aid and Debt, Public Health

by G. Dunkel, posted on Workers World, May 5, 2023 María Isabel Salvador, the author of the April 25 report from the United Nations Integrated Office in Haiti (BINUH) to the U.N. Security Council on the current situation in Haiti emphasized “the urgent need for the deployment, authorized by the Security Council, of an international specialized force.” Based on the last[…]

Oxfam Report Highlights Deep Harms of IMF ‘Austerity Drive’ in Poor Nations

April 27, 2023 UNAC Editor Austerity, Economics, Human Rights, International Aid and Debt, Poverty

by Jake Johnson, published on CommonDreams, April 13, 2023 Austerity is the flip side of sanctions. For the global south, economic interactions with western financial institutions are “austerity” vs “sanctions” which amounts to “Damned if you do; Damned if you don’t” The entire western economic structure is geared to extraction, and its prescriptions permeate the global south like poison. [jb][…]

The World Bank and the BRICS Bank Have New Leaders and Different Outlooks

April 9, 2023 UNAC Editor BRICS, Capitalism, Economics, International Aid and Debt, Socialism, Socio-Economic Struggles

by Vijay Prashad, produced by Globetrotter, April 7, 2023 In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job since—by convention—the U.S. nominee is automatically selected for the[…]

U.S. Shoots Itself in the Foot in Africa

March 9, 2023 UNAC Editor Africa, China, Ethiopia, Global Trade, International Aid and Debt, South Africa, United Nations

by Ann Garrison, published on Black Agenda Report, March 8, 2023 In Africa as in the rest of the world, US machinations undermine its goals and bring other nations together as they seek to protect themselves from a desperate empire. The US can’t seem to understand that the rest of the world, including Africa, doesn’t like to be pushed around. African nations’ refusal[…]