Stop the Wars at Home and Abroad!

Escaping Debt Slavery: Ethiopia, Africa, And The IMF

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[…]

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U.S. Undermines Sri Lankan Sovereignty to Usurp Chinese BRI Investment

by Kiji Noh, published on Organizing Notes, July 28, 2022 Good big picture analysis by Andy Boreham [in the video above]. But the “debt trap diplomacy” trope here is not just information warfare to attack and delegitimate China. It is to ensure that any subsequent government Sri Lanka (SL) breaks or reduces ties with China. SL is very likely a[…]

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Argentines on the Debt: “It Should Be Paid By Those Who Wasted It”

by Gustavo Maranges, published on Resumen Latinoamericano, May 15, 2022 The history between Argentine and the International Monetary Fund (IMF) is more than troublesome. Last week, the Argentine Senate passed a bill aimed to settle the last chapter, which was opened after former President Mauricio Macri (2015-2019) borrowed US$44 billion (90% of the country’s Gross Domestic Product). Both the bill[…]

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