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Communists propose Russia leaves IMF and World Bank
Russia’s Communist Party MPs have sponsored a bill that seeks to terminate the nation’s participation in major Western-dominated international financial organizations.
A burst of optimism: unfounded?
By Michael Roberts, Published on The Next Recession, Feb 18, 2023: There has been a burst of optimism about the state of the world economy since the beginning of the year. At the end of last [...]
IMF warns of ‘wave of debt crises’ coming in Global South, with war, interest rate hikes, overvalued dollar
By Ben Norton, Published on Multipolarista, Nov 13, 2022: The IMF says a “wave of debt crises” may be coming in the Global South, and “the global economy is headed for stormy waters,” due to war, [...]
IMF Tells Bolivia to Drop its Successful Economic Model
Published on Kawsachun News, Sept 16, 2022: The IMF has released a report on the Bolivian economy in which it recommends adopting drastic neoliberal measures. These measures include reducing [...]
By New Cold War
In Ben Norton, China, Debt, Economic crisis, Economic warfare, Foreign intervention, IMF, India, Japan, Neo-Liberalism, Sri Lanka, USA, Video
Posted Real debt trap: Sri Lanka owes vast majority to West, not China
VIDEO, ARTICLE & SOURCES By Benjamin Norton, Published on Multipolarista, July 11, 2022: Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies [...]
By New Cold War
Posted Will Pakistan Submit To The US-Controlled IMF’s Reported Demand To Renegotiate CPEC Energy Deals?
Published on One World, June 9, 2022: Pakistan must decide between the US-controlled IMF and China with respect to which of those two can most realistically help it avert bankruptcy and [...]
Argentina will attend BRICS summits, at China’s invitation, in step toward ‘formal entry’
China invited Argentina to attend the 2022 summits of the BRICS economic bloc of Brazil, Russia, India, China, and South Africa. Argentina’s ambassador says it’s a step toward “formal entry” to [...]
Exclusive: Russia’s Sergey Glazyev introduces the new global financial system
By Pepe Escobar Published on The Cradle, Apr 14, 2022 The world’s new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural [...]
IMF Urged to Seriously Reconsider its Austerity Agenda in Ecuador
“…the tragic outcomes of the COVID-19 pandemic [in Ecuador] were not incidental. On the contrary, they follow directly from the austerity reforms attached to IMF money.” [...]
