International Monetary Fund

Reparations for the people of Kenya, not debt!

July 8, 2024 UNAC Editor Abuses of Empire, Kenya, Neocolonialism

By Staff, published on Workers World, June 27, 2024 Workers World is in full solidarity with the people of Kenya, who have been carrying out a popular rebellion for almost a week. They are protesting a bill passed by the parliament to raise taxes on basic necessities of life, such as food, gas, health care and education. Kenyans are demanding[…]

A Roadmap to Escape the West’s Stranglehold

October 16, 2022 UNAC Editor Austerity, Economic Collapse, Economics, Global Trade, International Aid and Debt, Uncategorized

by Pepe Escobar, published on The Cradle, October 6, 2022 Recent discussions question how to frame the coming changes, will there be relief for those suffering austerity and sanctions, is the suffocating grasp of dollar hegemony coming to an end, and if so, what are the significant global changes that will enable this transformation of the global economy? Is there[…]

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

July 21, 2022 UNAC Editor Asia, Austerity, Belt and Road, China, Hybrid Warfare, International Aid and Debt, Propaganda

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[…]

The Wolf in Sheep’s Skin: IMF, WTO and WB

March 2, 2021 UNAC Editor Austerity, Economics, International Aid and Debt, Toxic Chemicals

by Syed Ehtisham, published on Countercurrents, February 15 2021 IMF and WB do not function like UN agencies on a ‘One nation, one vote’ system. Voting power is pegged to the size of economy and on financial contribution to the WB. The after effects of some of the decisions of IMF/WB are as below: In 1994, Zambia declared that it[…]

NICA-Act-I: Nicaragua Reminds the US of its Debts

January 16, 2019 UNAC Editor Abuses of Empire, Hybrid Warfare, International Law, Latin America, Nicaragua

by Chuck Kaufman, from NicaNotes, August 22, 2017 Passage by the US House Foreign Affairs Committee of the ridiculous NICA Act brought a rebuff by the Sandinista government of President Daniel Ortega and a reminder of the US’s own unpaid debt to Nicaragua. The NICA Act (Nicaragua Investment Conditionality Act of 2017), if it became law, would require US representatives in multilateral lending institutions[…]